Between 2013 and 2023, Finland's output of environmental services in manufacturing fluctuated, showcasing periods of growth and slight declines. The most significant increase occurred in 2014 with a 20.14% rise, while the highest recent growth was in 2021 at 8.88%. A general upward trend is observed, with the output standing at €13.55 billion in 2023. The last five years show a compound annual growth rate (CAGR) of 3.59%, indicating a steady growth trajectory. Moving forward, projections indicate the growth will continue at an average CAGR of 2.07% from 2024 to 2028, reaching €15.44 billion by 2028.
Future trends to watch for:
- Advancements in green technology and innovation driving higher efficiency and output.
- Government policies and regulations encouraging sustainable practices.
- Increased global demand for environmentally friendly manufacturing processes.