The forecast for the turnover of man-made fibers in Germany indicates a gradual decline from 2024 to 2028, starting at 1.78 billion Euros in 2024 and reducing to 1.56 billion Euros by 2028. Based on the available data, the industry experienced a peak turnover in 2023 at a slightly higher level than 2024 projections. The year-on-year forecasted decline averages around 2-3% annually, showcasing a steady downward trend over this period. The five-year compound annual growth rate (CAGR) from 2024 to 2028 is expected to reflect this decline.
Future trends to watch include advancements in sustainable and eco-friendly fiber production, which could mitigate the decline by aligning with global demand for sustainable products. Additionally, technological innovations in fiber manufacturing, as well as trade regulations and market dynamics, could significantly influence future turnover patterns.
