The import of polystyrene waste or scrap to India stood at 36.85 thousand kilograms in 2023. The forecasted data indicates a gradual rise from 36.93 thousand kilograms in 2024 to 37.32 thousand kilograms in 2028. This reflects a minimal year-on-year increase of approximately 0.27%, with a compound annual growth rate (CAGR) of around 0.31% over the five-year period from 2024 to 2028. This suggests a stable but slow growth trend.
Future trends to watch for include:
- Potential changes in environmental regulations impacting waste imports.
- Technological advancements in recycling processes that could alter demand.
- Fluctuations in domestic polystyrene production affecting import needs.
