The recovered plastic packaging waste in Spain stood at 70.6 units in 2023. From 2013 to 2023, it has shown an overall upward trend with a dip in 2020. The year-on-year increase from 2022 to 2023 was approximately 6.16%. The 5-year Compound Annual Growth Rate (CAGR) forecast stands at 1.71%, indicating moderate growth over this period. The total growth rate forecast from 2023 to 2028 is 8.85%.
Future trends to watch for include:
- Advancements in recycling technology
- Government regulations and policies promoting waste recovery
- Increased consumer awareness and demand for sustainable packaging
- Potential economic fluctuations impacting production and recycling capacities
