The number of enterprises in the UK involved in paper and paperboard articles is projected to decline from 842 in 2024 to 649 by 2028. This represents a steady decrease each year: 5.93% from 2024 to 2025, 6.18% from 2025 to 2026, 6.32% from 2026 to 2027, and 6.74% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year period is approximately -6.28%, indicating a robust downward trend.
Future trends to watch for:
- Technological advancements and digitalization impacting paper demand.
- Shifts towards sustainability and eco-friendly packaging alternatives.
- Potential economic and regulatory influences on enterprise viability.
