The Austrian plastics market has shown varied performance between 2013 and 2023, starting from €1.0499 billion in 2013 and reaching €1.4702 billion in 2023. The market experienced significant volatility with notable peaks in 2017 and 2018, and a decline in 2019 and 2020. From 2021 onwards, the market started to recover, showing slight growth in 2023. The year-on-year variation for 2023 was modest at 2.10%, and the CAGR over the last five years stands at 0.63%.
Future trends to watch for in the Austrian plastics market include a steady but modest growth rate with a forecasted CAGR of 1.62% over the next five years, predicting the market to reach €1.624 billion by 2028. Key factors influencing this trend include advancements in recycling technologies, increased environmental regulations, and shifts towards sustainable materials.
