In 2023, France led the European market for plastic closures with 26.24% of total production value, closely followed by Germany at 25.46%. Italy and Spain showed moderate involvement at 14.11% and 11.92% respectively. While the UK had a below-average share, countries like Poland, Hungary, and Sweden exhibited positive growth patterns, notably Sweden with a remarkable 17.09% increase. Germany experienced a stable growth rate of 0.84%, whereas France showed marginal growth at 0.3%. Conversely, the UK noted a decline of 1.67%, alongside Greece and Portugal, which diminished by 1.79% and 2.28%, respectively.
Future trends to consider include the burgeoning growth in Eastern European countries like Denmark and Finland, indicating a shifting dynamic in regional production capabilities. Emerging sustainability regulations and advancements in recyclable materials could further impact market share among countries, driving innovation in eco-friendly plastic solutions.
Top countries in Sold Production of Plastic Stoppers, Lids, Caps, Capsules and Other Closures Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 26.24 | 2023 | +3.03% | +0.3% | View data |
| 2 | 2 Germany | 25.46 | 2023 | +0.79% | +0.84% | View data |
| 3 | 3 Italy | 14.11 | 2023 | +10.6% | +4.14% | View data |
| 4 | 4 Spain | 11.92 | 2023 | +16.51% | +6.52% | View data |
| 5 | 5 United Kingdom | 4.97 | 2023 | -0.51% | -1.67% | View data |
| 6 | 6 Poland | 4 | 2023 | +2.03% | +1.41% | View data |
| 7 | 7 Hungary | 2.54 | 2023 | +1.39% | +0.87% | View data |
| 8 | 8 Sweden | 2.04 | 2023 | +11.61% | +17.09% | View data |
| 9 | 9 Netherlands | 1.98 | 2023 | +2.63% | +1.9% | View data |
| 10 | 10 Belgium | 1.92 | 2023 | +1.46% | +1.15% | View data |
