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Plastic Product Manufacturing in Europe - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

ISIC 222 August 2024 Spotlight Report

Revenue

€458.1bn

2019-2024 3.4 %
2024-2029 X.X %

Employees

2m

2019-2024 0.8 %
2024-2029 X.X %

Businesses

106k

2019-2024 5.3 %
2024-2029 X.X %

Wages

€XX.Xbn

2019-2024 X.X %
2024-2029 X.X %

Plastic Product Manufacturing in Europe industry analysis

The Plastic Product Manufacturing industry encompasses a huge range of plastic products, from packing goods to construction supplies to plastic plates, sheets, tubes and profiles, which means it supplies many industries. The plastic product market is heavily susceptible to changing downstream conditions and climate policies, given the environmental damage plastics can bring. For example, strong business sentiment and industrial production activity can fuel demand for plastic packaging, while growing output in the construction sector can propel orders of plastic construction supplies. EU recycling regulations are playing a big role in plastic producers’ operations, with companies placing growing emphasis on producing recyclable products or manufacturing goods using recycled plastics to reduce their environmental impact.

European coverage with a localised twist

  • Market estimates from 2014-2029
  • Detailed reports analysing industry performance, market dynamics and company data, compared across countries
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Industry Statistics and Trends

Plastic Product Manufacturing in Europe key trends

The food and beverage industry fuels demand.

 

Sales to the ready-to-eat meals market play an important roles, in determining plastic product manufacturers’ revenue.

Advancements in bioplastics will demand.

 

Plastic product manufacturers are under tremendous social and political pressure to act more sustainably, so products made from recyclates and bioplastics are becoming more popular.

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Plastic Product Manufacturing in Europe

Industry Revenue

Total value and annual change from 2011-2029. Includes 5-year outlook.

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Plastic Product Manufacturing in Europe market size (2019-2024)

Industry revenue has declined at a CAGR of 3.4 % over the past five years, to reach an estimated €458.1bn in 2024.

Trends and Insights

Germany dominates plastic product manufacturing across Europe

  • Eurostat and OECD data show that Germany accounted for a massive 45.6% of Europe’s plastic product manufacturing revenue in 2020. Four of the 10 biggest companies are German-based, catering to the plastic packaging and construction supplies markets.

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Plastic Product Manufacturing in Europe outlook (2024-2029)

Market size is projected to grow over the next five years.

The focus on speciality packaging drives a structural change

  • Speciality plastics cater to niche industries, providing properties like high-temperature resistance, chemical inertness and biocompatibility.

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Revenue

€458.1bn

2019-2024 3.4 %
2024-2029 X.X %

Employees

2m

2019-2024 0.8 %
2024-2029 X.X %

Wages

€XX.Xbn

2019-2024 X.X %
2024-2029 X.X %

European Leaders & Laggards

Europe Job Growth CAGR: 0.8 % *
  • Job Growth

Top 5 Countries

  1. Serbia +8.7%
  2. France +4.1%
  3. United Kingdom +3.6%
  4. Italy +3.1%
  5. Spain +2.9%

Bottom 5 Countries

  1. Turkey -9.2%
  2. Malta -4.8%
  3. Norway -1.3%
  4. Slovakia -0.8%
  5. Czechia -0.3%

* CAGR values are for the years 2019-2024.

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Biggest companies in the Plastic Product Manufacturing in Europe

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
Berry Global Inc
12,779.5
1,088.8
8.5
Saint-Gobain SA
56,529.0
5,487.0
9.7
Versalis SpA
6,983.0
-349.2
-5.0

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Plastic Product Manufacturing in Europe

Products & Services Segmentation

Industry revenue broken down by key product and services lines.

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Top Questions Answered in this Report

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What is the market size of the Plastic Product Manufacturing industry in Europe in 2024?

The market size of the Plastic Product Manufacturing industry in Europe is €458.1bn in 2024.

How many businesses are there in the Plastic Product Manufacturing in Europe industry in 2024?

There are 106k businesses in the Plastic Product Manufacturing industry in Europe, which has grown at a CAGR of 5.3 % between 2019 and 2024.

Has the Plastic Product Manufacturing industry in Europe grown or declined over the past 5 years?

The market size of the Plastic Product Manufacturing industry in Europe has been declining at a CAGR of 3.4 % between 2019 and 2024.

What is the forecast growth of the Plastic Product Manufacturing industry in Europe over the next 5 years?

