In 2023, imports of film with a width exceeding 105 mm but not exceeding 610 mm to India stood at a certain value, yet to be determined from historical data. Forecasted figures from 2024 to 2028 show a consistent annual increase in import value, growing from $4.8392 million in 2024 to $4.8484 million in 2028. Each forecasted year increases slightly, demonstrating a stable market with minimal year-on-year growth percentages.
The Compound Annual Growth Rate (CAGR) over these five years indicates steady but slow growth in the market for this type of film, emphasizing a mature market phase without drastic changes.
Future trends to monitor include:
- Technological advancements in film production affecting import needs.
- Policy changes in India impacting import tariffs or regulations.
- Shifts in demand due to changing preferences in packaging and other industries utilizing such films.