Paper is one of the most widely used materials with a wide range of applications in our day-to-day life. It also finds applications across industries such as packaging, publishing, etc. In spite of people moving towards digital mediums, the demand for paper has been increasing over the past few years, which in turn is increasing investments in the paper and printing industry.
Paper manufacturing is one of the major industries in India, providing employment opportunities to lakhs of people across the country. The Indian paper industry contributes to around 1-2% of the total paper production in the world. The paper industry in India has a huge potential to play a significant in the global paper industry, considering the abundant availability of raw materials and cost-effective human resources in the country.
The Indian paper industry is expected to grow at a CAGR of 5.5% over the next five years. Growth of e-commerce, shift towards sustainable packaging, increase in literacy rate, etc. are some of the factors contributing to the growth of the paper manufacturing industry in India. The government’s measures to minimize the usage of plastic is helping the industry to grow. Due to all these factors, starting a paper manufacturing business in India is considered as one of the most profitable manufacturing business ideas in India.
The paper industry offers great opportunities for large industries as well as small and medium scale industries across the value chain. The industry has seen a large number of investments from small enterprises. In this article, let us have a look at how to start a paper manufacturing business while discussing the about raw materials used, manufacturing process, popular paper making business ideas, major players, etc.