https://www.ibisworld.com/about/termsofuse/https://www.ibisworld.com/about/termsofuse/
The Paper and Paperboard Manufacturing industry faces the ever-growing threat and pressure of IT and telecommunications adoption, reducing paper usage. As such, over the five years through 2024-25, industry revenue is expected to slump at a compound annual rate of 2.3% to £3 billion. Some leading manufacturers, like AW UK Holdings Ltd, have exited the industry, while others have seen factory closures, like the Stoneywood paper mill in Aberdeen in 2022, contributing to the industry's downfall. Following some companies’ exits, the industry is consolidating, with many more prominent manufacturers acquiring smaller businesses. The COVID-19 outbreak in 2020-21 caused a large slump in industry revenue. Volatile commodity prices and weak downstream conditions, caused by forced business closures and more cautious consumer spending, led to widespread economic uncertainty and low investment. Industry imports and exports tanked amid supply chain disruption and trade restrictions off the back of the COVID-19 outbreak. The paper stationery manufacturing market and newspaper publishers took a huge hit, partly because of increased IT and telecommunication adoption, driven by a work-from-home trend that reduced paper consumption. Revenue is forecast to contract by 0.6% in 2024-25 and remain below pre-pandemic levels despite a promising revenue recovery after lockdown restrictions were lifted. Volatile wood pulp and paper prices, more immense regulatory pressures and supply chain disruption have caused industry profit to remain low. However, inflation stabilising in 2023-24 thanks to high interest rates limiting borrowing is rebuilding some consumer confidence in 2024-25. The ongoing shift towards electronic communications and media will continue to create challenging conditions for the industry over the coming years. In the short term, easing macroeconomic headwinds will support revenue prospects, especially as paper manufacturers start to re-invest their widening profit into the production process. Continuing investment in sustainability and automation practices within manufacturing facilities will put manufacturers in an excellent position to capitalise on a growing packaging and paper bag manufacturing market. As the plastic packaging tax escalates, paper manufacturers will sway customers away from unsustainable plastic bag manufacturers. Over the five years through 2029-30, industry revenue is forecast to creep upwards at a compound annual rate of 0.3% to exceed £3.1 billion.
There were 1,470 companies in the United Kingdom involved in the manufacture of paper products in 2023. These companies had a turnover of 13 billion British pounds, with a GVA of four billion British pounds.
Papers and boards consumption in the United Kingdom amounted to nine million metric tons in 2023 - a slight decrease from the previous year. Packaging is by far the most consumed type of papers and boards in the UK.
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
The UK paper and paperboard market expanded markedly to $424M in 2024, with an increase of 10% against the previous year. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2024; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.
https://www.ibisworld.com/about/termsofuse/https://www.ibisworld.com/about/termsofuse/
Number of Businesses statistics on the Paper & Paperboard Manufacturing industry in United Kingdom
https://www.ibisworld.com/about/termsofuse/https://www.ibisworld.com/about/termsofuse/
The Paper and Paperboard Manufacturing industry has struggled with the ever-increasing threat of digitalisation across Europe dampening paper usage. This is the main reason revenue is expected to contract at a compound annual rate of 4.8% over the five years through 2024 to €115.8 billion. A number of companies have exited the market in recent years, driving the manufacturers left behind to consolidate – many of the more prominent manufacturers are acquiring smaller businesses to shore up their market share. The COVID-19 pandemic has been a key driver of the industry’s recent revenue decline, especially in 2020. Volatile commodity prices and weak downstream conditions, caused by enforced business closures across the majority of European countries and more cautious consumer spending, led to widespread economic uncertainty and low investment. Paper stationery manufacturers and newspaper publishers suffered greatly, partly because of Europe’s heightened degree of digitalisation (driven by a work-from-home trend) dampening paper consumption. Revenue is forecast to fall by 4.2% in 2024 and remain below pre-pandemic levels. Volatile wood pulp and paper prices, more regulatory pressures and supply chain disruption have caused profitability to remain low. The ongoing shift towards electronic communications and media will continue to create challenging conditions for manufacturers over the coming years. In the short term, macroeconomic headwinds (including high inflation and interest rates) are expected to ease, supporting revenue prospects, especially as paper manufacturers start to reinvest their widening profitability into the production process. Continuing investment in sustainability and automation within manufacturing facilities will put paper producers in a strong position to capitalise on a growing packaging and paper bag manufacturing market. Over the five years through 2029, revenue is slated to swell at a compound annual rate of 2% to €127.9 billion.
