The import of flexographic printing machinery to India has shown significant variation over the past decade. In 2023, the volume stood at 1,904.6 thousand kilograms. From 2013 to 2023, the changes have displayed both notable peaks and troughs. For instance, the year 2018 witnessed a remarkable growth of 69.91%, while in 2020, imports decreased by 12.79%. The most recent years show a more moderate increase of 4.43% in 2022 and 4.15% in 2023. The Compound Annual Growth Rate (CAGR) from 2018 to 2023 is 2.31%, pointing to a gradual yet steady increase over the past five years.
Future forecasts predict a continued upward trend in the import of flexographic printing machinery, with an average annual growth rate of 2.97% over the next five years, culminating in a 15.76% increase by 2028. The projections suggest a continued steady demand for these machines in India, reflecting ongoing industrial growth.
Future trends to watch for include:
- Evolving printing technologies that might influence the demand for flexographic machinery.
- Economic and regulatory changes in India impacting import policies.
- Market dynamics influenced by regional and global supply chain shifts.
