Germany chemical industry will see a considerable growth of 2.1% during the forecast period. Growing plastics packaging production is further contributes to the adoption of chemicals in the country. The German Plastics Packaging Industry Association (IK) had expected as a 5.1% rise in sales for German plastic packaging production in 2018 and a 3.9% rise in volume. The growth has been witnessed in all segments. IK had anticipated that the sector turnover will reach nearly $17.2 billion in 2018. The growth in plastics packaging production has primarily led by its considerable adoption in the food industry and drug packaging. Moreover, due to the COVID-19 outbreak, the demand for plastics packaging solutions is on the rise owing to the rising demand from food delivery services and pharmaceutical and medical devices packaging.
Browse the full report description of "Germany Chemical Market Size, Share & Trends Analysis Report by Type (Petrochemicals, Basic Inorganic, Polymers, Specialty Chemicals, Consumer Chemicals, and Others), Impact of COVID-19 on Germany Chemical Industry, and Forecast 2019-2025" at https://www.omrglobal.com/industry-reports/germany-chemical-market
Amcor Group GmbH, a producer of packaging solutions in Germany has provided a statement on COVID-19 on which the company has declared the business continuity plans across plants and raw material supply chains for the management of risk and maintains productivity. With the emerging situation, Amcor is focused on supporting people, in collaboration with their suppliers, customers, and other partners. Therefore, it shows an increasing demand for their packaging solutions across the food and healthcare sector, which in turn, is expected to drive the adoption of chemicals in the plastics packaging industry amid the COVID-19 pandemic. As per the Food Packaging Forum, plastic packaging is associated with over 4,000 different chemicals, which are used as surfactants, monomers, intermediates, solvents, plasticizers, accelerators, biocides, stabilizers, flame retardants, and colorants.
Market Coverage
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Report Elements |
Details |
|
Study Period |
2018-2025 |
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Base year |
2018 |
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Forecast period |
2019-2025 |
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Segments Covered |
By Type |
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Key Companies Profiled |
Condor Flugdienst GmbH,
Deutsche Lufthansa AG, Eurowings GmbH, Air Berlin PLC & Co. Luftverkehrs
KG, and SunExpress |
Key Questions Addressed By The Report
o Recovery Timeline
o Deviation from pre-COVID-19
o Most affected segment
o Recommendations
Germany Chemical Market – Segmentation
By Type
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