According to current trend assessments, the German Plastics Packaging Industry Association (IK) is expecting a 5.1 percent increase in sales for German plastic packaging production in the current year and a 3.9% increase in volume.
“The plastic packaging industry is continuing to benefit from generally very good economic conditions in Germany,” commented IK industry expert Inga Kelkenberg as she reported on the current situation.
“Negative reports and discussions in the media are currently having no effect on the market. The increase in sales of 5.1 percent is above the previous year’s growth figure of 3.9 percent.”
Some noticeable increases are apparent in all segments. In individual product groups such as bottles, price increases in raw material have become noticeable which are reflected in higher revenue growth. If the trend continues as expected this year, sector turnover will reach 15.5 billion euros. At the same time however, companies in the sector are complaining about rising energy costs and are finding it increasingly difficult to fill new job vacancies. The market assessment is based on currently available statistics and an industry survey carried out by GVM Gesellschaft für Verpackungsmarktforschung mbH for the IK.
"We observed a particularly high demand for industrial packaging. In addition, the hot summer boosted demand for bottles. Demand for stand up pouches and bag-in-box pouches also increased," Inga Kelkenberg tells Packaging Europe.