In 2023, Italy led with a significant share of high-growth enterprises in plastics products, contributing 37.37% of the total European count. Hungary and the Czech Republic followed, with shares of 20.78% and 12.66%, respectively. Other notable countries included Portugal, Slovakia, and Romania.
Examining year-on-year trends (2023), Hungary showed the most remarkable growth at 9.41%, contrasted by slight declines in the Czech Republic and Romania. Lithuania and Latvia experienced moderate increases, while Italy and Norway showed minimal or no change.
Anticipated future trends highlight potential realignment within this sector due to technological advancements and policy regulations. Continued growth in Eastern European nations, amid stable or slowing expansion in Western Europe, suggests gradual shifts in the industry landscape.
Top countries in Number of High Growth Enterprises in Plastics Products Share by Country (Units (Enterprises))
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 37.37 | 2023 | +7.64% | +0.28% | View data |
| 2 | 2 Hungary | 20.78 | 2023 | +15.17% | +9.41% | View data |
| 3 | 3 Czech Republic | 12.66 | 2023 | +2.07% | -2.73% | View data |
| 4 | 4 Portugal | 9.06 | 2023 | +4.95% | +1.38% | View data |
| 5 | 5 Slovakia | 6.67 | 2023 | +9.86% | +0.52% | View data |
| 6 | 6 Romania | 5.81 | 2023 | +6.25% | -1.94% | View data |
| 7 | 7 Lithuania | 4.36 | 2023 | +4.08% | +2.53% | View data |
| 8 | 8 Latvia | 2.22 | 2023 | +8.33% | +6.47% | View data |
| 9 | 9 Norway | 0.68 | 2023 | +14.29% | 0% | View data |
