The turnover for packaging paper in Germany has experienced fluctuations over the past decade. From 2013 to 2018, there was a steady increase with notable peaks, such as a 16.45% rise in 2018. However, post-2019 saw more moderate growth and occasional declines, like the -5.25% variation in 2020. By 2023, the turnover reached 16.33 billion Euros, marking a 1.87% increase from the previous year. The last two years showed a generally positive trend with incremental growth. The 5-year CAGR leading up to 2023 stood at 0.6%, reflecting slower average annual growth over recent years.
Looking ahead, from 2024 to 2028, forecasts suggest a consistent upward trend, with an expected steady rise in turnover, reaching 17.79 billion Euros by 2028. The forecasted 5-year CAGR is 1.36%, indicating moderate but sustained growth. Key factors influencing this trend include advancements in sustainable packaging, regulatory changes, and evolving consumer preferences favoring eco-friendly products.
Future trends to watch for include:
- The impact of sustainability initiatives on production practices.
- Technological advancements in packaging materials.
- Regulatory shifts towards reducing plastic usage.
- Consumer shifts towards eco-friendly packaging solutions.