Between the years 2024 and 2028, non-renewable municipal waste final consumption in the chemical and petrochemical sectors in Germany is forecasted to grow steadily. Starting at 28.92 thousand tonnes of oil equivalent in 2024, this figure is expected to increase annually, reaching 32.73 by 2028. The average year-on-year growth over this period stands around 3%, with a compound annual growth rate (CAGR) of approximately 3.1%.
Future trends to watch for:
- Monitoring any regulatory changes and environmental policies aimed at reducing non-renewable waste consumption, which could impact the sector's reliance on such resources.
- Technological advancements in waste recycling and reuse in the chemical and petrochemical industries that may drive more sustainable practices.
- Shifts in consumer and industrial demand driving the need for greener solutions could influence the consumption patterns.
- Economic factors, including pricing of non-renewable resources, could affect the consumption trajectories going forward.