Key Market Indicators
The plastic packaging market in the Philippines is set to reach $727 million by 2026, up from $605 million in 2021. This represents an average annual growth rate of 3.7% since 2001. The country ranked 27th in the world for plastic packaging imports in 2021, with Hungary leading the way at $500 million. Germany, France, and Mexico followed in the 2nd, 3rd, and 4th spots. Meanwhile, exports of plastic packaging from the Philippines are projected to reach $107 million by 2026, up from $105 million in 2021. This represents a slight 0.4% average annual decrease since 2001. The Philippines ranked 54th for plastic packaging exports in 2021, with Costa Rica taking the lead at $105 million. The US, Germany, and France came in 2nd, 3rd, and 4th respectively.
