Germany Plastic Resin Market Size & Outlook, 2023-2030
Germany plastic resin market, 2018-2030 (US$M)
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Germany plastic resin market highlights
- The Germany plastic resin market generated a revenue of USD 7,722.4 million in 2023 and is expected to reach USD 31,830.9 million by 2030.
- The Germany market is expected to grow at a CAGR of 22.4% from 2024 to 2030.
- In terms of segment, polystyrene foam was the largest revenue generating type in 2023.
- Melamine Foam is the most lucrative type segment registering the fastest growth during the forecast period.
Plastic resin market data book summary
| Market revenue in 2023 | USD 7,722.4 million |
| Market revenue in 2030 | USD 31,830.9 million |
| Growth rate | 22.4% (CAGR from 2023 to 2030) |
| Largest segment | Polystyrene foam |
| Fastest growing segment | Melamine Foam |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyurethane Foam, Polystyrene Foam, PVC Foam, Phenolic Foam, Polyolefin Foam, Melamine Foam, Other Types |
| Key market players worldwide | Basf SE, SABIC, Dow Inc, DuPont de Nemours Inc, Evonik Industries AG, Sumitomo Chemical Co Ltd, Celanese Corp Class A, Eastman Chemical Co, Chevron Corp, Lotte Chemical, Exxon Mobil Corp, Formosa Plastics Group, Toray Industries Inc, Mitsui Chemicals Inc, Teijin Ltd, LG Chem, Avient Corp |
Other key industry trends
- In terms of revenue, Germany accounted for 5.7% of the global plastic resin market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany plastic resin market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 19,219.5 million by 2030.
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Plastic Resin Market Scope
Plastic Resin Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany plastic resin 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 resin market will help companies and investors design strategic landscapes.
Polystyrene foam was the largest segment with a revenue share of 27.67% in 2023. Horizon Databook has segmented the Germany plastic resin market based on polyurethane foam, polystyrene foam, pvc foam, phenolic foam, polyolefin foam, melamine foam, other types covering the revenue growth of each sub-segment from 2018 to 2030.
Germany was the leading manufacturer of plastic in Europe in 2020. 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 plastic resins to neighboring countries due to the presence of large production bases. The country also recycles a significant amount of waste plastic into various products such as fibers, sheets, and films. In 2018, Germany was one of the top FDI destinations for companies in the global plastic resins industry value chain.
The country ranks third in the global plastic FDI attractiveness and has been continuing its dominance as the leading plastic FDI destination since the last decade. The country is the largest consumer of non-alcoholic beverages in Europe, which is expected to fuel the demand for plastic resins for use in packaging application.
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Our clientele includes a mix of plastic resin 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 resin market , including forecasts for subscribers. This country databook contains high-level insights into Germany plastic resin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany plastic resin market size, by type, 2018-2030 (US$M)
Germany Plastic Resin Market Outlook Share, 2023 & 2030 (US$M)
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