The forecast of the plastics turnover in Austria displays a steady upward trend from 2024 to 2028. In 2023, the plastic sector stood at 8.45 billion Euros. The year-on-year variation shows a consistent growth pattern: from 8.67 billion Euros in 2024 (up by 2.60% compared to 2023), 8.93 billion Euros in 2025 (2.96% increase from 2024), 9.18 billion Euros in 2026 (2.80% increase from 2025), 9.42 billion Euros in 2027 (2.62% increase from 2026), to 9.65 billion Euros in 2028 (2.44% increase from 2027). The Compounded Annual Growth Rate (CAGR) over these five years is approximately 2.68%, indicating robust long-term growth.
Future trends to watch for include advancements in sustainable plastic technologies, regulatory changes impacting production and disposal methods, and the influence of global economic conditions on market demand. Staying informed about these can help capitalize on potential opportunities and mitigate risks in the plastics market.
