In 2023, the production value of plastics products in Norway stood at 1.11 billion euros. The forecasted data from 2024 to 2028 indicates a stable production value of 1.11 billion euros each year. With no year-on-year variation, the industry is expected to experience zero growth over this period.
Over the past two years, there has been no fluctuation in the production value. Given this stability, the Compound Annual Growth Rate (CAGR) over the next five years is projected to be 0%.
Future trends to watch for:
- Technological advancements in plastics manufacturing
- Environmental policies impacting production processes
- Market demand shifts towards biodegradable and recyclable plastics
- Global supply chain disruptions
