In 2023, Germany led European countries in wages and salaries share in the plastic packaging goods sector, reporting a slight year-on-year increase of 2.92%. France and Italy also saw smaller increases, while Spain experienced a significant growth of 4.66%. Poland and Austria continued to show robust growth at 6.32% and 6.01% respectively. However, Belgium faced a downturn of -4.58%. Notable growth was seen in Lithuania (16.19%) and Serbia (16.29%). By contrast, Finland and Norway registered declines of -0.83% and -3.35% respectively. Smaller markets like Estonia (-0.54%) and Iceland (1.92%) showed mixed trends.
Looking ahead, key trends to watch include the resilience of Eastern European markets, particularly Poland, Serbia, and Lithuania, which continue to exhibit strong growth rates. Additionally, the performance of large economies like Germany, France, and Italy will be crucial in assessing the overall sector health. Markets facing declines, such as Belgium and Finland, may need strategic adjustments to reverse these trends.
Top countries in Plastic Packaging Goods Wages and Salaries Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 26.94 | 2023 | +3.08% | +2.92% | View data |
| 2 | 2 France | 16.27 | 2023 | +2.23% | +2.65% | View data |
| 3 | 3 Italy | 11.47 | 2023 | +1.34% | +1.35% | View data |
| 4 | 4 Spain | 9.17 | 2023 | +3.79% | +4.66% | View data |
| 5 | 5 United Kingdom | 8.38 | 2023 | +0.37% | +0.68% | View data |
| 6 | 6 Poland | 7.64 | 2023 | +5.92% | +6.32% | View data |
| 7 | 7 Austria | 3.42 | 2023 | +5.87% | +6.01% | View data |
| 8 | 8 Belgium | 1.8 | 2023 | -0.32% | -4.58% | View data |
| 9 | 9 Hungary | 1.67 | 2023 | +5.64% | +6.93% | View data |
| 10 | 10 Czech Republic | 1.41 | 2023 | +1.98% | +2.04% | View data |
