Recycled steel packaging waste in the UK exhibited fluctuations from 2013 to 2023. In 2023, it reached 442.33 thousand metric tons. The period from 2013 to 2023 witnessed significant variations, with notable increases in 2016 and 2017, followed by a stabilizing trajectory with modest growth. The year-on-year percentage change for 2022 was 1.15%, almost consistent with the 1.11% in 2023. The compound annual growth rate (CAGR) over the last five years was 1.47%, indicating a steady upward trend.
The forecasted period from 2024 to 2028 suggests a continuing growth pattern for recycled steel packaging waste, with an average annual forecasted CAGR of 0.8%. By 2028, the sector is expected to expand by approximately 4.06% from the 2023 baseline.
Future trends to watch for include potential impacts from evolving environmental regulations, technological advancements in recycling processes, and market demands for sustainable packaging solutions.
