2023-24 fiscal year: India's paper market to increase domestic consumption of packaging paper & paperboard by 8.2%, per IPMA.

India is the fastest-growing paper market globally, with an 8.2% increase in domestic consumption of packaging paper and paperboard for the 2023-24 fiscal year, as reported by the Indian Paper Manufacturers Association (IPMA). The market, at 15 million tonnes, constitutes 65% of the total paper market. Growth is driven by demand from FMCG, e-commerce, and a ban on single-use plastics. Per capita consumption remains low at 16 kg, but is expected to rise with economic development.

September 04, 2024
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