The output value of rubber and plastic products manufacturing in the Netherlands has shown significant growth, reaching 12.79 Billion Euros in 2023 from 7.78 Billion Euros in 2013. Analyzing the last two years, the industry experienced a notable increase in 2022 with a year-on-year growth of 12.44%, followed by a more modest rise of 4.03% in 2023. Over the past five years (2019-2023), the compound annual growth rate (CAGR) has been robust at 6.36%, reflecting a strong upward trend in the industry.
Key trends over the forecast period (2024-2028) indicate a slower but steady growth trajectory, with an expected forecast 5-year CAGR of 2.76%. The industry is projected to grow by 14.56% by 2028, suggesting continued positive momentum but at a reduced growth rate compared to previous years.
Future trends to watch for:
- Increased focus on sustainability and recycling within the rubber and plastic products manufacturing sector.
- Implementation of advanced manufacturing technologies, including automation and digitalization.
- Potential regulatory changes impacting raw material usage and environmental impact.
- Market responses to global supply chain disruptions and geopolitical factors.
