Posted On: 2020-10-14
Educational segment acquired the largest revenue share in the overall India Notebook & Copier market in 2019 – 6Wresearch
India Notebook & Copier market is expected to witness a significant growth in the coming years owing to the growing urban population, increasing adult literacy rate, the rising importance of education in rural areas, and construction of both private and public educational institutions across the country. Furthermore, increasing FDI in India and increasing government spending in the education sector, along with initiatives such as Unnat Bharat Abhiyan and Pradhan Mantri Kaushal Vikas Yojana (PMKVY), the demand for notebook and copier paper would rise in the coming years
According to 6Wresearch, India Notebook & Copier Market size is projected to grow at a CAGR of 6.0% during 2020-26F. The market witnessed a decline during the first half of 2020 since all the schools, colleges and the majority of offices were shut due to the pandemic of Coronavirus. However, the market is expected to regain its momentum in the upcoming months owing to the relaxation provided in the lockdown measures and reopening of several public/private organizations in the country
According to Akshay Kumar, Research Associate, Research and Consulting, 6Wresearch, On the basis of application, the educational sector accounted for the highest share in India notebook & copier market due to the high consumption of notebook & copier paper by the students and the increasing enrollment in schools, improving literacy rate, government initiatives to improve the quality of education and rising FDI in education is steering the growth in the Indian education sector which in turn would increase the demand for notebook and copier paper in the region.
According to Mansi Bisht, Research Analyst, Research and Consulting, 6Wresearch, “By notebook size, A4 size has registered the highest revenue share in overall India notebook market in 2019 due to the standard size of notebook which is quite popular and widely used among the students. Further, on the basis of GSM type, 67-72 GSM paper dominated the market for copier paper in 2019 and the same trend is expected to be seen during the forecast period since this type is the most economical choice and offers the best quality in the minimal price.
Some of the major companies in India Notebook & Copier market include JK Paper, Century Paper, ITC, Navneet Education Ltd, Trident Ltd, West Coast Paper and Trident Ltd.
"India Notebook & Copier market (2020-2026)" provides an in-depth analysis with 47 figures covered in 114 pages. The report estimates and forecasts the overall India Notebook & Copier market by types, applications, Size, and regions. The report provides an unbiased and detailed analysis of the India Notebook & Copier market on-going trends, outlook, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.