In 2023, the production value of plastic and rubber machinery in Germany was approximately 9.52 billion euros. Looking ahead, the industry is forecasted to grow with production values reaching 11.07 billion euros by 2028. This suggests a steady annual growth rate with year-on-year increases ranging between 3% to 3.5%, and a projected compound annual growth rate (CAGR) over the five-year forecast period of approximately 2.9%.
The sector is poised for growth due to advancements in automation, sustainability initiatives, and increased global demand. It will be critical to monitor technological innovations, regulatory changes, and shifts in international trade that could impact production dynamics in the coming years.
