The UK corrugated paper and paperboard market has seen significant fluctuations over the past decade, peaking in 2017 before experiencing consecutive declines. As of 2023, production was approximately 421.13 million kilograms, with the past two years showcasing minor drops in production. Over the past five years, the compound annual growth rate indicates a decline of approximately -4.17%, projecting a downward trend.
Looking forward, the industry is expected to continue its contraction through 2028, with notable modernization pressures including sustainable packaging trends, recycling efficiency, and technological advancements in manufacturing. Monitoring these factors is crucial to understanding future market dynamics.
