The forecast for the import of agricultural sprays and powder dispersers to India shows steady growth from 2024 to 2028. The figures reveal an increase in import value from $120.79 million in 2024 to $138.86 million in 2028. Assuming a stable market environment, the yearly growth rate indicates a consistent year-on-year increase in import value.
Year-on-Year Variation:
- 2024 to 2025: 3.85%
- 2025 to 2026: 3.63%
- 2026 to 2027: 3.44%
- 2027 to 2028: 3.25%
The Compound Annual Growth Rate (CAGR) over the 5-year forecast is approximately 3.54%, reflecting a sustainable increase in demand for these products.
Future Trends to Watch:
- Technological innovation in agricultural practices could drive demand for advanced dispersers.
- Government policies on agricultural inputs and sustainability may influence future import trends.
- Market fluctuations related to trade agreements and economic conditions should also be closely monitored.
