The packaging paper production value in Austria saw notable fluctuations between 2013 and 2023, standing at 1.83 billion Euros in 2023. After a small dip in 2016, the value showed a robust recovery, particularly from 2017 onwards, with significant year-on-year growth rates of up to 12.97% in 2019. The average annual growth over the past 5 years has been approximately 4.14% but showed signs of slight deceleration.
For the next 5 years, a more moderate growth pattern is expected with a forecasted CAGR of 1.85%, resulting in a projected value of 2.05 billion Euros by 2028. This implies a forecasted overall growth rate of 9.59% from 2023 to 2028.
Future trends to watch for:
- Increasing environmental regulations which may impact production processes and costs.
- Technological advancements in sustainable packaging materials and production efficiencies.
- Shifts in consumer demand towards sustainable and recyclable packaging options.