The production value in the plastics and synthetic rubber sector in Denmark showed significant fluctuation from 2013 to 2023, peaking in 2018 at DKK 511.3 million before experiencing a gradual decline. The sector began with DKK 308 million in 2013 and elevated to DKK 490 million by 2023, reflecting a modest compound annual growth rate (CAGR) of -0.85% over the last five years. The year-on-year variations from 2013 to 2023 highlight notable periods of growth, especially between 2014 and 2018, followed by a plateau and slight decline in recent years.
Future trends to watch for:
- Continued slight decline with a forecasted CAGR of -0.14% from 2024 to 2028.
- Impact of regulatory environments and sustainability initiatives on production volumes and innovation within the sector.
- Technological advancements and shifts in consumer demand possibly altering production trends.
