The polypropylene market in Denmark peaked in value in 2021 at 250.76 million Euros. Prior to that, the highest value was in 2015 at 241.43 million Euros, after which it declined sharply in 2016. Post-2021, the market witnessed a downward trend, with a slight rebound in 2022, followed by another decline in 2023 where it stood at 222.01 million Euros. The market is forecasted to continue this bearish trend, reaching 218.69 million Euros by 2028.
Key variations over the past two years:
- From 2021 to 2022: -11.19%
- From 2022 to 2023: -0.31%
The last five-year CAGR stands at -0.69%, with a forecasted CAGR of -0.24% over the next five years.
Future trends to watch for:
- Potential impact of environmental regulations targeting plastic use
- Advancements in polypropylene recycling technologies
- Shifts in global supply chains and raw material availability
