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The Indian Paper Manufacturers Association (IPMA) in its latest report has said that 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. It mentioned the domestic packaging paper & paperboard market stands at about 15 million tonnes which is nearly 65 per cent of the total paper, paperboard and newsprint market of 23 million tonnes in the country. It said demand for better qual...
India remains fastest growing paper market in world: IPMA
The Indian Paper Manufacturers Association (IPMA) has said that imports of paper and paperboard in the country rose by 34 per cent to 19.3 lakh tonnes in 2023-24, driven by higher shipments from ASEAN countries. In value terms, paper imports doubled to Rs 13,248 crore in FY24 from Rs 6,140 crore in FY21. It said the increasing imports of these products are hurting the domestic industry. It noted that paper and paperboard imports, as per the commerce ministry data, were 14.3 lakh tonnes in the...
Imports of paper and paperboard rise by 34% to 19.3 lakh tonnes in FY24: IPMA
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