Key Market Indicators
The Spanish Plastic Packaging market is projected to reach €6.8 billion by 2026, up from €6.2 billion in 2021. The average year-on-year growth rate is estimated at 1.8%. Since 2013, the Spanish market has grown at an average rate of 4.9% year-on-year. In 2021, Spain ranked fourth with €6.2 billion in sales, behind France, Italy and Spain. In terms of exports, Spain is expected to reach $1.65 billion by 2026, up from $1.45 billion in 2021, with a CAGR of 2.3%. Since 1994, Spanish exports have grown at an average rate of 6.2% year-on-year. In 2021, Spain ranked 12th with $1.45 billion, behind the UK. The US, Germany and France ranked second, third and fourth respectively. Imports to Spain are projected to reach $1.57 billion by 2026, up from $1.4 billion in 2021, with an average year-on-year growth rate of 1.9%. Since 1994, Spanish demand has grown at an average rate of 4.1% year-on-year. In 2021, Spain ranked 11th with $1.4 billion, behind Italy. Germany, France and Mexico ranked second, third and fourth respectively.
