The plastics market in Romania displayed a progressive growth trend over the past decade, reaching a volume of 1202 million kilograms in 2023. Noteworthy growth years included 2015 and 2016, with substantial year-on-year increases of 7.39% and 11.7%, respectively. Conversely, 2019 saw a modest decline of 2.01%. Over the last five years, the market experienced an average annual growth (CAGR) of 2.36%, underscoring steady market expansion, despite occasional fluctuations.
Looking ahead, critical trends to monitor include advancements in sustainable plastics, regulatory impacts on plastic usage, and technological innovations driving efficiency, to anticipate market adjustments. Additionally, shifts in consumer preferences towards eco-friendly materials may influence future market dynamics.
How does Romania rank in Plastics Market Size Volume?
| # | 14 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 11,070,000,000 | 2023 | +1.5% | +1.24% | View data |
| 2 | 2 France | 5,987,000,000 | 2023 | +0.094% | -0.98% | View data |
| 3 | 3 Spain | 3,829,200,000 | 2023 | -0.79% | +2.24% | View data |
| 4 | 4 United Kingdom | 2,985,000,000 | 2023 | -1.42% | -1.71% | View data |
| 5 | 5 Romania | 1,202,000,000 | 2023 | +2.76% | +2.36% | |
| 6 | 6 Hungary | 1,140,300,000 | 2023 | +3.27% | +2.33% | View data |
| 7 | 7 Portugal | 1,071,900,000 | 2023 | +1.15% | +2.03% | View data |
