In 2023, the plastic packaging goods production value in Norway stood at 227.9 million Euros. The forecast data for the subsequent years indicate a declining trend. Specifically, the production value is expected to fall to 220.4 million Euros in 2024, 213.1 million Euros in 2025, 205.9 million Euros in 2026, 198.7 million Euros in 2027, and 191.5 million Euros in 2028.
Year-on-year variations reveal consistent declines:
- 2024: -3.3%
- 2025: -3.3%
- 2026: -3.4%
- 2027: -3.5%
- 2028: -3.6%
The compound annual growth rate (CAGR) over the five-year forecast period averages a decline of 3.4% per year.
Observing these trends, it becomes essential to monitor factors such as regulatory changes regarding plastic use, technological advancements in sustainable packaging alternatives, and shifts in consumer preferences that may further impact the plastic packaging industry in Norway.
