The number of employees in the Packaging Paper Sector in Germany stood at 66.66 thousand in 2023, following a generally upward trend since 2013, despite some fluctuations. From 2013 to 2023, the sector experienced variations both positive and negative, with notable increases in 2017 (4.67%) and especially in 2018 (14.04%). However, a decline occurred in 2020 (-5.04%). Over the last two years, year-on-year growth was stable at around 1.09% annually. The compound annual growth rate (CAGR) for the past 5 years was -0.22%, reflecting the pandemic's impact.
Looking ahead, the sector is expected to continue growing, with forecasted employee numbers reaching approximately 70.14 thousand by 2028. The anticipated 5-year CAGR is 0.81%, indicating steady growth, and the forecasted growth rate over the same period is 4.11%.
Future Trends to Watch For:
- Technological advancements and automation impacting workforce needs.
- Sustainability trends driving increased demand for eco-friendly packaging solutions.
- Economic factors and potential market volatility affecting employment numbers.
- Global supply chain dynamics influencing the German packaging paper sector.