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European Plastics Industry Faces Crisis Amid Competition Shift

10/9/2025

23 2 Full Breakdown

Summary

Story summary

European plastics industry faces crisis, with competitiveness shrinking and closures rising, according to Plastics Europe.
Europe’s market share fell from 22% in 2006 to 12% in 2024 as Asia's production surged.
The European Union (EU) Circular Economy Action Plan targets all packaging reusable or recyclable by 2030.
The circular economy could deliver over €1.8 trillion in EU benefits by 2030.

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Story summary

European plastics industry faces crisis, with competitiveness shrinking and closures rising, according to Plastics Europe.
Europe’s market share fell from 22% in 2006 to 12% in 2024 as Asia's production surged.
The European Union (EU) Circular Economy Action Plan targets all packaging reusable or recyclable by 2030.
The circular economy could deliver over €1.8 trillion in EU benefits by 2030.