In 2023, wages and salaries for the UK paper and paperboard articles sector stood at 1.78 billion Euros. Beginning in 2024, forecasts indicate a steady increase reaching 1.86 billion Euros by 2028. Year-on-year growth varies modestly from 1.1% to 1.4% through the period, suggesting stability in wage expansion. The cumulative average growth rate (CAGR) over five years shows an annual increase of approximately 0.88%.
Future trends to watch:
- Rising production costs, impacting wage dynamics.
- Automation potentially reducing wage growth in the sector.
- Sustainability and regulatory shifts influencing employment structure.
