The output of environmental services in all sectors by expenditure category in Germany has shown a steady upward trend from 2014 to 2023. In 2023, the output stood at 218.27 billion Euros, representing a year-on-year increase of 2.6%. Over the prior five years, the compound annual growth rate (CAGR) was 2.78%, signifying moderate yet consistent growth.
From 2014 to 2019, the sector experienced more rapid growth, with year-on-year variations peaking at 7.6% in 2017. However, growth rates have moderated in recent years, with a notable decline in CAGR from 4.03% in 2019 to 2.78% in 2023.
Looking forward, the forecast indicates continuous growth, albeit at a slower pace. The projected CAGR for the next five years to 2028 is 1.84%, with an overall growth rate of 9.56% from 2023.
Future trends to monitor include technological advancements in environmental services, regulatory changes aimed at fostering sustainable practices, and shifts in consumer behavior toward greener alternatives. Additionally, the impact of global economic conditions, including potential inflation or recessionary pressures, could influence the sector's growth trajectory.
