The import of reel-fed letterpress printers, except flexographic, to India is projected to decline steadily from 2024 to 2028. From 2023, where the import stood at 15.7 thousand kilograms, the reduction in weight is expected to be: 2024 at 13.96, 2025 at 12.41, 2026 at 10.89, 2027 at 9.4, and 2028 at 7.94. The annual rate of decline indicates a negative trend with notable variations year-on-year. The compound annual growth rate (CAGR) over this five-year period shows a consistent decrease, reflecting shifts in market dynamics or technology adaptation.
Future trends to watch for include:
- Technological advancements in alternative printing methods that may replace traditional reel-fed letterpress printers.
- Policy changes in India impacting import duties or environmental guidelines which could influence import volumes.
- Market demand fluctuation driven by changes in packaging and labeling sectors, which are principal users of these printers.