UK's Paper and Paperboard Market to Grow at 0.9% CAGR, Reaching $11B by 2035 - News and Statistics - IndexBox

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IndexBox has just published a new report: United Kingdom - Paper and Paperboard - Market Analysis, Forecast, Size, Trends and Insights.

Driven by rising demand for paper and paperboard in the UK, the market is forecast to see a slight increase in performance over the next decade. The market volume is projected to reach 7.9M tons by 2035, with a CAGR of +0.9%. In value terms, the market is expected to reach $11B by 2035, showing an anticipated CAGR of +2.0%.

Driven by rising demand for paper and paperboard in the UK, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.9% for the period from 2024 to 2035, which is projected to bring the market volume to 7.9M tons by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.0% for the period from 2024 to 2035, which is projected to bring the market value to $11B (in nominal wholesale prices) by the end of 2035.

In 2024, approx. 7.2M tons of paper and paperboard were consumed in the UK; with an increase of 3.4% compared with the previous year. Over the period under review, consumption, however, showed a pronounced descent. The pace of growth appeared the most rapid in 2022 when the consumption volume increased by 4.1% against the previous year. Paper and paperboard consumption peaked at 9.6M tons in 2014; however, from 2015 to 2024, consumption stood at a somewhat lower figure.

The value of the paper and paperboard market in the UK contracted modestly to $8.8B in 2024, reducing by -4.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $10.2B in 2014; however, from 2015 to 2024, consumption stood at a somewhat lower figure.

Packaging materials (3.4M tons), graphic papers (2.2M tons) and toilet or facial tissue stock, towel and similar paper (1.4M tons) were the main products of paper and paperboard consumption in the UK, with a combined 97% share of the total volume.

From 2013 to 2024, the biggest increases were recorded for toilet or facial tissue stock, towel and similar paper (with a CAGR of +0.8%), while consumption for the other products experienced a decline.

In value terms, graphic papers ($3B), packaging materials ($2.7B) and toilet or facial tissue stock, towel and similar paper ($2.6B) constituted the products with the highest levels of market value in 2024, with a combined 94% share of the total market.

In terms of the main consumed products, toilet or facial tissue stock, towel and similar paper, with a CAGR of +1.0%, saw the highest growth rate of market size over the period under review, while market for the other products experienced a decline.

In 2024, after two years of decline, there was growth in production of paper and paperboard, when its volume increased by 2.7% to 3.9M tons. Overall, production, however, continues to indicate a pronounced setback. The growth pace was the most rapid in 2017 when the production volume increased by 7.1% against the previous year. Over the period under review, production hit record highs at 5M tons in 2013; however, from 2014 to 2024, production failed to regain momentum.

In value terms, paper and paperboard production declined to $6.6B in 2024 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 12% against the previous year. Paper and paperboard production peaked at $7.2B in 2014; however, from 2015 to 2024, production failed to regain momentum.

Packaging materials (1.8M tons), toilet or facial tissue stock, towel and similar paper (1M tons) and graphic papers (929K tons) were the main products of paper and paperboard production in the UK, with a combined 95% share of the total output.

From 2013 to 2024, the biggest increases were recorded for packaging materials (with a CAGR of -0.4%), while production for the other products experienced a decline.

In value terms, the most produced types of paper and paperboard in the UK were toilet or facial tissue stock, towel and similar paper ($2B), paper other than graphic, packaging or tissue ($1.7B) and packaging materials ($1.5B), together accounting for 79% of the total output.

Paper other than graphic, packaging or tissue, with a CAGR of +1.1%, recorded the highest growth rate of market size in terms of the main produced products over the period under review, while production for the other products experienced mixed trend patterns.

In 2024, paper and paperboard imports into the UK totaled 4.1M tons, with an increase of 5.7% against the year before. Overall, imports, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2022 when imports increased by 12%. Imports peaked at 5.9M tons in 2015; however, from 2016 to 2024, imports remained at a lower figure.

In value terms, paper and paperboard imports stood at $4.8B in 2024. In general, imports, however, showed a slight reduction. The pace of growth was the most pronounced in 2022 when imports increased by 42%. Over the period under review, imports hit record highs at $6B in 2014; however, from 2015 to 2024, imports failed to regain momentum.

Germany (891K tons), Sweden (741K tons) and Finland (554K tons) were the main suppliers of paper and paperboard imports to the UK, together accounting for 47% of total imports. The Netherlands, France, Italy, Norway, Austria, Portugal, Belgium, the United States and Canada lagged somewhat behind, together accounting for a further 37%.

From 2013 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +6.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest paper and paperboard suppliers to the UK were Germany ($1B), Sweden ($792M) and Finland ($642M), with a combined 44% share of total imports. France, the Netherlands, Italy, Portugal, Austria, Belgium, the United States, Norway and Canada lagged somewhat behind, together accounting for a further 35%.

