The turnover in the Plastics and Synthetic Rubber sector in Denmark showed significant growth between 2013 and 2018, with the value increasing from 396.0 million Danish Krones in 2013 to 653.6 million Danish Krones in 2018. From 2018 to 2023, the turnover stabilized, hovering around the 600 million mark, ending at 633.7 million in 2023. The annual growth rate from 2018 to 2023 averaged a slight decrease of 0.62%. Looking ahead, the forecast suggests modest growth, with a compound annual growth rate (CAGR) of 0.67% from 2023 to 2028, leading to a turnover of 660.8 million Danish Krones by 2028.
Key variations highlight:
- 2016: Increased by 10.53%
- 2017: Increased by 14.05%
- 2020: Decreased by 7.09%
- 2022: Increased by 0.88%
- 2023: Increased by 0.88%
Future trends to watch for include the impact of regulatory changes aimed at reducing plastic waste, technological advancements in synthetic rubber production, and the sector's shift towards sustainable and bio-based alternatives. Additionally, global economic conditions and trade policies may influence the sector’s performance.
