The turnover for the UK pulp, paper, and paperboard industry is forecasted to decrease from 2.05 billion euros in 2024 to 1.67 billion euros in 2028, representing an overall downward trend. From 2023 to 2024, an increase to 2.05 billion euros is predicted, but subsequent years show annual declines by varying percentages. The compounded annual growth rate (CAGR) over these five years underscores a negative average annual change.
Future trends to monitor include:
- Technological advancements that could improve production efficiency or alter demand dynamics.
- Environmental regulations impacting production methods or costs.
- Shifts in consumer preferences towards digital alternatives to paper products.
- Potential impacts of Brexit on trade and supply chain logistics in the paper industry.