Market Size of Packaging Industry in Germany
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.10 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Germany Packaging Market Analysis
The German packaging industry is expected to record a CAGR of over 4.1% during the forecast period (2021 - 2026). With a production volume approximated to hover around EUR 4.1 billion a year, the German packaging machine industry is projected to be ranked second in the world, after the United States, and ahead of Japan and Italy.
- The country is witnessing a demand for smaller pack sizes in the packaged food and personal care industries. This trend is further expected to intensify over the forecast period. The increase in the number of small or single-person households, the demand for convenience through on-the-go packaging and resealability, and the best-before date recommendation strongly benefit the demand for packaging materials used for products, such as sauces, dressings and condiments, confectionery, and processed fruits and vegetables.
- Owing to the increasing employability of women, there has been an upward trend in the level of disposable incomes. Furthermore, the high birth rates in the country are influencing the demand for packaged baby food.
- The consumption of flexible plastics is expected to increase, driven by various advantages, such as lightweight. Additionally, the demand for small and convenient packaging and improvements in design are aiding this trend.
- Over the forecast period, the products that are considered as green packaging materials are expected to witness an increase in usage, owing to the increasing regulations against the high degree of plastic pollution. Owing to such restrictions, paper and glass packaging are anticipated to witness high demand in the industry, as they can be considered as substitution possibilities for plastics.
