The production value of plastic packaging goods in France has shown a consistent upward trend over the past decade, standing at 8.83 billion euros in 2023. Starting from 6.71 billion euros in 2013, the production value has generally increased despite some fluctuations. Notable year-on-year variations include significant growth in 2017 (8.63%) and 2018 (6.6%), while there were minor declines in 2016 (-1.13%) and 2020 (-2.53%). The Compound Annual Growth Rate (CAGR) over the last five years up to 2023 is 1.41%. Future forecasts suggest a steady increase, with an expected value of 9.7 billion euros by 2028, reflecting a 1.5% forecasted 5-year CAGR and a 7.73% growth rate over the same period.
Future trends to watch for:
- Increased regulatory pressure for sustainable packaging solutions.
- Technological advancements in biodegradable and recyclable materials.
- Rising consumer demand for eco-friendly packaging options.
