The production of plastics in primary forms in Germany is projected to rise steadily from 17.555 billion kilograms in 2024 to 18.976 billion kilograms in 2028. In the previous year, 2023, the actual production stood at an estimated 17.2 billion kilograms. This marks a consistent increase, with a year-on-year growth rate averaging about 2% over the forecast period. The compound annual growth rate (CAGR) over the five years from 2023 to 2028 is anticipated to be around 1.9%, indicating stable growth driven by ongoing demand in various sectors such as automotive, packaging, and consumer goods.
Future trends to watch for include:
- Increasing focus on sustainable and recyclable plastic forms as environmental regulations tighten.
- Technological advancements in plastic production aimed at reducing energy consumption and emissions.
- Potential supply chain disruptions or economic shifts that could impact production capacities.
- Emerging markets' demand for plastics which might influence Germany's export strategies.