The European business enterprise R&D expenditure in the manufacture of paper and paper products in 2023 stood at 72.94 million euros for Italy, 30.38 million euros for Portugal, 15.13 million euros for Spain, 3.28 million euros for Lithuania, and 2.27 million euros for Slovenia. The year-on-year variation indicates growth in Portugal (9%) and Lithuania (49.25%), while Italy (-0.64%), Spain (-1.11%), and Slovenia (-10.02%) faced declines. The last five years showed variable trends, with Portugal and Lithuania exhibiting notable growth rates.
Future trends to watch include increased focus on sustainable paper production and innovation in recycling technology, potentially impacting R&D expenditure. Countries with positive growth, like Portugal and Lithuania, may continue to invest in eco-friendly developments, while countries with decreasing investments might revamp their strategies to remain competitive.
Top countries in Business Enterprise R&D Expenditure in Manufacture of Paper and Paper Products by Country
| # | 5 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 72.94 | 2023 | +1.83% | -0.64% | View data |
| 2 | 2 Portugal | 30.38 | 2023 | +10.46% | +9% | View data |
| 3 | 3 Spain | 15.13 | 2023 | -0.4% | -1.11% | View data |
| 4 | 4 Lithuania | 3.28 | 2023 | +25.66% | +49.25% | View data |
| 5 | 5 Slovenia | 2.27 | 2023 | +0.13% | -10.02% | View data |
