The forecast for the import of filter paper and paperboard to India indicates a steady decline from 1.7548 million kilograms in 2024 to 1.558 million kilograms by 2028. In 2023, imports were lower than in 2024, which marks the beginning of this forecast period. The year-on-year decrease is consistent, reflecting negative growth in import volumes.
Key Trends Over the Forecast Period:
- A moderate decline in import volumes is anticipated over the next five years, evidenced by the decreasing values projected annually.
- The compound annual growth rate (CAGR) for the period from 2024 to 2028 is negative, suggesting a gradual decrease in import dependency.
Future market dynamics to observe include changes in domestic production capabilities, shifts in global supply chain efficiencies, and potential shifts in demand for sustainable packaging solutions, which may alter import patterns.
