The Danish packaging paper sector saw its production value peak in 2018 at 5.2 billion Danish Krones, followed by a notable decline in 2019 and a minor dip in 2020. However, from 2021 onwards, production stabilized and exhibited a gradual year-on-year growth, standing at 4.75 billion Danish Krones in 2023. Over the past decade, the sector experienced fluctuations, with notable increases in 2016 and 2018, but also significant drops in 2019.
Two key observations are:
- The year-on-year variation from 2022 to 2023 was a modest 0.4%, signaling stabilization.
- The five-year CAGR leading up to 2023 was -1.82%, reflecting overall negative growth in recent years.
Future trends to watch for include:
- A forecasted five-year CAGR of 0.31%, implying slow but consistent growth.
- An increase in the value of production projected to reach 4.84 billion DK by 2028.
