The Portuguese plastics market experienced fluctuating trends between 2013 and 2023. Notable growth periods included 2014, with a substantial 12.87% increase, and 2018, with a 14.91% rise. However, the market also faced significant declines, such as in 2016 and 2017. The most recent trend shows stability with a slight 0.46% increase in 2023, standing at 2.1109 billion euros. The five-year CAGR from 2019 to 2023 is 0.29%, indicating modest average growth.
Future trends to watch for include:
- Technological advancements in sustainable plastics.
- Governmental policies influencing plastic usage and recycling.
- Shifts in consumer preferences towards eco-friendly materials.
How does Portugal rank in Plastics Market Size Value?
| # | 17 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 25,852,000,000 | 2023 | +1.02% | +0.1% | View data |
| 2 | 2 Italy | 17,442,000,000 | 2023 | +0.79% | -0.77% | View data |
| 3 | 3 France | 10,700,000,000 | 2023 | +0.31% | +0.27% | View data |
| 4 | 4 Poland | 9,568,200,000 | 2023 | +4.44% | +2.28% | View data |
| 5 | 5 United Kingdom | 7,277,300,000 | 2023 | +0.99% | +1.58% | View data |
| 7 | 7 Czech Republic | 4,251,000,000 | 2023 | +4.73% | +4.06% | View data |
| 8 | 8 Romania | 2,143,500,000 | 2023 | +3.78% | -0.84% | View data |
| 9 | 9 Portugal | 2,110,900,000 | 2023 | +0.46% | +0.29% | |
| 10 | 10 Austria | 1,470,200,000 | 2023 | +2.1% | +0.63% | View data |
| 11 | 11 Denmark | 1,336,000,000 | 2023 | +2.12% | -2.25% | View data |
