Key Market Indicators
India's plastic imports are projected to surge to approximately $21.5 billion by 2028, up from around $18.1 billion in 2023. This marks a compound annual growth rate (CAGR) of 2.8%. Since 1993, the country's demand for plastics has expanded at an annual rate of 3.5%. On the export front, India's plastic exports are expected to reach nearly $10.5 billion by 2028, rising from about $8.9 billion in 2023. This reflects an average annual growth rate of 2.7%. Since 1993, the supply of Indian plastics to global markets has grown at an annual rate of 2.4%.
