The packaging paper turnover in Austria is forecasted to increase steadily from 2.23 billion Euros in 2024 to 2.4 billion Euros by 2028. This represents an average annual growth rate (CAGR) of approximately 1.85% over the 5-year period. In 2023, the actual turnover stood at 2.19 billion Euros, indicating a moderate year-on-year growth from 2023 to 2024.
Key Points:
- The packaging paper market is expected to grow consistently over the next five years.
- Year-on-year variations suggest stable growth, with low volatility.
- CAGR over the forecast period is around 1.85%.
Future trends to watch for in this sector include increasing demand for sustainable packaging solutions, innovations in recyclable materials, and the impact of regulatory changes on packaging materials. Additionally, advancements in e-commerce could drive further demand for packaging paper.
