In 2023, the turnover per employee in the paper and paper products sector in the UK was below the forecast for 2024, marking the beginning of a steady growth trend. From 2024 through 2028, there is a consistent year-on-year increase in turnover per employee, with an average annual growth rate (CAGR) in the vicinity of 0.65% annually. This modest growth suggests incremental improvements in productivity and efficiency within the industry.
Future trends to watch for include:
- Technological advancements in production processes that can drive higher productivity.
- Impact of environmental policies and sustainability initiatives on operational costs and efficiency.
- Potential shifts in global paper demand that could affect turnover.