The import of moulds for glass to India is projected to grow steadily from 2024 to 2028, with the volume reaching from 209.4 to 231.08 thousand kilograms. In 2023, the actual volume stood at a lower level, marking a continuous forecasted growth trajectory in subsequent years. Anticipated year-on-year growth percentages are moderate, with a consistent increase around 2.5%. This signals a healthy demand trajectory, primarily driven by the growing glass manufacturing sector in India. The compound annual growth rate (CAGR) over the five-year forecast period is indicative of sustained, modest expansion.
Future trends to watch for include technological advancements in glass manufacturing, changes in import regulations, and fluctuations in domestic production capabilities. These factors may impact the demand and import of moulds, influencing overall market dynamics.
