From 2016 to 2020, the UK saw a consistent decrease in the sold production value of testliner, dropping from 72.657 million euros to 18.412 million euros. This represents a significant year-on-year decline, with each year witnessing an approximate reduction of 20% in production value. From 2019 to 2020, the drop was notably sharper at 41.7%. Over this period, the compound annual growth rate (CAGR) was a negative 25.19%, reflecting an average annual decline of over 25% in the sold production value.
Looking to the future, important trends to monitor include:
- The impact of technological advancements in recycling processes, potentially increasing efficiency.
- Market demand fluctuations for recycled liner board driven by sustainability policies and environmental awareness.
- Economic conditions post-pandemic and their influence on industrial output and consumption patterns in the packaging sector.