The turnover of packaging services in Germany is projected to experience steady growth over the forecast period from 2024 to 2028. Starting at 4.19 billion euros in 2024, the turnover is expected to show consistent year-on-year increases, reaching 4.67 billion euros by 2028.
The year-on-year growth rates are as follows:
- 2024 to 2025: 2.86%
- 2025 to 2026: 2.78%
- 2026 to 2027: 2.71%
- 2027 to 2028: 2.64%
The compound annual growth rate (CAGR) for the 2024-2028 period stands at 2.75%. In 2023, the turnover was 4.07 billion euros.
Future trends to monitor in the packaging services market include the increasing demand for sustainable and eco-friendly packaging solutions, technological advancements such as automation and digitalization in packaging processes, and regulatory changes regarding packaging waste and recycling. These factors are likely to influence the market dynamics significantly in the coming years.
