Packaging Materials Market Overview in Ireland
In value terms, packaging materials production dropped to $ in 2019 estimated in export prices. Over the period under review, production showed a strong expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by % y-o-y. Over the period under review, production attained the peak level at $ in 2018, and then shrank in the following year.
The size of the packaging materials market in Ireland contracted to $ in 2019, shrinking by -% 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). Over the period under review, the total consumption indicated slight growth from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +% against 2015 indices. The most prominent rate of growth was recorded in 2011 with an increase of % y-o-y. Over the period under review, the market attained the peak level at $ in 2018, and then shrank slightly in the following year.
From 2007 to 2019, the average annual rate of growth in terms of the volume of consumption of paperboard case materials was relatively modest. With regard to the other consumed products, the following average annual rates of growth were recorded: folding boxboard (+% per year) and wrapping paper, packaging paper and paperboard (+% per year).
In value terms, the most traded types of packaging materials in Ireland were paperboard case materials ($), folding boxboard ($) and wrapping paper, packaging paper and paperboard ($).
Folding boxboard saw the highest growth rate of market size, among the main consumed products over the period under review, while packaging materials market for the other products experienced mixed trend patterns.