ICCA Wants Fiber Content To Improve
The market size of the Indian Corrugated Industry is Rs 50,000 crore per annum, according to ICCA vice chairman ML Agarwal.
HYDERABAD, July 07 (The CONNECT) – International Corrugated Case Association (ICCA) has called for improving the paper quality with increased fibre content.
“The quality of the pager is very bad. It doesn’t have much fibre content in it,” said ICCA vice chairman ML Agarwal.
He was speaking at the 2day Corrupack Summit-2023 organised by the Association of Corrugated Case of Telangana (ACCT). The Summit 2023 is an exhibition and conference dedicated to corrugated packaging.
Agarwal said, Corrugated packaging industry is growing at a handsome pace in India principally due to increasing demand for consumer products and also an increase in e-commerce. The expected rate of growth in corrugated packaging is well above the GDP and is projected currently at 10% per annum. This growth rate is expected to sustain for the next few years aided by strong macroeconomic conditions. The market size currently stands at 10-11 Million tons per annum.
The market size of the Indian Corrugated Industry is Rs 50,000 crore per annum.
The capacity of the industry in Telugu states is half a million tonnes. And the size is Rs 2500 crore. Telangana industry is expected growth by 15% per annum which is slightly higher than the national average, said Agarwal
As part of the summit, a Tabletop Exhibition showcasing over 20 exhibitors and their products and services used for the manufacture of corrugated boxes was also inaugurated.
