Steady Demand led by Diverse Application

Application of paper in diverse sectors is boosting the growth of the market and consequently with increasing demand, paper and pulp companies can be seen innovating at a breakneck speed to grab a larger share of the expanding market. There are more than 600 paper mills in India today churning out paper to fulfil the ever increasing demand. The upstream market demand for paper products, such as tissue paper, tea bags, filter paper, lightweight online coated paper, medical-grade coated paper, etc., is growing as well. These developments are expected to give a significant boost to the growth of the industry.

Several existing players are increasing their capacity to meet the growing demand. However, high cost of production as a result of unavailability and high cost of raw materials, high cost of power, concentration of mills in specific areas only, technological obsolescence as well as environmental challenges are some of the factors hampering the market growth. While the industry has made significant capital investments to ramp-up capacities, the gestation period is long and the economic viability of the investments are impacted significantly by availability and cost of raw materials and other inputs, and escalating imports.

However, despite the fact that the Indian Paper industry holds its importance to the national economy, it stands fragmented. Paper sector is dominated by small and medium size units, and less than half a dozen mills account for almost 90 percent production of newsprint in the country. The varied demand is calling for modernization of the Indian mills, improvement of productivity and building of new capacities.

Considering the increasing importance of this market segment, we have studied this industry segment in-depth and have come up with the list of 10 Most Promising Paper and Pulp Companies who have excelled in this field with their innovative approach. Having proven their dedication to quality and end-to-end addressal of customer requirements, these companies have stood out from the crowd.

We look forward to receiving your feedback.