Trident Paper believes that the domestic paper industry is expected to grow at around 7% per annum in the forthcoming years

Trident Paper believes that the domestic paper industry is expected to grow at around 7% per annum in the forthcoming years
-The revenue of the Company from Paper and chemicals was INR 11,459 in FY 2024 increasing/decreasing from INR 13,438 million in FY 2023.
-The Asia-Pacific region remained a leading market for paper and paper-based products in the reported year with a market share of 50.16% in 2023 (Fortune Business Insights).
The Pulp and Paper Times

Trident Limited is the flagship company of the esteemed Trident Group, a powerful Indian conglomerate with a global reach. We are a vertically-integrated textile and paper company, transforming raw materials into exceptional home essentials and eco-friendly paper products.

The Company is the world’s largest wheat straw-based paper producer. It maintains its position, with a capacity of 175,000 TPA. It offers multi-colour, quick-turn publishing and branded copier paper. Trident Paper is known for its eco-friendly paper and enjoys good domestic market.

The revenue of the Company from Paper and chemicals was INR 11,459 in FY 2024 increasing/decreasing from INR 13,438 million in FY 2023.

The Annual Report for FY 23-24 of Trident Limited stated, that the printing and writing (P&W) paper segment of the market exhibited significant growth in emerging economies such as India and China. The market’s growth in these regions was supported by growth in the education sector and increased use of e-commerce platforms by individuals. The Asia-Pacific region remained a leading market for paper and paper-based products in the reported year with a market share of 50.16% in 2023 (Fortune Business Insights).

“It was visible that the key industry players were focused on investing towards expanding their global presence and thereby, tap into the new markets and diversify their customer base. The adoption of automated manufacturing processes to reduce reliance on labour intensive production processes and integrating technologies into its operations proved to be impactful. This further aided the industry to enhance its productivity and manage costs efficiently.” Report said.

“With the revival in global economy and easing global supply chain scenario, the demand for paper in the global market is expected to rebound in the forthcoming years. In addition to this, the North American markets are expected to remain the second largest markets for paper in the coming years, However, Industry experts believe that the market is anticipated to experience fluctuating growth patterns.

The domestic market got largely benefitted from the advancement of technology. Integration of advanced technology has helped the Indian paper manufacturers to enhance production efficiency and control the cost of production. The advanced technology and innovation also led to offer of new and value-added paper products. These products meet the diversified needs of the paper packaging industry. The paper packaging industry benefitted the most in the reported year, as the government launched initiatives to minimise the use of single use plastics. The growth of the e-commerce industry had propelled the growth of the paper packaging market in the year under review,” The report informed.

The domestic paper industry is expected to grow in the forthcoming years at around 7% per annum. The growth is anticipated to be driven by increased literacy rates within the country with the government’s support. The adoption of the New Education Policy (NEP) is one such initiative that is expected to boost the demand for P&W papers in the economy. The growth in the Fast-Moving Consumer Goods (FMCG) market, e-commerce sectors and health sectors are expected to facilitate and sustain the growth of the industry in the coming years.

India is one of the largest producers of pulp and paper and it has experienced significant growth in recent years. It is a highly fragmented industry with small, medium and big mills that use a variety of raw materials including wood, bamboo and wheat straw. Various types of papers used for writing, printing and packing are produced in India. The industry contributes to 5% of the world’s paper production.
 

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