Forecast: Production in Packaging Paper Sector in Austria

The production value of the packaging paper sector in Austria has shown a generally upward trend from 2013 to 2023, reaching 1.83 billion Euros in 2023. Early years saw fluctuations, with slight declines in 2013, 2015, and 2016. However, marked growth occurred from 2017 onwards, with a notable peak increase of 12.97% in 2019. From 2018 to 2023, the industry experienced steady growth, with consistent annual increases averaging around 2.62% to 3.08%.

A closer look at the past five years reveals a compound annual growth rate (CAGR) of 4.14% indicating robust sector health. For the future, the forecast from 2024 to 2028 projects sustained growth with an average annual increase of 1.85%, while the forecasted overall growth rate for the next five years stands at 9.59%.

Future trends to watch:

  • Continued investment in sustainable and eco-friendly packaging solutions
  • Technological innovations improving production efficiency
  • Potential impacts of global supply chain dynamics and regulatory changes