16 January 2025
The current paper-based stationery market is approximately INR 16,200 crore and is expected to grow to INR 28,700 crore by 2030, says Mr. Hardik Shah, CEO of Sundaram Multi Pap
India's paper-based stationery market, valued at INR 16,200 crore, is projected to reach INR 28,700 crore by 2030, driven by education and corporate demand. Sundaram Multi Pap Limited (SMPL), with 40+ years of expertise, remains focused on local sales despite rising exports. CEO Hardik Shah expects strong market growth for the next two decades, though pricing instability and limited acceptance of brown paper remain challenges. The New Education Policy (NEP) is expected to boost printing demand gradually.