India Paper Industry to Grow by 9.6% through 2017
 Print this article | Send to Colleague
The paper industry in India has become more promising as the domestic demand is on the rise, according to a new report by Reportlinker.com (New York, N.Y., USA) titled India Paper Industry Forecast and Opportunities, 2017. Increasing population and literacy rate, growth in GDP, improvement in manufacturing sector and lifestyle of individuals are expected to account for the growth in the paper industry of India.
BILT and ITC are among the largest producers of paper and paperboard in India. Many of the existing players are increasing their capacity to meet the growing demand. The focus of the paper industry is now shifting towards more eco-friendly products and technology. The government of India has established rules and regulations to control the population and degradation of forests. These measures taken by the government has brought significant changes in the paper industry of India.
According to India Paper Industry Forecast & Opportunities, 2017, the paper industry in India is expected to grow at a CAGR of around 9.6% during 2012-2017, which will make the revenues of paper industry of India reach up to $11.83 billion by 2017. About 70% of the total installed capacity for paper production in India is owned by Gujarat, West Bengal, Orissa, Andhra Pradesh, Karnataka, and Maharashtra. Uttar Pradesh, Tamil Nadu, Haryana, Kerala, Bihar, and Assam together account for about 25% of the total paper production capacity in India.
|
|
