Over the past decade, the turnover for plastic packaging goods in Finland has shown a general decreasing trend. Starting from 2013 with 369.3 million euros, values declined to 342.0 million euros by 2023. There have been years with slight recoveries, such as 2016's 4.81% increase, but these have not offset the overall downward trend. Key variations include a significant drop of 5.58% in 2015 and continuous declines from 2019 onwards.
The year-on-year variation for 2022 was a minor -0.23%, and for 2023 it was -0.2%, showing marginal decreases. Meanwhile, the Compound Annual Growth Rate (CAGR) over the past five years reveals an average annual decline of -0.79%. Looking forward, forecasts indicate a steady but gentle decline, with a predicted CAGR of -0.07% through 2028.
Future trends to watch for include:
- Regulations on plastic use and environmental sustainability practices.
- Innovations in biodegradable and alternative packaging materials.
- Fluctuations in raw material costs and their impact on the industry's profitability.
- Consumer demand shifts towards eco-friendly packaging solutions.