The packaging paper turnover in Spain showed a moderate yet steady increase from 2013 to 2023, reaching 5.90 billion Euros in 2023. Key fluctuations include a significant rise of 14.36% in 2017 and a decrease of 6.72% in 2020. The period from 2019 to 2023 saw a mixed trend, with a decline in 2020 followed by consistent growth, registering a year-on-year increase of 1.79% in 2023. The Compound Annual Growth Rate (CAGR) over the last 5 years up to 2023 stood at 1.59%.
Looking forward to the forecasted period from 2024 to 2028, a continued steady growth is anticipated, with the packaging paper turnover expected to reach 6.41 billion Euros by 2028. The forecasted 5-year CAGR is projected at 1.3%, indicating a stable growth environment. Future trends to watch for include advancements in sustainable packaging solutions, regulatory changes affecting material usage, and potential shifts in consumer behavior towards eco-friendly products.
