The Danish plastics market has seen fluctuations over the past decade. From 2012 to 2015, the market showed moderate growth, peaking at €1.4867 billion in 2015. However, after 2016, the market faced a decline, with significant drops in 2019 and 2020. A slight recovery was observed in 2022 with a 4.88% year-on-year increase, culminating at €1.2858 billion. Despite this uptick, the 5-year CAGR has been negative at -2.29%, signaling a trend of general decline.
Notably, since 2021, the market has shown a consistent trend of decline, followed by an attempt at recovery in 2022. Analyzing the last two years, 2021 had a -2.03% variation while 2022 saw a positive growth of 4.88%.
Future trends to watch for include potential recovery trajectories driven by innovations in biodegradable plastics and increased recycling norms. The impact of sustainability initiatives and regulatory changes aimed at reducing plastic waste will be critical to market dynamics in the coming years.
How does Denmark rank in Plastics Market Size Value?
| # | 17 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 25,852,000,000 | 2023 | +1.02% | +0.1% | View data |
| 2 | 2 Italy | 17,442,000,000 | 2023 | +0.79% | -0.77% | View data |
| 3 | 3 France | 10,700,000,000 | 2023 | +0.31% | +0.27% | View data |
| 4 | 4 Poland | 9,568,200,000 | 2023 | +4.44% | +2.28% | View data |
| 5 | 5 United Kingdom | 7,277,300,000 | 2023 | +0.99% | +1.58% | View data |
| 9 | 9 Portugal | 2,110,900,000 | 2023 | +0.46% | +0.29% | View data |
| 10 | 10 Austria | 1,470,200,000 | 2023 | +2.1% | +0.63% | View data |
| 11 | 11 Denmark | 1,336,000,000 | 2023 | +2.12% | -2.25% | |
| 12 | 12 Finland | 1,155,000,000 | 2023 | +0.95% | +0.71% | View data |
| 13 | 13 Bulgaria | 1,051,800,000 | 2023 | +3.27% | +3.3% | View data |
