In 2023, the packaging paper turnover in Norway stood at 168.0 million Euros. The forecasted data for 2024 to 2028 shows a consistent year-on-year decline: -3.7% from 2024 to 2025, -3.9% from 2025 to 2026, -4.0% from 2026 to 2027, and -4.2% from 2027 to 2028. This results in a five-year Compound Annual Growth Rate (CAGR) of -3.6%, indicating a steady decrease in packaging paper turnover over the forecasted period.
Future trends to watch for:
- Increasing demand for sustainable and eco-friendly packaging solutions.
- Advances in packaging technology potentially affecting productivity and costs.
- Economic factors, such as an overall decrease in goods production, reducing packaging needs.
- Regulatory changes and environmental policies impacting manufacturing practices and market dynamics.
