The import of Blow Moulding Machines for Rubber or Plastic to India saw a significant forecast increase from $53.617 million in 2024 to $61.167 million in 2028, indicating a steady year-on-year growth ranging from approximately 3.6% to 3.8%. The forecasted Compound Annual Growth Rate (CAGR) over this five-year period is calculated to be around 3.8%. As we are in 2024, it's essential to note the actual value for 2023, which was $51.74 million, resulting in a projected growth of 3.63% from 2023 to 2024.
Future trends to watch for include technological advancements in blow molding machinery, regulatory changes, and shifts in demand for rubber and plastic products. Additionally, monitoring global supply chain dynamics and the impact of economic policies will provide insights into potential variations in import volumes and values.