The number of VAT and/or PAYE based enterprises in the paper and paper products manufacturing sector in the United Kingdom in 2023, by turnover size band, show that there were 310 enterprises with a turnover of more than five million GBP in this sector.
Tissue Paper Market Size 2025-2029
The tissue paper market size is forecast to increase by USD 30 billion, at a CAGR of 5.7% between 2024 and 2029.
The market is experiencing significant growth, driven by increasing concerns about health and hygiene in developing economies. This trend is particularly evident in regions with rising disposable income and urbanization, as consumers prioritize personal cleanliness and sanitation. Another key driver is the increasing adoption of e-commerce, enabling greater access to tissue paper products for consumers in remote areas or those with limited physical retail options. However, the market faces challenges as well. The threat of prominent substitutes, such as reusable cloth or homemade alternatives, persists, particularly in price-sensitive markets.
Companies must differentiate themselves through product innovation, branding, and value-added services to maintain market share. Effective strategic planning, operational efficiency, and a deep understanding of consumer preferences will be essential for businesses looking to capitalize on the market's growth potential and navigate these challenges effectively.
What will be the Size of the Tissue Paper Market during the forecast period?
Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free Sample
The market continues to evolve, driven by various factors shaping its dynamics. Product development remains a key focus, with innovations in bulk packaging and sheet size catering to diverse consumer needs. Ply count and product differentiation are crucial elements, as manufacturers strive for cost optimization while maintaining high-quality standards. Hygiene products, including paper towels and bathroom tissue, dominate the market. The food service sector also utilizes tissue paper extensively, necessitating supply chain efficiency and consistency. Consumer perception plays a significant role, with brand loyalty and personal care driving demand for superior quality and eco-friendly options. Environmental impact is a growing concern, leading to increased use of recycled pulp and alternative fibers like bamboo and cotton.
Manufacturing processes are under scrutiny, with a focus on safety standards and production capacity. Pricing strategies and retail channels also influence market trends, as price sensitivity and competition among brands shape consumer behavior. Wood fiber remains a primary raw material, but its sustainability is under scrutiny. Pulp production and manufacturing processes are evolving to address these concerns, ensuring a continuous supply while minimizing environmental impact. The market's future trends include further product innovation, increased focus on sustainability, and expanding applications across various consumer goods sectors.
How is this Tissue Paper Industry segmented?
The tissue paper industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
Application
Commercial
Residential
Distribution Channel
Hypermarkets and supermarkets
Convenience stores
Online retail
Drug and pharmacy stores
Product
Toilet paper
Facial tissue
Paper towel
Others
Geography
North America
US
Canada
Europe
France
Germany
Italy
UK
APAC
China
India
Japan
South America
Brazil
Rest of World (ROW)
.
By Application Insights
The commercial segment is estimated to witness significant growth during the forecast period.
The market encompasses a broad range of applications, with significant demand originating from commercial and non-residential sectors. In this segment, tissue paper is utilized in workplaces, hotels, hospitals, restaurants, spas, beauty parlors, fashion studios, and aircraft. Factors driving this growth include the increasing number of people traveling and the subsequent demand for disposable products, as well as the advocacy of hygiene practices in healthcare settings. Product development in the tissue paper industry focuses on bulk packaging, product differentiation, and cost optimization. Paper towels and hygiene products are key categories, with manufacturers prioritizing quality control and safety standards. Consumer perception plays a crucial role, with brand loyalty and price sensitivity influencing purchasing decisions.
Pulp production is a significant aspect of the market, with manufacturers utilizing wood fiber, recycled pulp, bamboo fiber, and virgin pulp in their manufacturing processes. Environmental impact is a growing concern, with recycling rates and supply chain efficiency becoming increasingly important. Roll length, sheet size, and productio
Thermal Paper Market Size 2024-2028
The thermal paper market size is forecast to increase by USD 909.2 million at a CAGR of 3.4% between 2023 and 2028.
The market is experiencing significant growth due to several key drivers. The increasing trend toward cashless transactions is one major factor, as more businesses adopt point-of-sale (POS) systems and electronic receipts. Additionally, favorable government initiatives, such as incentives for eco-friendly practices, are encouraging the adoption of renewable thermal paper processes and the use of recycled thermal paper. Additionally, the use of thermal paper is expanding in the warehousing and logistics sectors for labeling and tracking purposes. The demand for high-quality thermal paper with excellent color retention and durable surfaces is also driving market growth. As consumers and businesses continue to prioritize sustainability, there is a growing interest in eco-friendly paper solutions.
