Germany Plastics Market Growth, Size, Share, Industry Report and Forecast 2020-2026

Posted November 6, 2020 by mansi3210

Germany Plastics Market Size, Share & Trends Analysis Report by Type and by Application , Forecast 2020-2026
The German plastics market will see a considerable growth of 4.1% during the forecast period. Germany is the largest consumer and producer of plastics in Europe. The presence of the well-established end-use industries, such as packaging, buildings & construction, and automotive, is one of the major factors for the huge consumption of plastics in the country.

However, with the rising consumption of plastics, the concern for the environment is increasing at a rapid rate in the country. The Government of Germany has taken up few steps regarding the surge of plastics consumption and environmental protection.

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As per the EU Strategy on Plastics in a Circular Economy 2030, all the plastic material in the EU must be recyclable. The country’s packaging industry is expected to witness a significant growth rate; as per the German Plastics Packaging Industry Association (IK), the packaging industry will witness a growth of 5.1% in 2019.

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The country introduced a new packaging act in 2019, which will make all the companies compulsory to register with the central packaging registry. The new act aims to improve existing law on packaging regarding recycling and the prevention of packaging waste. The act has set a goal of 90% recycling target for metal, glass, and paper & board in 2022, reusable beverage packaging of 70% with an overall plastic target of 63% as compared to 36% in 2019. Thus, all these initiatives are expected to augment the plastic market in the country.

Key questions addressed by the report

• What is the market growth rate during the forecast period?
• Which segment dominates the market in the base year?
• Which segment will project the fastest growth in the market during the forecast period?
• How COVID-19 will impact the market growth in 2020 and coming years?
o Recovery Timeline
o Deviation from pre-COVID-19
o Most affected segment
o Recommendations
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Germany Plastics Market – Segmentation

By Type

• Thermoplastics
o Polyethylene (PE)
o Polypropylene (PP)
o Polystyrene (PS)
o Polyvinylchloride (PVC)
o Polyethylene Terephthalate (PET)
o Others
• Thermosets
o Polyurethane (PUR)
o Epoxy Resins
o Phenolic Resins
o Acrylic Resins
o Others

By Application

• Packaging
• Building & Construction
• Automotive
• Electrical & Electronics
• Household, Leisure & Sports
• Agriculture
• Others

Company Profiles

• Arkema Group
• Overview
• Arkema group in Plastics Landscape
• Recent Developments
• Braskem S.A.
• Celanese Corp.
• Evonik Industries AG
• Koninklijke DSM N.V.
• MBA Polymers, Inc.
• Saudi Basic Industries Corp. (SABIC)

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Contact Email [email protected]
Issued By Mansi Jain
Phone 07803040404
Business Address Orion Market Research Pvt Ltd
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Country India
Categories Business , Industry , Manufacturing
Tags Plastics and Polymers , Market Research , market analysis , Market Forecast
Last Updated November 6, 2020