The sold production of plastics in primary forms in Austria has shown significant fluctuations over the years. From 2013 to 2023, the value stood at 463.81 million kilograms in 2023. The year-on-year variation from 2021 to 2022 was -53.04%, while from 2022 to 2023, it registered a 13.9% increase. Over the same period, the five-year compound annual growth rate (CAGR) was 6.57%. Looking forward, from 2024 to 2028, a steady growth trend is forecasted with a five-year CAGR of 5.58% and an anticipated overall growth rate of 31.22%.
Future trends to watch for include advancements in sustainable plastics production, potential regulatory impacts on plastic manufacturing, and innovations in recycling technologies which could significantly influence production volumes. Monitoring global market demand and supply chain dynamics will also be crucial.
