In Denmark, the plastics production value experienced significant growth from 2013 to 2018, peaking at 68.9 million Euros in 2019. From 2020 onwards, the industry faced a decline with a slight contraction settling at 65.7 million Euros in 2023. The year-on-year variation over the last two years shows a gradual decline of -0.3% in 2022 and -0.45% in 2023. The compounded annual growth rate (CAGR) for the past five years stands at -0.86%. Forecasts predict a continued slight decrease, with a CAGR of -0.12% from 2023 to 2028, indicating stabilization around 65.1 million Euros by 2028.
Future trends to watch for:
- Impact of regulatory changes on plastic usage and production.
- Advancements in sustainable and biodegradable plastics.
- Increased focus on recycling and circular economy practices.
- Market shifts due to consumer preference towards eco-friendly alternatives.
