Germany Plastic Market Size & Outlook, 2023-2030
Germany plastic market, 2018-2030 (US$M)
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Germany plastic market highlights
- The Germany plastic market generated a revenue of USD 36,064.8 million in 2023 and is expected to reach USD 48,291.2 million by 2030.
- The Germany market is expected to grow at a CAGR of 4.3% from 2024 to 2030.
- In terms of segment, packaging was the largest revenue generating end use in 2023.
- Medical Devices is the most lucrative end use segment registering the fastest growth during the forecast period.
Plastic market data book summary
| Market revenue in 2023 | USD 36,064.8 million |
| Market revenue in 2030 | USD 48,291.2 million |
| Growth rate | 4.3% (CAGR from 2023 to 2030) |
| Largest segment | Packaging |
| Fastest growing segment | Medical Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Packaging, Construction, Electricals & Electronics, Automotive, Medical Devices, Agriculture, Furniture & Bedding, Consumer Goods, Utility |
| Key market players worldwide | Basf SE, SABIC, Dow Inc, DuPont de Nemours Inc, Evonik Industries AG, Sumitomo Chemical Co Ltd, Arkema SA, Celanese Corp Class A, Eastman Chemical Co, Chevron Corp, Lotte Chemical, Exxon Mobil Corp, Formosa Plastics Group, Covestro AG, Toray Industries Inc, Mitsui & Co Ltd, Teijin Ltd, INEOS, LG Chem, Lanxess AG, CHIMEI, Huntsman Corp, LyondellBasell Industries NV Class A, Miller Waste Mills |
Other key industry trends
- In terms of revenue, Germany accounted for 5.6% of the global plastic market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany plastic market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 24,136.0 million by 2030.
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Plastic Market Scope
Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Germany plastic market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to plastic market will help companies and investors design strategic landscapes.
Packaging was the largest segment with a revenue share of 35.35% in 2023. Horizon Databook has segmented the Germany plastic market based on packaging, construction, electricals & electronics, automotive, medical devices, agriculture, furniture & bedding, consumer goods, utility covering the revenue growth of each sub-segment from 2018 to 2030.
Germany was the leading manufacturer of plastic in Europe in 2023. The country is self-sufficient in terms of plastic production with an adequate number of plants and production capacities to fulfill the local demand. Moreover, it supplies PET, PVC, and other types of plastics to neighboring countries due to the presence of large production bases.
Germany is one of the leading countries in terms of recycling rates. According to a 2022 report by the German Society for Packaging Market Research, the country’s plastic recycling rate accounted for 67.5% in 2023, a 2% increase in comparison with the previous year.
Recycling is beneficial for plastic product manufacturers as well. The manufacturers of PET bottles, for instance, can get back the material waste produced or send it to recycling companies that produce new bottles, which can be re-used for various purposes.
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Target buyers of Germany plastic market databook
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Our clientele includes a mix of plastic market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany plastic market , including forecasts for subscribers. This country databook contains high-level insights into Germany plastic market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany plastic market size, by end use, 2018-2030 (US$M)
Germany Plastic Market Outlook Share, 2023 & 2030 (US$M)
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