Forecast: Employment in Packaging Paper Sector in Denmark

From 2013 to 2018, employment in the packaging paper sector in Denmark generally displayed a positive trend with an increase peaking in 2018 at 2.61 thousand FTEs. However, a notable decline of 7.13% occurred in 2019, followed by relatively minor fluctuations and a slight year-on-year decrease of 0.41% in both 2022 and 2023, positioning the employment level at 2.41 thousand FTEs in 2023. Over the last two years (2022-2023), the sector saw an annual decline, and the average annual variation over the last 5 years (CAGR) is -1.59%, indicating a slowdown.

Looking forward, the forecasted data suggests a continued slight decline in employment, with a forecasted 5-year CAGR of -0.2% and an overall 5-year growth rate of -1% by 2028. This indicates a stable yet gradually shrinking workforce in the coming years.

Future trends to watch for:

• Technological advancements and automation which may affect labor demand.
• Global market dynamics influencing the packaging paper industry.
• Environmental and regulatory considerations impacting sector employment.