The import of machines for moulding articles in pulp, paper, and board to India shows a steady forecasted increase from 2024 to 2028. Actual data for 2023 stands at approximately $17.8 million USD. From 2024 to 2028, the projected year-on-year growth varies, with an increase of about 4.9% in 2025 and incrementally rising to 4.0% by 2028. The compounded annual growth rate (CAGR) over this five-year forecast period stands at approximately 4.5%.
Future trends to watch:
- Technological advancements in moulding machinery could influence import values.
- Changes in demand for eco-friendly packaging could drive further import growth.
- Government policies might impact trade dynamics and import tariffs.
- Monitoring global economic conditions that affect machine manufacturing costs and trade policies will be crucial.
