Key Market Indicators
The Philippines' plastic import market is projected to hit $5.35 billion by 2028, a notable increase from $4.52 billion in 2023. This growth represents an average annual increase of 2.7%. Since 2001, the demand for plastic in the Philippines has consistently risen, with an average yearly growth rate of 3.5%. On the export front, the Philippines is expected to see its plastic exports reach $1.17 billion by 2028, up from $1.02 billion in 2023. This indicates a compound annual growth rate (CAGR) of 2.2%. The supply of plastic from the Philippines has also seen steady growth since 2001, with an average annual increase of 2.3%.
