The production of plastic sacks and bags in Finland has shown significant variability over the years. Between 2013 and 2023, production values ranged from a low of 672 thousand kilograms in 2014 to a high of 54,219 thousand kilograms in 2023. Key points of fluctuation include a drastic rise from 2015 to 2016 by 354.49%, followed by a stabilization and then a major surge of 511.36% from 2017 to 2018. From 2020, production contracted by 14.7%, followed by a decline of 22.57% in 2021, but it rebounded with 104.06% increase in 2022 and further by 33.41% in 2023. The most recent 5-year Compound Annual Growth Rate (CAGR) stood at 23.34% in 2023.
Future trend analysis indicates a steady increase, with forecasts suggesting a CAGR of 11.43% from 2024 to 2028, leading to an estimated production of 114,130 thousand kilograms by 2028, reflecting a total growth rate of 71.77% over the period. This forecast suggests continued industry expansion and potential market growth fueled by demand and possibly new production technologies.
Future trends to watch for:
- Impact of environmental regulations on plastic production and potential shifts to biodegradable materials
- Technological advancements in recycling and production efficiencies
- Market demand fluctuations driven by consumer preferences and economic factors
