The UK plastics market experienced fluctuating growth from 2012 to 2022. While the market saw a year-on-year increase from 2013 to 2014, it experienced a significant drop in 2015. Despite some recovery in 2016, the market generally declined from 2017 to 2020, hitting a low in 2020 with a value of 2.5867 Billion Kilograms. The market showed a moderate recovery in 2021 and 2022, closing at 3.0279 Billion Kilograms in 2022.
Significant year-on-year changes include a decline of -17.5% in 2020 and a recovery of 12.81% in 2021. Over the last five years, the compound annual growth rate (CAGR) was -1.83%. The market volume in 2023 is anticipated to reflect these recent trends.
Future trends to watch for include advancements in plastic recycling technologies, increased regulatory pressures for sustainable practices, and shifts in consumer preferences towards environmentally friendly products. Strategic investment in green technologies and adherence to environmental regulations will play crucial roles in shaping the future of the plastics market in the UK.
How does the United Kingdom 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% | |
| 5 | 5 Romania | 1,202,000,000 | 2023 | +2.76% | +2.36% | View data |
| 6 | 6 Hungary | 1,140,300,000 | 2023 | +3.27% | +2.33% | View data |
