The forecast for the sold production of plastics in primary forms in Germany shows a consistent decline from 2024 to 2028, decreasing from 4.0225 billion kilograms to 3.6075 billion kilograms. In 2023, the figure stood at 4.1278 billion kilograms, indicating a year-on-year decline of approximately 2.5% for 2024. The subsequent years until 2028 show an average annual decrease of around 2.5%, with a compound annual growth rate (CAGR) of approximately -2.67% over five years.
Future trends to watch for include:
- Impact of environmental regulations on production practices.
- Potential advancements in recycling technologies that may affect production volumes.
- Volatility in raw material prices influencing production dynamics.
- Shifts in global demand for plastics impacting German production levels.