The production value of plastic packaging goods in Germany has shown a fluctuating trend from 2013 to 2023, growing from €8.64 billion to €12.84 billion. Year-on-year, the value saw an average variation from -4.6% in 2020 to 11.1% in 2016. The compound annual growth rate (CAGR) over the last 5 years has been 2.79%. Observing the actual data, recent years indicate a positive trend, with a 2.91% rise from 2022 to 2023.
Forecasted data from 2024 to 2028 shows a continued increase, with the production value expected to reach €14.61 billion by 2028. The forecasted 5-year CAGR is 2.04%, showing a steadier growth compared to recent actual variations.
Trends to Watch For:
- Environmental regulations impacting packaging material choices.
- Advancements in sustainable and biodegradable plastics.
- Technological innovations in recycling techniques.
- Fluctuations in raw material costs.
- Global economic conditions affecting import/export dynamics.
