In 2023, the rubber, plastics, and other non-metallic mineral products manufacturing industry in Germany had a gross value added of €52.9 billion. Forecast data from 2024 to 2028 shows a steady growth, with the industry expected to reach €57.47 billion by 2028. Year-on-year variation demonstrates a consistent annual increase of approximately 1.7%. The compound annual growth rate (CAGR) over the five-year forecast period is also around 1.7%, indicating stable growth.
Future trends to watch for:
- Technological advancements in manufacturing processes.
- Increased demand for sustainable and eco-friendly materials.
- Potential impacts of regulatory changes and environmental policies.
- Global supply chain shifts affecting raw material availability and costs.
