The sold production of plastic packing goods in Austria has shown considerable growth over the years, increasing from 6.7447 billion items in 2013 to 9.6898 billion items in 2023, despite some fluctuations. The most notable growth occurred between 2016 and 2018, with year-on-year increments of over 8%. There were minor declines in 2019 and 2020, but the market recovered with consistent growth in subsequent years.
In 2023, the market stands at 9.6898 billion items. Year-on-year growth over the last two years has been steady, with a 3.25% increase in 2022 followed by a 3.11% rise in 2023. The compounded annual growth rate (CAGR) from 2019 to 2023 was 1.81%.
Future projections indicate a continued upward trend, with the market expected to reach 11.11 billion items by 2028. The forecasted 5-year CAGR stands at 2.17%, translating to a total growth of 11.32% over this period.
Future trends to watch for include potential impacts of regulatory changes aimed at reducing plastic waste, advancements in sustainable packaging solutions, and shifts in consumer preferences towards environmentally friendly packaging materials.
