The playing cards market in India has experienced fluctuating trends from 2013 to 2023. The market saw a decline from 2013 to 2015, followed by substantial growth in 2016. Over the next years, the market continued to grow steadily, reaching a size of $31.242 million in 2023. The year-on-year growth rate has stabilized around 3-5% in recent years, with a Compound Annual Growth Rate (CAGR) of 4.36% from 2018 to 2023. Future forecasts until 2028 predict a continued upward trend with a CAGR of 2.57%, leading to a 13.51% overall growth.
Looking towards future trends, there are a few key areas to monitor:
- Adoption of digital gaming and its impact on physical playing card sales.
- Influence of cultural trends and social gatherings on market demand.
- Product innovations, including premium and customized card sets.
- Expansion of the playing cards market into rural areas and smaller towns.
