From 2013 to 2023, the number of employees in the Packaging Paper sector in Austria has shown a general upward trend with occasional fluctuations. As of 2023, the sector employs approximately 6.48 thousand individuals. Over the last two years, the year-on-year growth rates were 1.98% in 2022 and 1.57% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years stands at 3.79%, indicating a steady increase in employment in recent years.
Looking forward, the forecasts for the 2024 to 2028 period suggest a continued, albeit slower, growth with the number of employees expected to reach 6.75 thousand by 2028. The forecasted five-year CAGR is 0.57%, reflecting a moderation in growth compared to the recent past.
Future trends to watch for:
- Automation and technological advancements potentially impacting labor demands.
- Sustainability initiatives and their influence on employment and skill requirements.
- Market demand shifts for packaging materials due to consumer behavior changes and regulatory policies.