The turnover in the Packaging Paper sector in Sweden has experienced significant fluctuations over the past decade. From 2013 to 2017, the sector witnessed a general decline. However, 2018 saw a dramatic increase of 78.56%, highlighting a temporary surge. This was followed by fluctuations until 2023, where the value stood at 11.77 billion Swedish Kronas, reflecting a continuing downward trend with a -5.84% year-on-year decrease. The CAGR over the last five years was -5.87%, emphasizing a steady decline.
Looking forward, forecasted data from 2024 to 2028 suggest a continual decline in turnover, culminating in an expected value of 8.23 billion Swedish Kronas by 2028. The forecasted 5-year CAGR is -5.72%, indicating an overall predicted decrease of 25.52% over this period.
Future trends to watch for:
- The impact of sustainability initiatives and regulations on the sector.
- Technological advancements and their role in reducing costs and increasing efficiency.
- The effect of global supply chain disruptions and raw material price volatility.
- Shifts in consumer demand towards eco-friendly packaging solutions.