Portugal, with a CAGR of +9.5%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Packaging materials (2.1M tons), graphic papers (1.6M tons) and toilet or facial tissue stock, towel and similar paper (399K tons) were the main products of paper and paperboard imports to the UK, with a combined 100% share of total imports.

From 2013 to 2024, the biggest increases were recorded for toilet or facial tissue stock, towel and similar paper (with a CAGR of +5.5%), while purchases for the other products experienced mixed trend patterns.

In value terms, packaging materials ($2.3B), graphic papers ($1.9B) and toilet or facial tissue stock, towel and similar paper ($589M) were the most imported types of paper and paperboard in the UK, together comprising 98% of total imports.

In terms of the main product categories, toilet or facial tissue stock, towel and similar paper, with a CAGR of +4.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other products experienced mixed trend patterns.

In 2024, the average paper and paperboard import price amounted to $1,164 per ton, reducing by -4.7% against the previous year. Over the period from 2013 to 2024, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2022 an increase of 26% against the previous year. The import price peaked at $1,221 per ton in 2023, and then fell modestly in the following year.

There were significant differences in the average prices amongst the major supplied products. In 2024, the product with the highest price was paper other than graphic, packaging or tissue ($8,510 per ton), while the price for packaging materials ($1,059 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by paper other than graphic, packaging or tissue (+10.5%), while the prices for the other products experienced more modest paces of growth.

In 2022, the average paper and paperboard import price amounted to $1,206 per ton, rising by 26% against the previous year. Over the last nine years, it increased at an average annual rate of +2.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($1,458 per ton), while the price for Norway ($783 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

In 2024, approx. 893K tons of paper and paperboard were exported from the UK; surging by 11% on 2023. In general, exports, however, showed a perceptible slump. Over the period under review, the exports reached the peak figure at 1.3M tons in 2013; however, from 2014 to 2024, the exports failed to regain momentum.

In value terms, paper and paperboard exports shrank to $1.1B in 2024. Overall, exports, however, continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2022 when exports increased by 12%. Over the period under review, the exports reached the maximum at $1.6B in 2014; however, from 2015 to 2024, the exports stood at a somewhat lower figure.

Germany (156K tons), Ireland (154K tons) and the Netherlands (140K tons) were the main destinations of paper and paperboard exports from the UK, together comprising 47% of total exports. France, Belgium, the United States, Turkey, China, Norway, Japan, Italy, Poland and Australia lagged somewhat behind, together accounting for a further 36%.

From 2013 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Norway (with a CAGR of +18.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for paper and paperboard exported from the UK were Ireland ($202M), Germany ($195M) and the Netherlands ($156M), with a combined 38% share of total exports. France, the United States, Belgium, Turkey, Italy, China, Poland, Norway, Japan and Australia lagged somewhat behind, together comprising a further 36%.

Norway, with a CAGR of +13.9%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Packaging materials (519K tons), graphic papers (344K tons) and toilet or facial tissue stock, towel and similar paper (20K tons) were the main products of paper and paperboard exports from the UK, together comprising 99% of total exports.

From 2013 to 2024, the most notable rate of growth in terms of shipments, amongst the major product types, was attained by packaging materials (with a CAGR of -0.1%), while the other products experienced a decline.

In value terms, packaging materials ($598M), graphic papers ($385M) and paper other than graphic, packaging or tissue ($85M) were the most exported types of paper and paperboard from the UK worldwide, together comprising 96% of total exports.

In terms of the main product categories, packaging materials, with a CAGR of -0.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other products experienced a decline.

In 2024, the average paper and paperboard export price amounted to $1,241 per ton, falling by -13.7% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average export price increased by 14%. Over the period under review, the average export prices hit record highs at $1,512 per ton in 2022; however, from 2023 to 2024, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the product type; the product with the highest price was paper other than graphic, packaging or tissue ($8,607 per ton), while the average price for exports of graphic papers ($1,117 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was recorded for the following types: paper other than graphic, packaging or tissue (+4.1%), while the prices for the other products experienced mixed trend patterns.

The average paper and paperboard export price stood at $1,512 per ton in 2022, rising by 12% against the previous year. Over the last nine years, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2014 an increase of 14% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($3,212 per ton), while the average price for exports to Japan ($811 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the paper and paperboard market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

Making Data-Driven Decisions to Grow Your Business

A Quick Overview of Market Performance

Understanding the Current State of The Market and its Prospects

Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

Choosing the Best Countries to Boost Your Export

The Latest Trends and Insights into The Industry

The Largest Import Supplying Countries

The Largest Destinations for Exports

The Largest Producers on The Market and Their Profiles