India remains fastest growing paper market in world with 8.2% rise: Report

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India remains fastest growing paper market in world with 8.2% rise: Report - Business Standard

Quick Summary:

India remains the fastest-growing paper market in the world with domestic consumption of packaging paper and paperboard growing at 8.2 per cent in 2023-24, a report said on Wednesday.

According to the report by Indian Paper Manufacturers Association (IPMA) for 2023-24, packaging paper & paperboard market is growing at an annual rate of 8.2 per cent in the country.

Demand for better quality packaging of FMCG products, textiles, pharmaceuticals, among others, as well as, booming e-commerce and rising healthcare spends are among the factors that are driving the growth of packaging paper & paperboard market in India, it said.