The import of paper and paperboard coated, bleached, impregnated, or covered with plastics and weighing more than 150 g/m² to India was estimated at 15.2 million kilograms in 2023. The forecasted figures indicate a positive trend with incremental growth annually from 2024 to 2028, reaching 19.091 million kilograms. Year-on-year growth rates illustrate a steady increase: 4.90% (2024), 4.90% (2025), 4.59% (2026), 4.31% (2027), and 4.03% (2028). The compound annual growth rate (CAGR) for the period from 2024 to 2028 stands at approximately 4.75%.
Future trends to watch for include:
- Increased demand driven by the packaging industry's expansion in India.
- Potential shifts due to environmental regulations affecting plastic use in paperboard products.
- Technological advancements in coatings that might alter import patterns.