Wednesday, July 24, 2013

India's Paper Industry to Grow at 6-8% Per Year

http://www.paperage.com/2013news/07_24_2013india_paper_industry_report.html
With a total consumption of 11.60 million metric tons (MT), the Indian paper industry accounted for less than 3% of global paper demand. The per capita consumption of paper amounts to around 10 kilogram (Kg), which is significantly lower than world average of around 58 Kg and even the consumption levels of some of the other developing nations.
While the market size and per capita consumption are relatively low, they have exhibited a rising trend over past several years from 7.3 kg in 2008 to 10-11 kg in 2012. The total paper consumption has grown at a CAGR of around 6% over last decade with none of the last ten years showing a decline in consumption demand.