In 2023, the production of paper sacks and bags in the UK with a base width not exceeding 40 cm stood at 210.62 million euros. Forecasts indicate that production will rise gradually from 2024 to 2028, reaching 229.32 million euros by the end of this period. From 2024 onwards, the year-on-year growth rates are primarily steady, showcasing a modest upward trend. With an average Compound Annual Growth Rate (CAGR) over the five years projected to be approximately 1.7%, the industry is set for slow yet consistent growth.
Future trends to watch:
- Increasing environmental awareness may drive up demand for reusable and recyclable paper bags.
- Regulatory shifts focusing on sustainability could further impact production dynamics.
- E-commerce and retail practices continuously evolving to potentially influence packaging needs.
