The Bulgarian plastics market has shown a varied growth trajectory from 2013 to 2023. In recent years, there has been significant growth, peaking in 2021 with an 18.64% increase. The market value in 2023 reached €1,051.8 million, representing a modest 3.27% growth from the previous year. The five-year CAGR stands at 3.3%, indicating a steady upward trend despite fluctuations like the downturn in 2020.
Future trends to watch for include:
- Impact of sustainability and regulations on plastic production and demand.
- Technological advancements in recycling and biodegradable plastics.
- Changes in consumer preferences towards eco-friendly packaging options.
How does Bulgaria rank in Plastics Market Size Value?
| # | 17 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 25,852,000,000 | 2023 | +1.02% | +0.1% | View data |
| 2 | 2 Italy | 17,442,000,000 | 2023 | +0.79% | -0.77% | View data |
| 3 | 3 France | 10,700,000,000 | 2023 | +0.31% | +0.27% | View data |
| 4 | 4 Poland | 9,568,200,000 | 2023 | +4.44% | +2.28% | View data |
| 5 | 5 United Kingdom | 7,277,300,000 | 2023 | +0.99% | +1.58% | View data |
| 11 | 11 Denmark | 1,336,000,000 | 2023 | +2.12% | -2.25% | View data |
| 12 | 12 Finland | 1,155,000,000 | 2023 | +0.95% | +0.71% | View data |
| 13 | 13 Bulgaria | 1,051,800,000 | 2023 | +3.27% | +3.3% | |
| 14 | 14 Ireland | 766,500,000 | 2023 | +1.74% | +2.89% | View data |
| 15 | 15 Greece | 714,430,000 | 2023 | +2.22% | +3.67% | View data |
