In 2023, the sold production of corrugated paper and paperboard in the UK was recorded at 385.67 million euros. The forecasted data from 2024 to 2028 indicates a downward trend, with values beginning at 373.52 million euros in 2024 and declining steadily to 324.53 million euros by 2028. This represents a consistent decrease year-on-year, highlighting an average annual contraction or Compound Annual Growth Rate (CAGR) over this period. The estimated year-on-year declines are approximately 3.4% for each successive year from 2024 onwards.
Future trends to monitor include:
- Technological advancements in packaging materials for sustainability.
- Economic fluctuations influencing raw material costs.
- Regulatory changes impacting the paper and packaging industry.
- Increasing demand for biodegradable and eco-friendly packaging solutions.
