The plastic market size in Spain exhibited notable fluctuations from 2012 to 2022. Starting from a low of 2.559 billion kilograms in 2012, the market grew with certain volatile periods, peaking at 4.0789 billion kilograms in 2021 before slightly declining to 3.9943 billion kilograms in 2022. The years 2016, 2019, and 2021 experienced substantial year-on-year growth at rates of 11.7%, 13.05%, and 13.68% respectively, showcasing recovery and expansion phases. Conversely, 2017 and 2020 saw declines of -4.28% and -7.41%. Over the last five years, the market's Compound Annual Growth Rate (CAGR) averaged at 2.71%, indicating moderate overall growth despite year-on-year variances.
Future trends to watch for include the impacts of regulatory changes on plastic consumption, innovations in recyclable and biodegradable plastics, and shifts driven by consumer demand for sustainable materials.
How does Spain 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% | |
| 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 |
