The Austrian plastics market demonstrated notable fluctuations from 2012 to 2022, growing from 1.0042 billion euros to 1.44 billion euros. Despite an overall upward trend, the market experienced significant year-on-year variations, with substantial growth in years like 2017 at 31.12% and declines in years such as 2020 at -11.52%. Over the last five years, the compound annual growth rate (CAGR) has been negative, indicated by -0.31% in 2022. This reveals the market's volatility and capacity for sudden trends. In 2023, the market value stood around 1.44 billion euros.
Future trends to watch for include advancements in sustainable plastics, increased regulatory pressures on plastic utilization, and technological innovations in recycling methods. Market dynamics will likely be influenced by environmental policies and shifts towards circular economy practices, driving both challenges and opportunities in the sector.
How does Austria rank in Plastics Market Size Value?
| # | 17 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 25,852,000,000 | 2023 | +1.02% | +0.1% | View data |
| 2 | 2 Italy | 17,442,000,000 | 2023 | +0.79% | -0.77% | View data |
| 3 | 3 France | 10,700,000,000 | 2023 | +0.31% | +0.27% | View data |
| 4 | 4 Poland | 9,568,200,000 | 2023 | +4.44% | +2.28% | View data |
| 5 | 5 United Kingdom | 7,277,300,000 | 2023 | +0.99% | +1.58% | View data |
| 8 | 8 Romania | 2,143,500,000 | 2023 | +3.78% | -0.84% | View data |
| 9 | 9 Portugal | 2,110,900,000 | 2023 | +0.46% | +0.29% | View data |
| 10 | 10 Austria | 1,470,200,000 | 2023 | +2.1% | +0.63% | |
| 11 | 11 Denmark | 1,336,000,000 | 2023 | +2.12% | -2.25% | View data |
| 12 | 12 Finland | 1,155,000,000 | 2023 | +0.95% | +0.71% | View data |
