In 2023, the total hours worked by employees in the packaging paper sector in Italy stood at 44.932 million hours. Analyzing the data, we observe consistent year-on-year growth from 2013 through 2023, with notable increases particularly in 2017 (6.39%) and a steady climb in subsequent years. Over the last two years, the growth has slightly slowed down with annual increases around 1.4% for both 2022 and 2023. The compound annual growth rate (CAGR) for the last five years (2018-2023) stands at 1.85%, indicating a moderate but steady upward trend.
Looking ahead, forecasted data suggests continued growth, albeit at a slower pace with a projected forecasted five-year CAGR of 1.03% from 2024 to 2028. The total hours worked is expected to reach 47.933 million by 2028, marking a 5.24% growth over the forecasted period.
Future trends to watch for include:
- Potential impacts of technological advancements on workforce hours.
- Shifts in demand for packaging paper driven by e-commerce growth and sustainable packaging trends.
- Economic fluctuations impacting production and labor requirements.
