The turnover for plastic products in Sweden displayed a consistent increase from 2013 to 2023, rising from 3.81 Billion Euros to 4.44 Billion Euros. The yearly growth fluctuated between negative and positive values, with the highest observed from 2020 to 2021 at 4.24%. The period from 2013 to 2018 had moderate growth with a few dips, but since 2019, the increase has been steadier and more consistent. The Compound Annual Growth Rate (CAGR) highlights these trends, with a noticeable improvement in the five-year CAGR reaching 1.61% by 2023.
Notably, 2023 registered a turnover of 4.44 Billion Euros, underlining the stable growth trajectory. Moving forward, the period from 2024 to 2028 is forecasted to maintain similar positive momentum, with an expected five-year growth rate of 5.08% and a forecasted CAGR of 1%.
Future trends to watch for include advancements in sustainable and biodegradable plastics, regulatory changes aiming at reducing plastic waste, and innovations in recycling technologies. These factors may significantly impact production processes, cost structures, and overall market dynamics.
