The Rubber and Plastics Products Manufacturing output in the Netherlands reached 12.79 billion Euros in 2023. From 2013 to 2019, the industry experienced moderate growth, averaging a yearly increase in value. The year 2020 saw a 2% decline, but growth resumed robustly from 2021 onwards, peaking with an 18.17% increase in 2021 and continuing with a 12.44% rise in 2022. The growth rate lowered to 4.04% in 2023, marking a return to moderate expansion. From 2024, the forecasts predict a steady increase, culminating in an expected value of 15.23 billion Euros by 2028, with an annual average growth rate of 2.77% over the forecast period.
Future trends to watch for include:
- Technological advancements in manufacturing processes.
- Increasing demand for sustainable and eco-friendly plastics.
- Regulatory impacts and market shifts towards greener practices.
- Potential economic impacts from global market conditions and trade policies.
