Based on the provided data, the import of waste and scrap of paper and paperboard to India is projected to increase from 1.5621 billion USD in 2024 to 1.8197 billion USD in 2028. This represents a steady year-on-year growth in imports. In 2023, the import value stood at 1.5 billion USD, indicating a continuing upward trend. The year-on-year growth rates from 2025 to 2028 are approximately 4.25%, 3.99%, 3.76%, and 3.56%, respectively. The Compound Annual Growth Rate (CAGR) over the five-year period is around 3.93%, reflecting consistent growth in imports.
Future trends to watch for:
- Increasing domestic demand for recycled paper and sustainable packaging solutions.
- Global waste management policies and their impact on recycling and export activities.
- Technological advancements in the recycling industry, enhancing efficiency and capacity.
- Fluctuations in international trade policies and economic conditions affecting import costs.
