The import value of handbags made of vulcanised fibre or paperboard to India is projected to rise steadily from $35.627 million in 2024 to $43.019 million by 2028. While 2023 figures are not provided, the forecast indicates a consistent annual growth rate reflecting an increasing demand for these materials. Year-on-year growth percentages suggest a robust market interest, with an approximate CAGR of 4.9% over the five-year period.

Future trends to watch for:

Potential shifts in consumer preference towards sustainable and eco-friendly materials could drive demand.
The impact of economic fluctuations on consumer spending capacity and the luxury goods market.
The influence of domestic policy changes on import tariffs and trade agreements.