In 2023, the import of Polystyrene Waste or Scrap to India stood at a notably lower value compared to the forecasted figures for 2024 onwards. The forecast indicates a steady increase: from 60.0 thousand USD in 2024, growing by 1.18% to 60.71 thousand USD in 2025, a further 1.14% increase to 61.4 thousand USD in 2026, a 1.11% rise to 62.08 thousand USD in 2027, and another 1.08% lift to 62.75 thousand USD by 2028.

The Compound Annual Growth Rate (CAGR) over the five-year forecast period is approximately 1.1%, suggesting a consistent albeit modest increase in imports.

Future trends to watch for include:

The impact of environmental regulations on the importation of polystyrene waste or scrap.
Technological advancements in recycling and repurposing polystyrene, potentially affecting import volumes.
Shifts in global trade policies and market dynamics influencing India's import strategies.