European Plastic Production Declines as Global Output Rises

European plastic industry faces challenges from increased imports and global competition, threatening its sustainability.

In 2023, European plastic production decreased by 8.3%, marking the first decline in recycled plastics production since 2018.
The global plastic production rose by 3.4%, primarily driven by increases in China and the United States.
Europe's share of global plastic production dropped from 28% in 2022 to 12% in 2023, as it became a net importer of plastic resins.
The European plastic industry's viability is threatened by cheaper imports from regions with less stringent environmental standards.
Despite challenges, Europe maintains the highest percentage of circular plastics, with 14.8% of its production being recycled or biosourced.