Forecast: Import of Plastic Stoppers, Lids, Caps and Other Closures to Turkey

Looking at the historical data from 2013 to 2023, Turkey's import of plastic stoppers, lids, caps, and other closures has shown a general upward trend despite some fluctuations. The volume stood at 12.976 million kilograms in 2023. The year-on-year variation over the last two years shows a moderate increase, with 8.15% in 2022 and 2.62% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years is 3.05%, reflecting steady growth.

Forecast data from 2024 to 2028 suggests a continuing upward trend, with a forecasted 5-year CAGR of 1.99%, indicating steady but modest growth. The total volume is expected to reach approximately 14.67 million kilograms by 2028.

Future Trends to Watch For:

  • Potential impact of sustainability initiatives and regulations on plastic usage.
  • Advancements in alternative materials to plastic closures.
  • Economic and trade dynamics affecting import volumes.
  • Technological innovations in packaging solutions.

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