From 2012 to 2022, the plastics market size in Germany experienced fluctuations with notable growth and declines. The market grew from 20.306 billion euros in 2012 to a peak of 25.722 billion euros in 2018. Significant declines occurred in 2016 and 2020 with -7.71% and -15.67% respectively. However, the market had periods of recovery, notably in 2017 and 2021 with 7.35% and 15.7% year-on-year growth, respectively. The five-year compound annual growth rate (CAGR) reflects a more stable trend at 2.41% from 2018 to 2022.
Future trends to watch for:
- Continued technological advancements in plastic production and recycling processes.
- Increasing regulatory pressures and public demand for sustainable materials.
- Market diversification into bio-based and biodegradable plastics.
- Impact of global supply chain disruptions on domestic production and market value.
- Potential market contraction due to increased environmental regulations and eco-friendly alternatives.
How does Germany rank in Plastics Market Size Value?
| # | 17 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 25,852,000,000 | 2023 | +1.02% | +0.1% | |
| 2 | 2 Italy | 17,442,000,000 | 2023 | +0.79% | -0.77% | View data |
| 3 | 3 France | 10,700,000,000 | 2023 | +0.31% | +0.27% | View data |
| 4 | 4 Poland | 9,568,200,000 | 2023 | +4.44% | +2.28% | View data |
| 5 | 5 United Kingdom | 7,277,300,000 | 2023 | +0.99% | +1.58% | View data |
