The import of corrugated paper and paperboard to India has shown a consistent decline from 2013 to 2023, falling from 1.7651 million kilograms in 2013 to 0.23239 million kilograms in 2023. The data from recent years indicates a declining trend, with significant year-on-year decrease noted in 2022 at -8.28% and in 2023 at -8.85%. This trend is forecasted to continue with an estimated 5-year CAGR forecast at -11.21%, projecting a total decline of approximately 44.83% by 2028.
Future trends to watch:
- Exploration of alternative materials to paperboard and focusing on eco-friendly packaging solutions.
- Impact of global trade regulations and domestic policies on import activities.
- Technological advancements in packaging materials could potentially influence demand dynamics.
- Shifts in consumer preferences towards sustainability may decrease reliance on imported materials.
