India’s paper and packaging industry is poised for substantial growth in the coming years. According to Grand View Research, the Indian paper packaging market generated a revenue of USD 15.78 billion in 2024 and is projected to reach USD 25.22 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.1% from 2025 to 2030.
In contrast, a report by Mordor Intelligence indicates that the Indian paper packaging market is expected to reach USD 19.07 billion in 2025 and grow at a CAGR of 19.48% to reach USD 46.43 billion by 2030.
These varying projections underscore the dynamic nature of the industry, influenced by factors such as the expansion of e-commerce platforms, increased consumer awareness of sustainable packaging, and government initiatives promoting eco-friendly materials. The shift towards paper-based packaging solutions is further driven by the need to reduce plastic usage and the growing demand for recyclable and biodegradable packaging options.
As the industry evolves, stakeholders are likely to continue investing in sustainable practices and innovative packaging solutions to meet the diverse needs of consumers and businesses alike.
