Analyzing recovered plastic packaging waste in the UK from 2013 to 2023, we observe consistent growth, with volumes reaching 1.5573 million metric tons in 2023. Early years showcased significant variability, such as a 22.22% increase in 2016, followed by more stable, albeit smaller, annual increases around 2-4% post-2017. The five-year CAGR from 2018 to 2023 averaged 3.27%, indicating steady, moderate growth.
Forecasts from 2024 onwards predict continued growth, with a projected five-year CAGR of 1.88%, reaching 1.7544 million metric tons by 2028.
Future trends to watch for:
- Technological advancements in recycling.
- Government regulations and environmental policies.
- Market shifts towards sustainable packaging alternatives.
