From 2013 to 2023, the plastics production value in France experienced fluctuations, peaking at 8.28 billion euros in 2016, then declining significantly to 5.25 billion euros in 2020. The value saw a recovery in 2021 and continued its upward trend, reaching 6.57 billion euros in 2023. The average annual variation over the past five years (CAGR) was -0.51%. Forecasts predict a stable value of 6.57 billion euros for the years 2024 and 2025, with a slight increment to 6.59 billion euros by 2028, indicating a forecasted CAGR of 0.05%.
Future trends to watch for:
- Potential impact of environmental regulations and sustainability initiatives on production processes.
- Technological advancements and innovations in plastic production.
- Fluctuations in raw material prices and their effect on production costs.
- Shifts in global demand and competition within the plastic industry.
