From 2013 to 2023, Germany's plastics production value fluctuated significantly, peaking in 2016 at €26.08 billion and falling to its lowest point in 2020 at €17.0 billion. Notably, there was a steep decline from 2019 to 2020, with a year-on-year drop of 26.44%. The last five years saw a Compound Annual Growth Rate (CAGR) of -3.2%, indicating a general downtrend in production value. For 2023, the value stood at €19.23 billion.
From 2024 to 2028, the forecast predicts a continued decline, with an anticipated CAGR of -2.96%, projecting the production value to fall to €15.98 billion by 2028. This reflects an expected cumulative decrease of approximately 13.96% over the forecast period.
Future trends to watch for include the impact of evolving environmental regulations, increased adoption of sustainable materials, and technological advancements in recycling. These factors could significantly influence the plastics market's trajectory in Germany.