In 2023, business enterprise R&D expenditure in the German rubber and plastic products manufacturing sector stood at 1.60 billion USD PPP. From 2024 onward, the forecasts indicate a steady increase in R&D investment, with year-on-year growth ranging from 1.23% to 1.18%. The compound annual growth rate (CAGR) over the forecast period from 2024 to 2028 is projected at approximately 1.24% per annum, highlighting a consistent upward trend in R&D spending in this sector.
Future trends to watch include technological advancements in materials science, environmental regulations pushing for sustainable practices, and increased competition from other European and global manufacturers, all of which may influence R&D expenditure levels and priorities.
