The paper and paper products industry in Austria saw a significant uptick in turnover starting from 2017, peaking dramatically in 2018 with a year-on-year growth of 66.51%. This surge continued albeit at a slower pace, reaching 12.28 billion Euros in 2023. Over the past five years, the Compound Annual Growth Rate (CAGR) was 2.91%. The last two years showed a consistent yet moderate increase with annual growth rates of 3.11% in 2022 and 2.99% in 2023.
Looking forward, the industry is forecasted to maintain steady growth, with a forecasted five-year CAGR of 2.09% and an overall growth rate of 10.92% by 2028. Factors such as increased demand for sustainable paper products and advancements in recycling technology could drive future trends. Additionally, global supply chain dynamics and changes in digital media consumption might play significant roles.
