The sold production of plastic sacks and bags in Austria has shown notable fluctuations over the past decade. Starting in 2013, the market saw significant growth with a year-on-year increase, reaching its peak in 2015. However, from 2016 onward, the market experienced a substantial decline with frequent year-on-year decreases, except for minor recoveries in 2019 and 2021. By 2023, the production value stood at approximately 22.96 million Euros. The average compounded annual growth rate (CAGR) over the last five years indicated a notable downward trend, at a rate of -2.26%.
Forecasts suggest a continued decline, with the market expected to decrease to 19.826 million Euros by 2028, marking an additional contraction of -10.82% over the five years. The annual variation continues to show a downward trend.
- Past performance indicates volatility with significant drops, especially post-2015.
- Recent years show minor recoveries but not enough to counter the overall declining trend.
- The forecast projects a steady decline from 2024 to 2028.
Future trends to watch for include increasing environmental regulations, consumer preferences shifting towards sustainable materials, and innovations in biodegradable and reusable bag alternatives which may accelerate the decline in plastic bag production.
