The plastics market volume in Bulgaria demonstrated substantial growth from 2013 to 2023, reaching 663.75 million kilograms in 2023. Over the decade, the market experienced fluctuations, with significant growth in 2017, a slight decline in 2020, and a moderate upward trend in recent years. From 2018 to 2023, the compound annual growth rate (CAGR) was 5.46%. Over the last two years, the market grew steadily, with year-on-year increases of 4.81% in 2022 and 4.55% in 2023, reflecting consistent demand.
Looking ahead, future trends to watch include the impact of sustainability initiatives and regulatory changes on plastic consumption, advancements in recycling technologies, and shifts in consumer preferences towards eco-friendly materials which could influence market dynamics significantly.
How does Bulgaria rank in Plastics Market Size Volume?
| # | 14 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 11,070,000,000 | 2023 | +1.5% | +1.24% | View data |
| 2 | 2 France | 5,987,000,000 | 2023 | +0.094% | -0.98% | View data |
| 3 | 3 Spain | 3,829,200,000 | 2023 | -0.79% | +2.24% | View data |
| 4 | 4 United Kingdom | 2,985,000,000 | 2023 | -1.42% | -1.71% | View data |
| 5 | 5 Romania | 1,202,000,000 | 2023 | +2.76% | +2.36% | View data |
| 6 | 6 Hungary | 1,140,300,000 | 2023 | +3.27% | +2.33% | View data |
| 7 | 7 Portugal | 1,071,900,000 | 2023 | +1.15% | +2.03% | View data |
| 8 | 8 Bulgaria | 663,750,000 | 2023 | +4.55% | +5.46% | |
| 9 | 9 Finland | 647,640,000 | 2023 | +1.57% | -1.32% | View data |
| 10 | 10 Denmark | 599,390,000 | 2023 | -3.15% | -2.77% | View data |
