The import of rubber waste, parings, and scrap into India has witnessed steady growth from 2024 to 2028, reflecting an upward trend after actual data indicated a value of $47.5 million in 2023. Notably, the year-on-year growth from 2024 to 2028 consistently ranges between 4.6% to 4.9%, highlighting significant demand in the Indian market. The compound annual growth rate (CAGR) for this period is projected to be around 4.9%, indicating a robust market trajectory.
Future trends to watch include:
- Potential regulatory changes affecting rubber imports in India.
- Technological advancements in recycling and reuse of rubber waste.
- Emerging markets for rubber-derived products that could increase demand.
- Fluctuations in global rubber prices impacting import costs.
