TURKISH PLASTICS MARKET FACES TOUGH TIMES, BUT HAS STRONG FUNDAMENTALS FOR SUSTAINABLE PROSPERITY
September 1st, 2019
THE TURKISH plastics manufacturing sector has grown exponentially over the past decade, but growth has spluttered over the past year due to the country’s economic downturn and currency depreciation raising the cost of raw materials. Investment has also slowed, but manufacturers are optimistic the sector will rebound, with exports remaining strong.
Turkey has a plastics processing capacity of around 10 million tonnes, equivalent to 3% of global plastic production, with the country the world’s sixth largest plastics manufacturer, and the second in Europe after ...
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