In 2023, the plastics production value in Norway stood at 351.0 million Euros. The forecasted data indicates a consistent decline in the coming years:
- 2024: 327.2 million Euros (-6.78% YoY)
- 2025: 305.0 million Euros (-6.79% YoY)
- 2026: 282.9 million Euros (-7.25% YoY)
- 2027: 261.1 million Euros (-7.71% YoY)
- 2028: 239.5 million Euros (-8.25% YoY)
The average annual decline (CAGR) from 2024 to 2028 is approximately -6.98%.
Future trends to watch for include advancements in plastic recycling technologies, shifts toward biodegradable alternatives, regulatory changes favoring environmental sustainability, and fluctuations in global oil prices that impact raw material costs for plastic production.
