The production of plastic packing goods in Spain has shown a general upward trend from 2013 to 2023, rising from 885.24 million kilograms to 1342.5 million kilograms. Over these years, there were fluctuations, with noticeable declines in 2018 and 2020, followed by strong recoveries in subsequent years. The year-on-year change for 2023 was a modest 2.64%, indicating steady growth. Over the last five years, the compound annual growth rate (CAGR) averaged 3.94%.
Looking forward, the forecast for 2024-2028 suggests continued, albeit slower, growth with a forecasted five-year CAGR of 1.86%, culminating in an increase of 9.68% by 2028. It is expected that by 2028, production will reach approximately 1509.9 million kilograms.
Trends to watch include the impact of environmental regulations on plastic production, technological advancements in sustainable packing solutions, and market demand shifts towards more eco-friendly materials. These factors could significantly influence overall production volumes and growth rates in the coming years.
