The turnover for the Pulp, Paper, and Paperboard sector in Italy has experienced fluctuations over the past decade. From 2013 until 2023, the turnover demonstrated periods of both growth and decline. Notably, there was a significant drop of 22.54% in 2020, likely due to the global pandemic. The sector began recovering in the subsequent years, showing a 16.27% increase in 2021 and an 8.95% increase in 2022. As of 2023, the sector's turnover reached 6.49 billion euros, reflecting a 5.98% year-on-year growth compared to 2022.
Key points:
- 2013-2020: Mixed performance with a notable decline in 2020.
- 2021-2023: Recovery phase with steady year-on-year growth.
- 2023 turnover: 6.49 billion euros.
- Future forecasts (2024-2028) estimate moderate growth with a 5-year CAGR of 0.88% and an overall 5-year growth rate of 4.48%.
Future trends to watch for include the impact of digital transformation, sustainability practices, and shifting consumer preferences towards environmentally friendly products. Monitoring these factors will be critical in understanding the potential growth trajectory of the sector.
