The paper industry is going through a transformation phase and projected consumption is expected to touch 24 million tonnes by 2024-25 from 15 million tonnes, according to a top industry official.
Indian Paper and Manufacturers’ Association Vice-President J P Narnia said the industry was going through a transformation phase and some big paper companies were expanding to meet region specific or product specific demand.
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“Overall paper consumption is projected to increase to 24 million tonnes in 2024-25 from 15 million tonnes currently. I believe there will be a consolidation within the industry”, he said in a press release.
“India’s quality paper producers serve the need for printing, writing, packaging, publishing and stationery sectors”, he said.
Source: Business Standard
