The production value of plastic packaging goods in Finland has experienced a fluctuating trend over the past decade. The highest value in recent years was observed in 2014 at 367 million Euros. This period also saw a significant drop in 2015 (-6.43%) and 2020 (-8.35%). In the last two years, the year-on-year variation slightly declined by -0.72% in 2022 and -0.64% in 2023, with the production value standing at 328.5 million Euros in 2023. The compound annual growth rate (CAGR) over the past five years has been -1.42%, indicating a steady decline. Forecast data suggests a continued decrease with a five-year CAGR of -0.28% up to 2028.
Future trends to watch for:
- Increased environmental regulations influencing a shift to sustainable packaging.
- Technological advancements in biodegradable plastics.
- Market demand adjustments due to consumer preference for eco-friendly products.
- Innovation in recycling technologies to optimize plastic reuse in packaging.