Germany Packaging Machinery Market Outlook

Germany's packaging machinery market has experienced strong growth over the past few decades and is expected to remain a key source of growth in the european economy over the next decade. according to the german association for packaging machinery (dvvm), germany is the largest packaging machinery market in europe, accounting for over 50% of total european packaging machinery production and sales. the packaging machinery market in germany has strong growth potential in the near future due to the increasing demand for more efficient and effective food packing processes, as well as the increasing automation of the manufacturing industry. this is expected to drive an increase in the use of sophisticated packaging machinery, such as automated cartoning machines, robotic palletizers, and automated wrapping machines. the german packaging machinery market is highly concentrated, with a few leading players such as bosch, gea, and krones dominating the market. in 2017, the top three companies accounted for around 40% of the total german packaging machinery market. the top ten companies, together holding around 60% of the total market, are expected to drive the german market growth over the next decade. the domestic market in germany is expected to remain the main driver of growth, with strong demand from food and beverage, pharmaceutical, and other industries pushing the growth rates. in addition, foreign investments in the german market are expected to boost growth in 2018 and beyond due to the advantages offered by the skilled labor force and the overall economic environment in germany. the packaging machinery market in germany is expected to see steady growth in the next decade as demand for efficient packaging solutions continues to increase. this is likely to be driven by technological developments, government regulations, and increased product awareness among consumers. from 2018 to 2032, the german packaging machinery market is expected to grow at a compound annual growth rate (cagr) of 3.5 percent, reaching a value of us$ 9.9 billion by 2032.