The import of non-cellular sheet or film polymers of ethylene to India is expected to grow steadily over the next five years. From an estimated volume of 49.319 million kilograms in 2024, the projected values show an increase of approximately 3.93% in 2025, 3.69% in 2026, 3.50% in 2027, and 3.31% in 2028. From the historical data we have, in 2023, the import volume stood at around 47 million kilograms. This suggests a consistent upward trend, indicating a compound annual growth rate (CAGR) of around 3.62% over the five-year period.
Future trends to watch for:
- Rising demand in manufacturing sectors seeking sustainable and versatile materials, driving increased import volumes.
- Impact of policy changes regarding plastic and polymer imports in India.
- Technological advancements and shifts in supplier dynamics influencing market share and import trends.