In 2023, the European packaging paper sector saw diverse wage dynamics across countries. Notably, Germany led with 2.9 billion euros, followed by France at 1.25 billion euros, and the UK with 1.07 billion euros. The highest year-on-year growth was in Lithuania, with a 20.29% increase, indicating a strong upward trajectory. Hungary and Romania also marked significant rises of 9.95% and 10.43%, respectively. Conversely, Norway and Bosnia and Herzegovina experienced notable declines, with Norway at -4.41% and Bosnia and Herzegovina at -12.52%. Over the last five years, Poland, Hungary, and Romania displayed robust compounded annual growth rates (CAGR).
Looking forward, economic conditions, supply chain disruptions, and shifts towards sustainable packaging will likely influence wage patterns. Vigilant monitoring of Eastern European economies, which exhibit faster growth potentials, is advisable. Additionally, potential regulatory changes and technological advancements in packaging solutions could further impact wage trends across the European landscape.
Top countries in Packaging Paper Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 2,900 | 2023 | +1.89% | +0.79% | View data |
| 2 | 2 France | 1,250 | 2023 | +1.7% | +2.52% | View data |
| 3 | 3 United Kingdom | 1,070 | 2023 | +1.2% | +1.34% | View data |
| 4 | 4 Italy | 860.9 | 2023 | +1.83% | +2.36% | View data |
| 5 | 5 Spain | 685.5 | 2023 | +0.45% | +0.56% | View data |
| 6 | 6 Poland | 568.4 | 2023 | +7.47% | +9.11% | View data |
| 7 | 7 Netherlands | 404 | 2023 | +2.59% | +2.78% | View data |
| 8 | 8 Austria | 369.2 | 2023 | +4.83% | +6.97% | View data |
| 9 | 9 Belgium | 201.6 | 2023 | +0.85% | +3.07% | View data |
| 10 | 10 Denmark | 169.5 | 2023 | +1.44% | +1.65% | View data |
