Between 2013 and 2023, Denmark's plastics market demonstrated fluctuating growth, initially escalating from 617.68 million kilograms in 2013 to a peak of 705.74 million kilograms in 2016. Post-2016, the market experienced a general declining trajectory, reaching 599.39 million kilograms in 2023. Key annual variations included a notable 8.09% increase in 2015, easing to a -3.15% decrease by 2023. The Compound Annual Growth Rate (CAGR) over the last five years revealed a downward trend, averaging -2.77% per year.
Looking ahead, the forecast indicates a continuation of this declining trend, with a projection of 504.78 million kilograms by 2028, reflecting a forecasted 5-year CAGR of -2.74%. This represents an overall reduction of 12.98% from 2023 to 2028.
Future trends to watch for include the impact of eco-friendly policies on plastics demand and potential innovations in bioplastics and recycling technologies, which could reshape the market dynamics.
