The forecasted sold production of plastic packing goods in Germany is set to increase steadily from 2024 to 2028. The value for 2024 is expected to be 8.6823 billion Euros, rising to 9.0355 billion Euros by 2028. This indicates steady growth over the years, with year-on-year variations showing consistent, slight increases. For instance, from 2024 to 2025, there’s an increase of 1.03%, while the increase from 2027 to 2028 is about 0.97%. The compound annual growth rate (CAGR) over this five-year period is approximately 1.00%.
In 2023, the actual sold production of plastic packing goods was recorded to set the baseline for the forecasted data from 2024 onwards. Over the last two years leading to 2023, a noticeable trend indicated solid growth, reflecting the expanding demand for plastic packing goods in the market.
Future trends to watch for include:
- Transitions towards sustainable and recyclable packaging solutions.
- Technological innovations in production processes.
- Regulatory impacts and policies aimed at reducing plastic waste.
- Economic factors influencing production capabilities and raw material costs.