In 2023, the forage plants production in Germany stood at an estimated value of 4.17 billion euros. Forecasts from 2024 to 2028 indicate a consistent decline, with values decreasing each year: 2024 is projected at 4.11 billion euros, followed by 4.05 billion euros in 2025, 3.99 billion euros in 2026, 3.93 billion euros in 2027, and 3.87 billion euros in 2028. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is projected to be negative, reflecting an average annual decline.
Future trends to watch for include:
- Impact of potential climate changes on forage production efficiency.
- Technological innovations that might improve yields or reduce costs.
- Changes in demand due to shifts in livestock production patterns.
- Policy changes in agriculture or subsidies that could affect production strategies.