The forecast for the re-import of printed paper labels to China indicates a significant downward trend from 2024 to 2028. Starting at 1.7574 million kilograms in 2024, the volume is expected to decline steadily, reaching 0.62282 million kilograms by 2028. This represents a substantial decrease, with a year-on-year reduction each year and a compounded annual growth rate (CAGR) decline over the five-year period. As per 2023 data, the volume stood higher than the forecast for 2024, indicating a consistent drop since then.
Future trends to watch:
- The digital transformation in packaging, leading to reduced demand for traditional paper labels.
- China's increasing local production capabilities, reducing reliance on imports.
- Environmental policies affecting paper-based products.
