The turnover in the Danish plastics products industry peaked at €3.87 billion in 2013, declining significantly by 2014. From 2015 onwards, the market illustrated relative stability until 2020, followed by notable decreases in 2021 and beyond. By 2023, the turnover stood at €2.53 billion, indicating a clear downward trend. The year-on-year variations for 2022 and 2023 were -2.77% and -2.83% respectively. The five-year CAGR reflects an average annual decline of -2.70% up to 2023. Forecasts predict a continued decline through 2028, with a five-year CAGR of -2.43%, reflecting a cumulative reduction rate of -11.56%.
Future trends to watch for include:
- Efforts to reduce plastic use driven by environmental policies and consumer preferences.
- Technological advancements in bio-based and recyclable plastics.
- Potential increases in production costs driven by raw material volatility.
- Increasing competition and consolidation in the industry.
