In 2023, the Packaging Paper Sector in Germany stood at 98.607 million hours worked. Historical data from 2013 to 2023 shows a fluctuating trend with notable increases and decreases. The sector had a significant growth of 10.71% in 2018, slowed down in 2020 with a decline of -5.12%, and showed small variations through 2022 and 2023.
Year-on-year variation for the last two years (2022-2023) indicates minimal growth with 0.59% and 0.58% respectively. The Compound Annual Growth Rate (CAGR) for the last five years (2018-2023) reflects a modest average annual change of -0.34%.
Future projections (2024-2028) suggest a growth trend with an average annual increase (forecast 5-year CAGR) of 0.44%, accumulating to an overall forecast growth rate of 2.23% by 2028, reaching 101.38 million hours.
Future trends to watch for:
- Technological advancements and their impact on labor hours
- Environmental regulations influencing industry practices
- Potential economic fluctuations and their effects on sector demands