The production of paper and paperboard trays, dishes, plates, and cups in the UK is expected to increase steadily from 2024 to 2028. In 2023, the actual production stood at a lower baseline compared to forecasted figures. The year-on-year growth rates for 2024 to 2028 reflect a stable upward trend, with annual increases averaging around 1.6%. The 5-year compound annual growth rate (CAGR) from 2024 to 2028 is anticipated to be somewhat consistent, showcasing sustained demand.
Future trends to monitor include:
- Increased demand for sustainable packaging materials
- Impact of government regulations on single-use plastics
- Technological advancements in paperboard production efficiency
- Fluctuations in raw material costs influencing production volumes
