The packaging industry in India is the fifth largest sector in the country's economy and is growing at a compound annual growth rate (CAGR) of 22โ25%.
India's smartwatch market has been growing rapidly, becoming the world's largest in 2022. The market is expected to grow at a compound annual growth rate of 64.7% from 2023 to 2029, reaching $120.9 billion by 2032.
CAGR vs. Simple Percentage Change: Key Difference
When analyzing growth, it's important to choose the right metric. Here's a quick breakdown:
Simple Percentage Change
- Measures the total growth between two points.
- Useful for short-term comp
The pan masala market in India is expected to grow at a compound annual growth rate (CAGR) of 4.4% from 2024โ2032, reaching a revenue of 623,619 crore by 2032.
The lithium-ion battery market is projected to expand from USD 1.43 billion in 2023 to USD 5.62 billion by 2030, with a compound annual growth rate (CAGR) of 23.0%.
The edible oil market in India was 24.7 million tons in 2023. The market is expected to grow at a compound annual growth rate (CAGR) of 1.35% from 2024 to 2032.
The Indian sanitaryware market was valued at USD 338.59 Million in 2024 and is projected to reach USD 508.45 Million by 2030, with a compound annual growth rate (CAGR) of 7.01%.
The Indian fast food market is expected to grow at a compound annual growth rate (CAGR) of 7.3% from 2022 to 2028. The market is expected to reach USD 47,768.4 million by 2028.
