In 2023, Italy led Europe with 437 high-growth enterprises in the plastics products sector, followed by Hungary and the Czech Republic. Notable year-on-year growth was observed in Hungary, up 9.41%, and Latvia, up 6.47%. In contrast, the Czech Republic experienced a 2.73% decline, with Romania also slightly decreasing by 1.94%. Over the past five years, the average growth in this sector has been consistent, with modest fluctuations across countries.
Looking ahead, continuous innovation and sustainable practices in the plastics industry could influence growth patterns. Countries investing in green technologies and recyclability are likely to see more high-growth enterprises.
Top countries in Number of High Growth Enterprises in Plastics Products by Country
| # | 9 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 437 | 2023 | +7.64% | +0.28% | View data |
| 2 | 2 Hungary | 243 | 2023 | +15.17% | +9.41% | View data |
| 3 | 3 Czech Republic | 148 | 2023 | +2.07% | -2.73% | View data |
| 4 | 4 Portugal | 106 | 2023 | +4.95% | +1.38% | View data |
| 5 | 5 Slovakia | 78 | 2023 | +9.86% | +0.52% | View data |
| 6 | 6 Romania | 68 | 2023 | +6.25% | -1.94% | View data |
| 7 | 7 Lithuania | 51 | 2023 | +4.08% | +2.53% | View data |
| 8 | 8 Latvia | 26 | 2023 | +8.33% | +6.47% | View data |
| 9 | 9 Norway | 8 | 2023 | +14.29% | 0% | View data |
