The UK paper and paperboard production data illustrates notable fluctuations from 2013 to 2023. Starting with significant volatility, the production volume decreased by 48.5% in 2013, then rebounded by 90.59% in 2014, followed by another major drop in 2015. However, from 2016 onwards, the year-on-year variations stabilized, with a continuous upward trend visible from 2020 to 2023, where the production volume in 2023 stood at 4.07 million metric tons.
Over the last two years (2022-2023), UK paper and paperboard production grew by 8.47% and 2.98%, respectively. The five-year compound annual growth rate (CAGR) up to 2023 was a modest 0.87%. Forecasts predict a steady increase up to 2028 with a CAGR of 2.03% and an overall growth of 10.56%.
Future trends to watch for:
- Technological advancements in recycling and sustainable production processes.
- Potential impacts of regulatory changes related to environmental concerns.
- Shifts in demand influenced by digitization and changes in consumer behavior post-pandemic.
- Global supply chain disruptions and their impact on raw material availability and cost.
