The production value of plastics products in France stood at 22.77 billion Euros in 2023, displaying a declining trend in recent years. Year-on-year, the value decreased by 1.74% in 2023, echoing the 1.73% decline seen in 2022. The five-year CAGR from 2018 to 2023 reveals an average annual decrease of 1.6%. This downward trajectory is expected to continue based on forecasts, with an anticipated drop to 20.81 billion Euros by 2028, corresponding to a forecasted five-year CAGR of -1.44% and an overall decline of 6.98% over this period.
Future trends to watch for include advancements in sustainable and biodegradable plastics, potential regulatory impacts on plastic usage, and shifts in consumer preferences towards environmentally friendly products. These factors could influence the production dynamics and market value of plastics products in France.
