In 2023, Italy dominated the European cotton sacks and bags production market with an 87.7% share, followed by Hungary at 0.88%. Notable growth was observed in Estonia, surging by 139.07% year-on-year, while Italy and Denmark also saw significant increases of 46.06% and 50.35% respectively. In contrast, Croatia and Lithuania experienced declines of 14.74% and 4.52% respectively. Over the past five years, the compound annual growth rate (CAGR) highlights Estonia's remarkable upward trend, while Spain and Croatia show declining trends.
Looking ahead, sustainable packaging trends and heightened environmental awareness could shape market dynamics, with potentially increased demand in smaller, eco-conscious production countries. Monitoring policy changes and technological advancements in sustainable cotton processing will be crucial for future strategic developments.
Top countries in Sold Production of Sacks and Bags of Cotton Used for Packing Goods Share by Country (Kilograms)
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 87.7 | 2023 | +65.39% | +46.06% | View data |
| 2 | 2 Hungary | 0.88 | 2023 | +4.6% | +4.32% | View data |
| 3 | 3 Spain | 0.25 | 2023 | -2.27% | -2.8% | View data |
| 4 | 4 Estonia | 0.13 | 2023 | +7.16% | +139.07% | View data |
| 5 | 5 Slovenia | 0.04 | 2023 | +6.81% | +0.95% | View data |
| 6 | 6 Lithuania | 0.017 | 2023 | +1.28% | -4.52% | View data |
| 7 | 7 Portugal | 0.012 | 2023 | +3.24% | View data | |
| 8 | 8 Denmark | 0.003 | 2023 | +45.96% | +50.35% | View data |
| 9 | 9 Croatia | 0 | 2023 | -9.32% | -14.74% | View data |
