Project Report For
The project report for Paper Mill is as follows.
India’s share of paper requirement around the globe has been measured and it is rising, as home market is expanding at a steady rate, whereas consumption in western countries is diminishing. In particular, demand for domestic paper in India grew from 9.4 million tonnes in FY08 to 15.4 million tonnes in FY16. Given the consistent rise in the sector, per capita paper intake in the country is slightly above 14 kg, which is far under the world average of 57 kg and well below 200 kg in North America.
The Indian paper & paper products industry is expected to rise from $8.6 billion in 2018 to $13.4 billion by 2024, with a CAGR of 7.8 per cent between 2019 and 2024.
The increasing manufacturing sector, the demand for higher quality wrapping of FMCG goods sold via organised retail and the requirement for the upstream market for paper goods, like tissue paper, philtre paper, tea bags, lightweight digital wrapped paper and clinical quality coated paper, are projected to boost the requirement for paper products in india in the upcoming years. Ballarpur Industries Limited (BILT) and ITC are one of the best example companies in India.
Market potential & Strategy
Furthermore, depending on the product, the market was developed into writing & paper products, paperboard & packaging, newspapers and specialized paper.
Among application areas, the requirement for paper & packing is increasing at the highest rate, as paperboard & packaging caters to sectors like FMCG, food & beverage, textiles and pharmaceuticals. The category is also anticipated to witness significant growth due to reasons like as growing urban development, growing trend for ready-to -eat nutrition and the demand for better-quality packaging of FMCG products sold via organised retail.
The paper & paper goods sector in India has indeed been divided to the North , South , East and West. The Western Region is the biggest manufacturer of paper and paper products from across nation due to a rise in paper usage, in particular FMCG products. Paper mills are located in Tamil Nadu , Andhra Pradesh, Maharashtra, Punjab, Madhya Pradesh and Gujarat.
Paper mills use a wide range of raw materials such as wood, bamboo, bagasse, recycled fibre, wheat straw, rice and husk. The geographical area of the mill is also classified by the characteristics of raw material utilized.
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