The Estonian plastics market has shown a fluctuating, yet overall upward trend in market size value from 2013 to 2023, reaching 254.74 million Euros in 2023. Notably, there were significant growth periods in years like 2017 and 2018, contrasted with declines in 2015, 2019, and 2020. Recent years, 2022 and 2023, have demonstrated modest year-on-year growth of 2.78% and 2.68%, respectively. Over the last five years, the compound annual growth rate (CAGR) has been relatively subdued at 1.06%.
Future trends to watch for:
- Increasing environmental regulations and demand for sustainable materials may drive innovation and shifts in market demand.
- Potential economic fluctuations could impact investment and consumption in the sector.
- Technological advancements in recycling and production efficiency are expected to influence market dynamics.
How does Estonia rank in Plastics Market Size Value?
| # | 17 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 25,852,000,000 | 2023 | +1.02% | +0.1% | View data |
| 2 | 2 Italy | 17,442,000,000 | 2023 | +0.79% | -0.77% | View data |
| 3 | 3 France | 10,700,000,000 | 2023 | +0.31% | +0.27% | View data |
| 4 | 4 Poland | 9,568,200,000 | 2023 | +4.44% | +2.28% | View data |
| 5 | 5 United Kingdom | 7,277,300,000 | 2023 | +0.99% | +1.58% | View data |
| 15 | 15 Greece | 714,430,000 | 2023 | +2.22% | +3.67% | View data |
| 16 | 16 Croatia | 471,970,000 | 2023 | +1.8% | +1.48% | View data |
| 17 | 17 Estonia | 254,740,000 | 2023 | +2.68% | +1.06% | |
