In 2023, the turnover in the UK packaging activities sector stood at £5.48 billion. From 2024 onwards, forecasted data shows a steady growth in turnover, beginning at £5.59 billion in 2024 and increasing incrementally to £6.04 billion by 2028. This represents a year-on-year growth: 2.00% from 2023 to 2024, 1.96% from 2024 to 2025, 2.11% from 2025 to 2026, 1.89% from 2026 to 2027, and 1.86% from 2027 to 2028. Over the 2024-2028 period, the Compound Annual Growth Rate (CAGR) averages to approximately 1.96% per year.
Future trends to watch for include increased demand for sustainable and eco-friendly packaging solutions, technological advancements in packaging machinery, and potential regulatory changes impacting packaging materials and processes. Monitoring how these trends influence both the market dynamics and consumer preferences will be crucial for establishing a competitive edge in the sector.
