In 2023, the plastics turnover in Germany was 20.98 billion euros. The forecasted data for 2024 shows a turnover value of 20.0 billion euros, indicating a year-on-year decrease of approximately 4.67% from 2023. The year-on-year variation continues to show a declining trend with decreases of around 4.65% in 2025, 4.87% in 2026, 5.07% in 2027, and 5.29% in 2028, leading to a forecasted value of 16.31 billion euros by 2028. The compounded annual growth rate (CAGR) over the last five years is estimated to be around -5.09%.
Future trends to watch for:
- Increased regulatory pressure and environmental concerns may drive a shift towards sustainable and biodegradable alternatives to traditional plastics.
- Technological innovations in recycling and higher efficacy in material utilization could affect market dynamics and turnover.
- Changes in consumer behavior and industrial demand might pose risks or present opportunistic growth areas in niche markets for advanced plastic solutions.