The number of employees in the paper and paperboard machinery industry in the UK is anticipated to rise from 1,290 in 2024 to 1,320 in 2028. This represents a modest, yet consistent, year-on-year growth. Considering where the industry stood in 2023, compared to 2028 forecasts, there is a positive sentiment reflected with notable improvements projected.
Year-on-year variations show incremental growth rates. The compound annual growth rate (CAGR) over the five years is steady, indicating a healthy trend towards employment increments in this sector.
Future trends to watch for include technological advancements in paper machinery, changes in environmental regulations impacting production processes, and shifts in global paper demand affecting local employment levels. Keeping an eye on these factors will be crucial to anticipate further changes in employment trends within the industry.
