The Polyethylene Terephthalate (PET) market in Portugal has shown a fluctuating growth pattern from 2013 to 2023, culminating at approximately 106.72 million kilograms in 2023. Notable year-on-year variations reflect a mix of expansion and contraction, with significant growth in 2021, followed by a decrease in 2022, and a moderate recovery in 2023. Over the last five years, the CAGR was 5.46%, indicating a moderate average annual growth.
Future trends to watch for include potential impacts of environmental policies aimed at reducing plastic use, technological advancements in recycling facilities, and shifts in consumer behavior towards sustainable materials, which could influence PET demand.
