The imports of moulded or pressed articles of paper pulp to India are forecasted to rise steadily from 2024 to 2028. In 2023, this figure stood at 2.24 million US Dollars. From the forecast data, there is an anticipated year-on-year growth of approximately 3.44% from 2024 through 2028. Observing the past five-year CAGR, the average annual growth rate is expected at 3.47%.
Future trends to watch:
- Increasing demand for sustainable packaging can drive higher imports of moulded paper products.
- India's regulatory focus on reducing plastic usage may further boost this market segment.
- Potential fluctuations in the global paper pulp market could influence import costs and volumes.
