In 2023, India imported approximately 14.768 million kilograms of sacks and bags with a base width of 40 cm or more. Forecasts show a steady increase in imports from 2024 to 2028, with values growing steadily from 15.405 million kilograms in 2024 to 18.11 million kilograms by 2028. This translates to consistent annual growth, with a year-on-year increase averaging around 4% annually from 2023. Over the five-year forecast period, the compound annual growth rate (CAGR) is projected at approximately 4.2%, indicating a stable upward trend in this market segment.
Future trends to watch for include the impact of global trade policies, changes in demand for environmentally sustainable packaging solutions, and economic factors affecting industrial and consumer demand in India. Additionally, advances in materials technology could reshape the market dynamics for sacks and bags.
