The plastics market in Denmark has shown fluctuating trends from 2012 to 2022, starting at 613.53 million kilograms in 2012 and reaching 646.7 million kilograms in 2022. Over this period, the market experienced significant year-on-year variations, with an average annual growth rate (CAGR) of -1.33% in the last five years. Notable peaks include 2015 with an 8.09% increase, while substantial declines were seen in 2017 and 2019 with -2.02% and -4.11% respectively. The market somewhat stabilized in the last two years with minor variations, showing a slight rebound in 2022 by 2.42%.
Future trends to watch for:
- Increased focus on sustainable and recyclable materials due to environmental regulations and consumer demand.
- Technological advancements in production methods that reduce resource consumption and increase efficiency.
- Potential market expansion in bioplastics and innovations in material science.
- Fluctuations in raw material prices and their impact on production costs.
How does Denmark 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% | View data |
| 8 | 8 Bulgaria | 663,750,000 | 2023 | +4.55% | +5.46% | View data |
| 9 | 9 Finland | 647,640,000 | 2023 | +1.57% | -1.32% | View data |
| 10 | 10 Denmark | 599,390,000 | 2023 | -3.15% | -2.77% | |
| 11 | 11 Ireland | 412,370,000 | 2023 | +3.51% | +4.02% | View data |
| 12 | 12 Greece | 354,030,000 | 2023 | +1.87% | +3.66% | View data |
