The production in the packaging paper sector in Germany has shown a varied trend over the past decade. From 2013 to 2016, the sector experienced minor fluctuations with slight negative and positive growth rates, reaching significant growth in 2017 with a 7.7% increase and peaking in 2018 with a 12.72% rise. There was a notable downturn in 2020, with a decrease of 6.59%, likely impacted by global challenges. Recovery was swift, with production value standing at €14.93 billion in 2023, reflecting a year-on-year growth of 1.63%. Over the past five years, the sector has maintained an average annual growth rate (CAGR) of 0.42%.
Looking ahead, forecasts from 2024 to 2028 suggest steady growth, with the sector projected to reach €16.09 billion by 2028. The sector is expected to grow at an average annual rate (forecast 5-year CAGR) of 1.19%, leading to an overall growth rate of 6.1% over this period.
Future trends to watch for:
- Increasing demand for sustainable packaging solutions.- Technological advancements in production processes.- Fluctuations in raw material prices.- Impact of regulatory policies on the packaging industry.