In 2023, Italy led European R&D expenditure in paper manufacturing with 55.26 million euros, showing a significant 23.75% year-on-year growth. Finland followed, although with minimal growth of 0.54%. Portugal and Belgium also experienced notable increases of 9.55% and 15.17%, respectively. Conversely, Sweden decreased by 6.79%, while Poland grew by 5.05%. The Czech Republic saw a decline of 7.85%. Over the past five years, a notable growth trend has been observed across many countries in this sector.
In the future, technological advancements and sustainable practices may drive further investment in R&D within European paper manufacturing, potentially shifting the geographic distribution of expenditure. Watch for Italy strengthening its lead, alongside Finland’s potential to innovate further due to its established forestry resources.
Top countries in Business Expenditure on R&D in Paper and Paper Products Manufacturing Share by Country (Million Euros)
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 55.26 | 2023 | +13.59% | +23.75% | View data |
| 2 | 2 Finland | 15.57 | 2023 | +8.03% | +0.54% | View data |
| 3 | 3 Portugal | 6.97 | 2023 | +13.36% | +9.55% | View data |
| 4 | 4 Belgium | 6.65 | 2023 | +11.62% | +15.17% | View data |
| 5 | 5 Sweden | 5.62 | 2023 | -6.75% | -6.79% | View data |
| 6 | 6 Spain | 3.46 | 2021 | View data | ||
| 7 | 7 Poland | 2.57 | 2023 | +5.46% | +5.05% | View data |
| 8 | 8 Hungary | 0.47 | 2021 | View data | ||
| 9 | 9 Czech Republic | 0.21 | 2023 | +8.38% | -7.85% | View data |
