In 2023, India's import of flexible plastic tubes or hoses not reinforced and without fittings was estimated at 2.4374 million kilograms. Looking forward, the forecast indicates a steady increase in import volume through 2028. Year-on-year growth from 2024 to 2025 is projected at 3.4%, with subsequent annual increments of similar magnitude, leading to an average compound annual growth rate (CAGR) of approximately 3.1% from 2024 to 2028.
Future trends to watch:
- Logistical advancements and cost reductions in the supply chain could impact import volumes.
- Government policies related to environmental sustainability and plastic usage might alter demand patterns.
- Technological innovations and the rising demand for flexible packaging solutions in various industries will likely drive imports.