The French market for parts of machinery for paper and paperboard production is projected to decline steadily from 2024 to 2028. The value in 2023 stood higher than the forecasted figures with a noticeable downward trend starting in 2024, reaching 22.777 million euros by 2028.
Year-on-year variations from 2024 show consistent negative growth with substantial reductions projected annually. Specifically, the compound annual growth rate (CAGR) over this five-year period suggests an average decrease in production value.
Future trends to watch include:
- Advancements in digital printing technology could further impact demand for traditional machinery parts.
- Sustainability initiatives might drive innovation in machinery efficiency, altering market dynamics.
- Potential fluctuations in global supply chains affecting raw material availability and cost.