The analysis of recycled paper packaging waste in Finland from 2013 to 2023 shows an overall upward trend. In 2013, the volume stood at 252.4 thousand metric tons, increasing steadily to 343.09 thousand metric tons in 2023. The year-on-year growth rates varied, with significant increases noted in 2015 (9.04%) and 2020 (10.42%). However, there were minor declines in 2018 and 2021. The compound annual growth rate (CAGR) over the last five years up to 2023 was 2.71%, reflecting steady growth.
Future trends to watch for include:
- Continued steady growth with a forecasted 5-year CAGR of 1.29%, leading to a 6.62% increase by 2028.
- Potential impact of sustainability initiatives and regulatory changes aimed at increasing recycling rates.
- Technological advancements in recycling processes which may improve efficiency and capacity.
- Market demand fluctuations influenced by consumer behavior towards sustainable products.