The production value of packaging services in Germany in 2023 stood at 3.31 billion Euros. Over the last two years, the market has experienced moderate growth with year-on-year variations of 3.35% in 2022 and 3.2% in 2023. From 2013 to 2023, fluctuations were apparent, reflected in the varying year-on-year growth rates. Between 2021 and 2023, significant growth was visible, with a notable jump of 15.7% in 2021. The Compound Annual Growth Rate (CAGR) over the last five years up until 2023 was 2.54%.
Looking ahead, the market is expected to grow at a forecasted five-year CAGR of 2.23%, with a total forecast growth rate of 11.63% from 2024 to 2028. Anticipated future trends include increasing demand for sustainable and eco-friendly packaging solutions, advancements in packaging technology, and potential shifts due to regulatory changes aimed at reducing plastic waste. These factors could drive innovation and growth in the packaging services sector in Germany.