Germany leads the European plastic packaging goods market with a turnover of 13.45 billion Euros, followed by France and Italy with 10.04 and 9.94 billion Euros respectively. Spain and Poland exhibit strong growth with turnovers of 6.35 and 6.33 billion Euros. Despite Brexit, the UK remains significant with 4.74 billion Euros, followed by Belgium and Austria. Smaller markets like Lithuania and Bulgaria show notable variances, with Lithuania experiencing 3.3% growth. Conversely, Bulgaria and Finland see declines. Noteworthy performances include Serbia with a 6.09% increase and Slovakia at 4.77%.
Future trends to watch for include sustainability initiatives driving change in production processes and increasing demand for eco-friendly packaging. Digitalization and innovation in packaging technologies will likely shape the market dynamics, providing opportunities for smaller countries to challenge established leaders. Monitoring EU regulations and consumer preferences will be crucial for market adaptation and growth.
Top countries in Plastic Packaging Goods Turnover by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 13,450 | 2023 | +2.82% | +2.4% | View data |
| 2 | 2 France | 10,040 | 2023 | +2.09% | +1.91% | View data |
| 3 | 3 Italy | 9,940 | 2023 | +1.46% | +0.78% | View data |
| 4 | 4 Spain | 6,350 | 2023 | +2.51% | +2.43% | View data |
| 5 | 5 Poland | 6,330 | 2023 | +4.06% | +3.11% | View data |
| 6 | 6 United Kingdom | 4,740 | 2023 | +0.28% | +0.79% | View data |
| 7 | 7 Belgium | 2,120 | 2023 | +7.36% | +3.52% | View data |
| 8 | 8 Austria | 1,350 | 2023 | +2.13% | +1.53% | View data |
| 9 | 9 Hungary | 1,070 | 2023 | +1.58% | +1.72% | View data |
| 10 | 10 Greece | 985.9 | 2023 | +2.17% | +2.46% | View data |
