In 2023, the export of glass and glassware from India stood at 1.0144 billion US dollars. Through 2024, it is forecasted to reach 1.0483 billion US dollars, showing a year-on-year increase of approximately 3.3%. This upward trajectory continues annually with 3.4% growth in 2025, 3.2% in 2026, and 3% in 2027, leading to an export value of 1.1853 billion US dollars by 2028. The compound annual growth rate (CAGR) over the next five years is about 3.2%.
Future trends to watch for:
- Technological advancements in sustainable glass production.
- Increasing global demand for eco-friendly glass products.
- Trade policies and export incentives from the Indian government.
- Potential fluctuations due to geopolitical factors and supply chain disruptions.