Market revenue in 2023 | USD 1,471.4 million |
Market revenue in 2030 | USD 2,676.1 million |
Growth rate | 8.9% (CAGR from 2023 to 2030) |
Largest segment | Paper & paperboard |
Fastest growing segment | Paper & Paperboard |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Paper & Paperboard, Plastics |
Paper & paperboard was the largest segment with a revenue share of 46.79% in 2023. Horizon Databook has segmented the Germany aseptic packaging market based on paper & paperboard, plastics covering the revenue growth of each sub-segment from 2018 to 2030.
Growth of food & beverage processing industry in the country in account of high consumer spending on the processed food products over the next eight years. Growing demand for plant-based beverages in the country are expected to drive demand for aseptic packaging over the forecast period.
Germany is one of the leading business locations for medical technology in the world. The manufacturers in country invest over 9% of their total income in the R&D and product innovation.
In addition, the pharmaceutical industry players in the country easily adapt with the new technologies and put high investment on latest technologies in order to meet the changing market demand for the product in terms of quality and safety.
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