Over the next five years, the Plastic Product Manufacturing industry in Europe is expected to grow.

What does the Plastic Product Manufacturing in Europe include?

Plastic plates, sheets, tubes and profiles and Plastic packing goods are part of the Plastic Product Manufacturing industry.

Which countries have the most businesses in the Plastic Product Manufacturing industry in Europe?

The European country with the most businesses in the Plastic Product Manufacturing industry is Russia.

How competitive is the Plastic Product Manufacturing industry in Europe?

The level of competition is high and steady in the Plastic Product Manufacturing industry in Europe.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

Companies in this industry manufacture plastic plates, sheets, blocks, film, foil and strips and finished plastic products, including tubes, pipes and hoses. They also produce rigid and flexible plastic articles to pack goods like bags, cases, sacks, boxes and bottles, household items, insulating parts and office and school supplies. Plastic construction supplies include plastic doors, windows, frames and blinds, skirting boards, tanks and reservoirs.

Related Terms

CELLOPHANE FILMBIOPLASTICSKIRTING BOARDSRESIN

What's included in this industry?

Plastic plates, sheets, tubes and profilesPlastic packing goodsPlastic construction supplies

Companies

Berry Global IncSaint-Gobain SAVersalis SpA

Industry Code

ISIC 2006

222 - Manufacture of plastics products in Europe

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Performance

Key Takeaways

Germany dominates plastic product manufacturing across Europe

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Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue CAGR
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue in the Plastic Product Manufacturing in Europe industry (2011 -2029)
  • Employees in the Plastic Product Manufacturing in Europe industry (2011 -2029)
  • Business in the Plastic Product Manufacturing in Europe industry (2011 -2029)
  • Profit in the Plastic Product Manufacturing in Europe industry (2011 -2029)
Analysis

What's driving current industry performance in the Plastic Product Manufacturing in Europe industry?


Outlook

Analysis

What's driving the Plastic Product Manufacturing in Europe industry outlook?


Volatility

Analysis

What influences volatility in the Plastic Product Manufacturing in Europe industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Plastic Product Manufacturing in Europe industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Plastic packing good sales edge downwards thanks to intense international competition. Foreign production of plastic bags and sacks, especially from China, is putting severe pressure on prices.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Plastic Product Manufacturing in Europe industry's products and services performing?

Analysis

What are innovations in the Plastic Product Manufacturing in Europe industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Plastic Product Manufacturing in Europe industry?


International Trade

Highlights

  • Largest Importer
  • Smallest Importer
  • Total Imports into Europe
  • Largest Exporter
  • Smallest Exporter
  • Total Exports into Europe
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Revenue by Region (2024)
  • Share of Total Industry Enterprises by Region (2024)
  • Share of Total Industry Employment by Region (2024)
  • Share of Total Industry Wages by Region (2024)

Industry Geographic Breakdown

Data Tables

Values and annual change provided for 37 European countries:

  • Revenue (2024)
  • IVA (2024)
  • Enterprises (2024)
  • Employment (2024)
  • Exports (2024)
  • Imports (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

A big range of products keeps concentration low. This means no single manufacturer has a substantial hold on the market. The largest manufacturers tend to focus on plastic packaging.

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Supply Chain

Charts

Buyer and supply industries

Companies

Market Share

Charts
  • Industry Market Share by Company (2019-2024)

Companies

Data Tables

Top 10 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit Margin (2024)

Data Tables
  • Countries of operation for Berry Global Inc
  • Countries of operation for Saint-Gobain SA
  • Countries of operation for Versalis SpA
  • Countries of operation for Crown Holdings Inc
  • Countries of operation for KP Holding GmbH & Co KG
  • Countries of operation for Röchling SE & Co KG
  • Countries of operation for AptarGroup Inc
  • Countries of operation for Sealed Air Corporation
  • Countries of operation for Tesa SE
  • Countries of operation for Schüco International KG

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Plastic manufacturers have to follow several regulations. The REACH regulation, the 10/2011 EU Regulation and the EU Packaging Regulation set out the correct handling of chemicals and plastics and how they should be disposed of or recycled.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Plastic Product Manufacturing in Europe industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Rampant supply-side inflation drags up purchase costs. Supply chain disruptions drove up plastic producers’ purchase costs in 2021 and 2022, but they’re set to edge back downwards inn 2024, supporting profitability.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Plastic Product Manufacturing in Europe industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.