The forecast for the import of plants used for perfumery or pharmacy to India shows a consistent upward trend. The value stood at $94.672 million in 2024, increasing to $105.82 million by 2028. This growth indicates a compounded annual growth rate (CAGR) of approximately 2.82% over this period. Comparing year-on-year growth, the increase is 3.04% from 2024 to 2025, 2.89% from 2025 to 2026, 2.75% from 2026 to 2027, and 2.61% from 2027 to 2028. This steady increase reflects a sustained demand for these plants in India.
Future trends to watch for include potential changes in global trade policies, fluctuations in the prices of raw materials, and advancements in agricultural technology which may impact supply. Additionally, evolving consumer preferences for natural and organic products could further drive demand in the coming years.
