The turnover of plastic packaging goods in Austria has shown a consistent upward trend from 2013 to 2023, reaching 1.36 billion Euros in 2023. This steady growth is marked by yearly variations, including notable increases in 2014 (+5.68%) and 2018 (+7.06%). However, occasional dips, such as in 2020 (-2.17%), reveal market volatility. The compound annual growth rate (CAGR) peaked at 4.05% in 2018 but has moderated to around 1.53% by 2023. The forecast for the next five years (2024-2028) suggests a CAGR of 1.52%, projecting overall growth of 7.84% to 1.49 billion Euros by 2028.
Future trends to watch for:
- Continued growth in eco-friendly and sustainable packaging solutions.
- Technological advancements driving efficiency and innovation.
- Regulatory changes impacting production and material choices.
- Shifts in consumer preferences towards reduced plastic use.
