The number of employees in the packaging paper sector in Denmark has shown a consistent downward trajectory from 2013 to 2023, with the current value at 2.39 thousand employees. Examining the last two years, there was a year-on-year decline of 2.43% in 2022 and 2.49% in 2023. The Compound Annual Growth Rate (CAGR) over the past five years indicates an average decline of 2.94% annually.
Looking ahead, forecasted data suggest a continued decline in employment, with a projected CAGR of -2.09% from 2024 to 2028, translating to a 10.04% decline over the entire period.
Future trends to watch for include:
- Technological advancements and automation in the packaging sector.
- Changing consumer demands impacting packaging types and materials.
- Industry consolidation and global competitive pressures potentially leading to further reductions in workforce.