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.
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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.
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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?
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Germany Chemical Market – Segmentation
By Type
- Petrochemicals
- Basic Inorganic
- Polymers
- Specialty Chemicals
- Consumer Chemicals
- Others (Auxiliaries for Industry)
Company Profiles
- Air Berlin PLC & Co. Luftverkehrs KG
- Alexander Schleicher GmbH & Co.
- Condor Flugdienst GmbH
- Deutsche Lufthansa AG
- Eurowings GmbH
- Germania Fluggesellschaft mbH
- SunExpress
- TUI Group
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