The plastics market size in Portugal reached 1,071.9 million kilograms in 2023. Over the last two years, the market has experienced modest growth with year-on-year increases of 1.17% in 2022 and 1.15% in 2023. Looking at the past five years, the compounded annual growth rate (CAGR) stood at 2.03%, indicating a stable yet moderate upward trend in plastics consumption.
Future trends to watch for:
- Emerging sustainability regulations impacting plastic usage and recycling.
- Rising consumer demand for biodegradable and eco-friendly products.
- Technological advancements in plastic production and recycling methods.
- Potential shifts in industrial demand due to changes in global supply chains.
How does Portugal 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% | |
| 8 | 8 Bulgaria | 663,750,000 | 2023 | +4.55% | +5.46% | View data |
| 9 | 9 Finland | 647,640,000 | 2023 | +1.57% | -1.32% | View data |
