The volume of recycled packaging waste in the UK grew from 6.71 million metric tons in 2013 to 7.991 million metric tons in 2023. Year-on-year variations showed periods of acceleration and deceleration, with notable increases in 2016 and subsequent years through 2023. A compound annual growth rate (CAGR) of 1.69% was recorded over the last five years. The forecasted data predicts the volume will continue to rise, reaching 8.5239 million metric tons by 2028, driven by a 5.21% growth rate and 1.02% projected CAGR over the forecast period. In 2023, the volume stood at 7.991 million metric tons.
Future trends to watch:
- Increasing regulatory pressures on recycling rates and packaging waste management.
- Technological advancements in recycling processes enhancing efficiency.
- Market shifts towards sustainable and eco-friendly packaging materials.