The forecast for the import of films with a width exceeding 105 mm but not exceeding 610 mm to India indicates a declining trend from 2024 to 2028, with quantities decreasing from 164.05 to 155.15 thousand kilograms. In 2023, the actual import volume was 166.34 thousand kilograms. From 2024 onward, year-on-year reductions suggest a consistent decline of around 1.5 percent annually. Over the five-year period, the compound annual growth rate (CAGR) is approximately negative 1.08 percent, reflecting a steady, moderate decline.
Future trends to watch for include:
- The potential impact of technological advancements on film materials and their usage in various industries.
- Growing environmental concerns could shift demand towards more sustainable options, affecting traditional film imports.
