The production value of paper and paperboard machinery in Germany stood at 1.76 billion Euros in 2023. Historical data reveals a peak in 2017 at 2.02 billion Euros, followed by a marked decline, particularly in 2020-2021 due to adverse economic factors. However, the growth resumed slightly, achieving a 2.92% year-on-year increase in 2023.
Over the last five years, the compound annual growth rate (CAGR) was a moderate -0.53%, indicating slight contraction. Future trends forecast a slight decline, concluding at 1.68 billion Euros in 2028, with a -0.73% five-year CAGR.
Future trends to watch for:
- Impact of technological advancements and industry automation.
- Evolution of sustainability initiatives and their influence on production.
- Global trade dynamics and economic conditions.
