Packaging Materials Market Overview in the United Kingdom
In value terms, packaging materials production contracted to $ in 2019 estimated in export prices. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by % against the previous year. Over the period under review, production hit record highs at $ in 2014; however, from 2015 to 2019, production failed to regain the momentum.
The size of the packaging materials market in the UK contracted to $ in 2019, which is down 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). In general, consumption, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2011 with an increase of % against the previous year. As a result, consumption attained the peak level of $. From 2012 to 2019, the growth of the market remained at a lower figure.
From 2007 to 2019, the average annual rate of growth in terms of the volume of consumption of paperboard case materials was relatively modest. With regard to the other consumed products, the following average annual rates of growth were recorded: folding boxboard (+% per year) and wrapping paper, packaging paper and paperboard (-% per year).
In value terms, paperboard case materials ($), folding boxboard ($) and wrapping paper, packaging paper and paperboard ($) appeared to be the products with the highest levels of market value in 2019.
In terms of the main consumed products, folding boxboard recorded the highest growth rate of market size, over the period under review, while packaging materials market for the other products experienced a decline.