The market size value for parts of packing and wrapping machines in Germany has exhibited notable growth from 2012 to 2022, starting at 896.81 million Euros in 2012 and rising to 1867.2 million Euros in 2022. The market experienced fluctuations, with a significant decline in 2020 (down 3.06%) followed by a recovery. Over the last five years, the compound annual growth rate (CAGR) averaged at 6.66%, indicating steady growth in the face of economic variances and market dynamics. Year-on-year variations reveal substantial growth spikes, particularly in 2013 (17.1%) and 2018 (17.64%), reflecting heightened demand and technological advancements in the industry.
Future trends to watch for include:
- Increased automation and integration of IoT in packing machines
- Rising demand for sustainable and eco-friendly packaging solutions
- Continuous advancements in technology driving efficiency and productivity
- Market expansion into emerging industries and regions