The import of not backed aluminium foil to India is forecasted to grow steadily from 2024 to 2028, starting at 60.842 million kilograms in 2024 and reaching 69.392 million kilograms by 2028. In 2023, the actual volume was 58.837 million kilograms. Year-on-year variations highlight a consistent increase, with a projected Compound Annual Growth Rate (CAGR) of approximately 3.35% over the five-year period.
Future trends to watch for include:
- Potential changes in trade policies that could affect import volumes.
- Advancements in domestic aluminium foil manufacturing which might reduce import dependency.
- Market shifts towards sustainable and recyclable materials that could influence future demand.