The market for waste and scrap of paper and paperboard in the UK is forecasted to decrease from $713 million in 2024 to $673.34 million in 2028. Compared to 2023, where the market was valued at $723.65 million, this represents a consistent year-on-year decline. The average annual contraction (CAGR) over the next five years is expected to be around 1.44%.
Future trends to watch for include:
- The impact of technological advancements in recycling and waste processing, potentially reversing or slowing down current declines.
- Policy shifts and regulatory changes in waste management and environmental sustainability, influencing market dynamics.
- Fluctuations in global demand for recycled materials, particularly from emerging economies.