The Germany thermoplastics market will see considerable growth during the forecast period. Germany is one of the largest consumer and producer of thermoplastics in Europe. Among all the end-users of plastics in Germany, packaging industry is expected to witness growth during the forecast period. Technological improvements are one of the major factors driving the growth of the packaging segment in the country. As per the EU Strategy on Plastics in a Circular Economy 2030, all the plastic material in the EU must be recyclable.
Browse the full report description of "Germany Thermoplastics Market Size, Share & Trends Analysis Report by Type (Polyethylene (PE), Polypropylene (PP), Polystyrene (PS), Polyvinylchloride (PVC), Polyethylene Terephthalate (PET), and Others) and by Application (Packaging, Building & Construction, Automotive, Electrical & Electronics, Household, Leisure & Sports, Agriculture, and Others), Forecast 2020-2026" at https://www.omrglobal.com/industry-reports/germany-thermoplastics-market
The Germany 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. 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 thermoplastics market in the country.
Market Coverage
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Report Elements |
Details |
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Study Period |
2019-2026 |
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Base year |
2019 |
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Forecast period |
2020-2026 |
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Segments Covered |
By Type and By Application |
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Key Companies Profiled |
BASF SE, INEOS AG,
Cleanse Corp., Braskem SA, Evonik Industries AG, and MBA Ploymers Inc. |
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID-19
o Most affected segment
o Recommendations
Germany Thermoplastics Market – Segmentation
By Type
By Application
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