Key Market Indicators
Singapore's plastic imports are projected to surge to approximately $11 billion by 2028, up from around $9.8 billion in 2023. This marks an average annual growth rate of 2%. Since 1994, the nation's demand for plastic has consistently risen by 2.2% each year. Meanwhile, Singapore's plastic exports are expected to climb to about $20.2 billion by 2028, compared to roughly $18 billion in 2023. This represents an average annual growth rate of 1.9%. Over the past three decades, the country's supply of plastic has increased by 2.3% annually.
