The growth prospects of the packaging industry and industrial production are likely to increase the consumption of paper in India.
February 28, 2014 (Newswire) -
India is witnessing rapid development compiled with increasing production activities. As an essential part of the manufacturing sector of India, the paper industry is associated with the economic wellbeing of the country. Strong economic growth of the nation has been accompanied by a healthy demand for paper.
Amongst the types of paper, paperboards and industrial packaging papers contribute the highest to the consumption volume of paper in India as compared to the other segments, namely writing and printing paper, newsprint and specialty paper. The market captured by paperboards and industrial packaging papers is closely linked to the growth in the packaging industry and industrial production in the country. With surging affluence of the Indian population, the demand for consumer goods is on a constant rise. The requirement of packaging of these goods subsequently triggers the consumption of paper in the country.
The Indian paper industry is characterized by high voluminous growth on account of the increasing population in the country. Furthermore, changing lifestyles of the masses and growth in organized and modern retailing channels represent the main reason behind this shift towards packaged goods. Demand for FMCGs, pharmaceuticals, and packaged ready-to-eat foods are propelling the usage of paperboards and industrial packaging papers.
"With strong economic development, pacing industrial activities and increasing usage of consumer goods by the Indian population, the consumption of paper is being directly stimulated in the country." - according to the research report 'India Paper Industry Outlook to 2018- Steered by Industrialization and Literacy Levels' by Ken Research.
The report provides detailed overview on the paper industry and its different segments and helps readers to identify the ongoing trends in the key segments of the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report will aid industry consultants, paper manufacturers, marketing companies and other stakeholders to align their market centric strategies according to ongoing and expected trends in future.
Contact Person: Ankur Gupta