Plastics production value in Austria in 2023 stood at 7.8 Billion Euros. Over the past decade, the value has seen fluctuations with a significant decline between 2019 and 2020, followed by a recovery phase. The year-on-year variation for 2022 was 7.4%, and for 2023, it was 4.88%. The Compound Annual Growth Rate (CAGR) for the past five years until 2023 was -0.87%. Notably, the trend over the last two years indicates a relative stabilization with minor growth.

Forecasts for the period 2024 to 2028 predict a gradual increment with a five-year CAGR of 0.42%, reflecting a forecasted growth rate of 2.14%. By 2028, the value is expected to reach 8.04 Billion Euros.

Future Trends to Watch For:

Shifts due to environmental regulations impacting plastic production and recycling habits.
Technological advancements and innovations in sustainable materials.
Economic factors, including global supply chain dynamics and market demand.