India’s Paper and Print Industries show large potential. Demand for paper is growing, also due to an increase in demand for packaged products. Resources for the paper market are limited, but domestic production is increasing. The paper industry of India is providing employment to 400,000 people directly and 1.5 million indirectly. Paper consumption in India is approximately 15 million tonnes per annum. In addition, it is expected to reach 23.5 tonnes per annum by 2025. Some of the paper mills are existing for several decades, which make up-gradation and investments into newer machinery necessary. This opens up opportunities for manufacturing companies in the sector.
The print market in India is growing as well. This is mainly because of the growing demand for high-qualitative products. In fact, the print machinery production registered a year-on-year growth of 20% in the last few years. Besides, the two sectors projected to grow the most are packaging and published printing.