India's paper, paperboard industry to grow at the CAGR of about 9.6% during 2012-2017, reach around US$11B by 2017, due to growing GDP, population, improved literacy, leading especially to increased paperboard demand, study finds

Kendall Sinclair

VANCOUVER, British Columbia , March 30, 2013 (press release) – Increasing population, literacy rate, growing GDP, improvement in manufacturing sector and changing lifestyle in the country will spur the demand of paper and paperboard

The paper Industry of India has evolved to a great extent. The industry which once faced the famine situation in 1970s has now emerged as self efficient to meet its domestic demand as well as export the products outside India. Currently there are over 750+ pulp and paper mills in India. One of the major characteristics of the paper industry of India is high presence of small and medium sized paper mills in India. The big corporate has started venturing into the paper industry of India which is a good sign as this would bring the required investment to upgrade the technology used in the industry and increasing the efficiency.

According to recently published report by TechSci Research “India Paper Industry Forecast & Opportunities, 2017” the paper industry in India is expected to grow at the CAGR of around 9.6% during 2012-2017, which will make the revenues of paper industry of India to reach at the value of around USD 11 Billion by 2017. The paper industry in India is currently passing through the phase in which the focus has been shifting towards the non wood raw material from the forest fibres for the production of paper and other related products. The non wood raw materials are more economical than the other sources and also make the less impact on environment.

There are various reasons which have made the paper industry of India more promising and attractive than ever before. The population of India has been growing at a significant pace which has led to the increase in the paper consumption as each individual utilizes paper and other related products on daily basis. The growth in the GDP of India has helped the paper industry significantly. Growth in economy has led to the increase in the manufacturing activities which has further led to the increase in the demand for paper products specially the paperboard as the paperboard are extensively utilized by the manufacturing sector for carrying out wide range of activity ranging from packing to storage and transportation, etc. The growth in the GDP has also led to the improvement in the purchasing power of the individuals due to which the lifestyle has changed considerably in India.

The report further highlights that the specialty papers such as tissue papers, fine art papers etc. are becoming increasingly common as they have become the part of lifestyle of many individuals. The literacy rate in India has been improving continuously due to the increased efforts of public and private organization across India. This development has been acting as the catalyst for the paper industry since the improvement in the literacy is getting reflected in the demand of writing and printing papers. Literacy rate is expected to improve further in coming years which will create more demand for paper.

“Some of the major players in the paper industry of India are BILT, ITC, APPM, SPB, TNPL, Rainbow Papers, JK Papers Ltd., Century Pulp and Paper, The West Coast Paper Millis Ltd., Hindustan Paper and Abhisek Industries Ltd. These players accounts for around 30% of the paper production in India. Their share is anticipated to increase in near future as most of these companies have undertaken various projects to increase their production capacity” said Karan Chechi, Research Director with TechSci Research.

“India Paper Industry Forecast and Opportunities, 2017” has analyzed the growth potential of paper industry in India and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers and key challenges faced by the industry.

To download complete report, please visit http://www.techsciresearch.com/2165.

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