Wrapping Papers Market Overview in India
In value terms, wrapping papers production dropped to $ in estimated in export prices. Over the period under review, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2010 when the production volume increased by % y-o-y. Over the period under review, production hit record highs at $ in 2019, and then reduced in the following year.
The revenue of the wrapping papers market in India declined notably to $ in , shrinking by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a abrupt setback. The pace of growth was the most pronounced in 2010 with an increase of % year-to-year. Wrapping papers consumption peaked at $ in 2017; however, from 2018 to , consumption failed to regain the momentum.