Market Trends of Packaging Industry in Germany
This section covers the major market trends shaping the Germany Packaging Market according to our research experts:
Plastic Packaging to Hold Dominant Share
Being the largest producer of chemicals and plastics in Europe, Germany is home to Europe's leading packaging industry.
According to current trend assessments, the German Plastics Packaging Industry Association estimated a 5.1% increase in the sales of plastic packaging in Germany, during the current year, while indicating a 3.9% increase in volume.
As compared to other packaging products, consumers have shown an increasing inclination toward plastic packaging, as plastic packages are lightweight and easier to handle. Similarly, even the major manufacturers prefer to use plastic packaging solutions, because of the low cost of production.
For individual product groups, such as bottles, an increase in the price of raw materials has become noticeable, reflecting in a high revenue growth. If the trend continues as expected this year, the sector’s turnover may reach EUR 15.5 billion.
Furthermore, the plastic segment of the German packaging industry is expected to gradually favour the use of flexible solutions over rigid plastic materials, owing to the various advantages that they offer, such as better handling and disposal, cost-effectiveness, visual appeal, and convenience.
