In 2023, the import of machines for making paper and board boxes (excluding moulded) into India stood at 54.309 million USD. The forecasted data for 2024 to 2028 indicates a steady increase, with values rising from 56.761 million USD in 2024 to 66.293 million USD by 2028. This consistent growth reflects an underlying year-on-year increase of approximately 3.3% to 3.5%. The compound annual growth rate (CAGR) for the 2024–2028 period is projected to be around 3.5%.
Future trends to watch for include technological advancements in machinery, the impact of sustainable packaging practices, and changing trade policies affecting machinery imports. Observing these factors can provide insights into potential shifts in market dynamics and further growth opportunities for machinery imports.
