The forecasted import values of non-expandable polystyrene to India show a consistent upward trend from 2024 to 2028. From an actual value of approximately $56 million in 2023, there is a projected steady increase with a compound annual growth rate (CAGR) of about 3.58% over the five-year forecast period. Notably, year-on-year growth rates reflect a modest yet positive trend, underscoring an enduring demand for this material in the Indian market.

Future trends to watch for include:

Potential shifts in demand due to environmental regulations affecting plastic usage.
Technological advancements that may alter production or material efficiency.
Economic factors impacting import costs, such as currency fluctuations or trade policies.