The Indian paper & paper products market is projected to grow from $ 8.6 billion in 2018 to $ 13.4 billion by 2024, exhibiting a CAGR of 7.8% during 2019-2024. Growing manufacturing sector, requirement of better quality packaging of FMCG products marketed through organized retail and the demand for the upstream market of paper products, such as tissue paper, filter paper, tea bags, light weight online coated paper and medical grade coated paper are expected to drive the paper & paper products market in India in coming years. Ballarpur Industries Limited (BILT) and ITC are among the largest producers of paper in the country. Moreover, many of the existing players are increasing their capacity to meet the growing demand. However, high cost of production as a result of unavailability and high cost of raw materials, high cost of power, concentration of mills in specific areas only, technological obsolescence as well as environmental challenges are some of the factors hampering the market growth.
The Indian paper & paper products market has been segmented into raw material, application and region. Based on raw material, the market has been categorized into waste & recycled paper, wood and agro residue. The waste & recycled paper segment is expected to dominate the market during forecast period, owing to growing concerns about the cutting down of trees for producing pulp. Further, based on application, the market has been bifurcated into writing & printing paper, paperboard & packaging, newsprint and specialty paper. Among the application segments, the demand for paperboard & packaging is growing at the fastest pace, as paperboard & packaging caters to industries including FMCG, food & beverages, textiles and pharmaceutical. The segment is also expected to dominate the market, owing to factors such as rising urbanization, increasing preference for ready-to-eat foods and requirement of better-quality packaging of FMCG products marketed through organized retail.
The paper & paper products market in India has been segmented into North, South, East and West. Western region is the lead consumer of paper & paper products across the country, on account of increasing paper consumption, especially FMCG products. Paper mills are concentrated in the states of Tamil Nadu, Andhra Pradesh, Maharashtra, Punjab, Madhya Pradesh and Gujarat. The paper mills use a variety of raw materials such as wood, bamboo, bagasse, recycled fiber, wheat straw, rice and husk. The geographical location of the mill often determines the type of raw material used. Most mills in the northern and western regions of India depend heavily on agricultural residues and wastepaper as their raw material. While pulp & paper production in southern and eastern regions use wood and bamboo as raw materials.
Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024
Objective of the Study:
- To analyze and forecast the Indian paper & paper products market size.
- To forecast the Indian paper & paper products market based on application, raw material and regional distribution.
- To identify drivers and challenges for the Indian paper & paper products market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Indian paper & paper products market.
- To conduct pricing analysis for the paper & paper products market.
- To identify and analyze the profile of leading players involved in the manufacturing of paper & paper products.
Both primary as well as exhaustive secondary research was conducted for this study. Initially, the researchers sourced a list of leading manufacturers across the country. Subsequently, primary research surveys were conducted with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the manufacturers which could not be identified due to the limitations of secondary research could be included. The product offerings, distribution channels and presence of all major players operating in the Indian paper & paper products market.
The Indian paper & paper products market size was calculated by using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. These values are sourced from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.
Key Target Audience:
- Paper & paper product manufacturers and suppliers
- Government and other regulatory bodies
- Organizations, forums and alliances related to paper & paper products
- Market research and consulting firms
In this report, the Indian paper & paper products market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market, by Application:
- Writing & Printing Paper
- Paperboard & Packaging
- Specialty Paper
- Waste & Recycled Paper
- Agro Residue
Company Profiles: Detailed analysis of the major companies present in the Indian paper & paper products market.
With the given market data, customizations are offered according to a company’s specific needs. The following customization options are available for the report:
- Detailed analysis and profiling of additional market players (up to five).
- Profit margin analysis in case of direct and indirect sales channel.
2. Research Methodology
3. Analyst View
4. Voice of Customer
4.1. Factors to be considered for product selection
4.2. Factors influencing purchase decision
4.3. Unmet needs
5. India Paper & Paper Products Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value and By Volume
5.2. Market Share & Forecast
5.2.1. By Application (Writing & Printing Paper, Paperboard & Packaging, Newsprint and Specialty Paper)
5.2.2. By Raw Material (Waste & Recycled Paper, Wood and Agro Residue)
5.2.3. By Region
5.2.4. By Company
5.3. Market Attractiveness Index
6. India Paperboard & Packaging Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Raw Material
7. India Writing & Printing Paper Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Raw Material
8. India Newsprint Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Raw Material
9. India Specialty Paper Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Raw Material
10. Pricing Analysis
11. Market Dynamics
11.1. Impact Analysis
12. Market Trends & Developments
13. Policy & Regulatory Landscape
14. Trade Dynamics
14.3. Trade Balance
15. India Economic Profile
16. Competitive Landscape (Leading companies)
16.1. ITC Paperboards and Specialty Division Ltd.
16.2. JK Paper Ltd.
16.3. Tamil Nadu Newsprint and Papers Limited
16.4. Century Pulp & Paper Limited
16.5. Westcoast Paper Mills
16.6. International Paper APPM Ltd.
16.7. Genus Paper & Boards Limited
16.8. Seshasayee Paper & Boards Limited
16.9. Rainbow Papers Ltd.
16.10. Khanna Paper Mills Private Limited
17. Strategic Recommendations
(Note: The companies list can be customized based on the client.)
*Full List of Figures Available on Enquiry.
- ITC Paperboards and Specialty Division Ltd.
- JK Paper Ltd.
- Tamil Nadu Newsprint and Papers Limited
- Century Pulp & Paper Limited
- Westcoast Paper Mills
- International Paper APPM Ltd.
- Genus Paper & Boards Limited
- Seshasayee Paper & Boards Limited
- Rainbow Papers Ltd.
- Khanna Paper Mills Private Limited