The export of pigments for paints and dyes packaged for retail from India has shown varied performance over the last decade. From 2013 to 2018, the sector experienced significant fluctuations with notable declines in 2015, 2017, and 2018. The year-on-year variations ranged widely, with the largest decline of -19.71% in 2018. However, since 2019, there has been a more stabilized trend. The forecast indicates moderate growth from 2023 onwards, with the CAGR from 2023 to 2028 estimated at approximately 1.63%.
Looking ahead, it will be essential to monitor global demand for eco-friendly and sustainable pigments, advancements in technology for pigment production, and India's trade relations. Investments in R&D and the implementation of environmentally responsible manufacturing processes could further enhance India's competitive edge in the global market.
