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The Indian Paper Manufacturers Association (IPMA) has said paper consumption in India may witness 6 to 7 per cent annual growth and will reach 30 million tonnes by FY2026-27. IPMA said the emphasis on education and literacy coupled with growth in organised retail and demand for better quality paper are the major drivers of growth.

Further, it stated the paper Industry holds immense potential for growth in India as the per capita consumption globally is one of the lowest. It mentioned that around 15 per cent of the world population stays in India but consumes only 5 per cent of the total paper produced in the world. Moreover, it said there has been continued demand for quality packaging of FMCG products, pharmaceuticals, textiles, organised retail, booming e-commerce, and other segments.

Besides, it said paper Industry in the country has undergone a transformation of sorts in the last few years. The industry has gone up the sustainability curve and has become far more technologically advanced. It added in the last five to seven years, an amount of over Rs 25,000 crore has been invested in new efficient capacities and induction of clean and green technologies. The estimated turnover of the industry is Rs 70,000 crore with domestic market size of Rs 80,000 crore.