What will be the Size of the Thermal Paper Market During the Forecast Period?
Request Free Sample
The market is a significant segment In the larger printing industry, primarily used for various applications in retail, logistics, healthcare, education, and food industries. This market is driven by the increasing demand for efficient labeling and ticketing solutions in various sectors. They play a crucial role in various industries, including retail stores, warehouses, and POS terminals. In retail, tit is extensively used for producing cash register receipts, price tags, and labels. In logistics, it is used for creating shipping labels and tracking documents. In healthcare, it is used for producing patient records and labels.
In education, it is used for creating attendance records and labels for student belongings. In the food industry, particularly in packaged food, it is used for printing expiration dates and nutritional information. The market is witnessing growth due to several factors. The need for efficient labeling and ticketing solutions is driving the demand. Retail chains, grocery chains, and inventory systems rely heavily on thermal paper for their labeling processes. The use of thermal paper in POS systems is also increasing due to its direct heat solutions, which provide quick and accurate results. Moreover, the trend towards eco-friendly and renewable processes is influencing the market.
How is this Thermal Paper Industry segmented and which is the largest segment?
The industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Application
PoS
Tags and labels
Lottery and gaming
Others
Geography
North America
US
Europe
Germany
UK
France
APAC
China
South America
Middle East and Africa
By Application Insights
The PoS segment is estimated to witness significant growth during the forecast period.
In the business world, Point of Sale (PoS) receipts have become an essential component of transactions, whether it's a purchase of goods or a service. These receipts are generated at various retail outlets, including grocery stores, supermarkets, hypermarkets, convenience stores, restaurants, clubs, gas pumps, and parking lots. PoS receipts come in various forms, such as grocery receipts, restaurant receipts, and parking receipts. Thermal paper is the primary material used to produce these receipts due to its ability to produce high-quality prints. companies provide thermal paper with advanced features, including imaging on both sides, graphics capabilities, and barcode and logo imaging.
The market caters to various industries, including pharmaceuticals, commercial printing, and educational materials. Direct thermal technology is widely used in the production of thermal paper, making it an ideal choice for PoS receipts due to its ability to produce high-quality images without the need for additional heat or pressure. Moreover, thermal paper is suitable for flexographic and ultraviolet (UV) lithography printing, further expanding its applications. Additionally, it is used in other industries, such as shipping labels, kiosk cards, tourist tags, and RFID identification. Noise reduction is a crucial factor In thermal paper production, ensuring clear and legible prints.
Get a glance at the Industry report of share of various segments Request Free Sample
The PoS segment was valued at USD 2.35 billion in 2018 and showed a gradual increase during the forecast period.
Regional Analysis
Europe is estimated to contribute 32% to the growth of the global market during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
For more insig
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
Learn about the projected growth in the UK paper and paperboard market over the next decade, driven by rising demand and forecasted increases in market volume and value.
https://www.ibisworld.com/about/termsofuse/https://www.ibisworld.com/about/termsofuse/
The Paper and Paperboard Product Manufacturing industry has long been a cornerstone of Europe’s manufacturing landscape, driven by historically strong demand for printed materials, packaging and stationery. However, recent trends show a significant shift towards digital document management. European consumers and businesses well on their way to shifting to electronic alternatives for documentation, communication and billing, favouring efficiency and environmental considerations over traditional paper-based practices. The surge in secure digital file storage and the legal recognition of electronic documents, notably in France, are cutting the reliance on physical paper products. Revenue is forecast to drop at a compound annual rate of 4.2% over the five years through 2024 to €61.6 billion, including estimated drop of 3.2% in 2024. It’s not all doom and gloom, though – luxury and bespoke stationery items remain in high demand. Retailers across Europe report rising sales in high-end notebooks and crafted writing materials, with people exhibit a growing appreciation for the tangibility and quality of these premium products. Brands like Montblanc and Hermes are capitalising on this trend, offering luxurious collections that cater to customers seeking exclusivity and artisanal charm. Revenue is slated to swell at a compound annual rate of 2.8% over the five years through 2029 to €70.7 billion. Paper and product manufacturers will come up two key challenges: adapting to the accelerating embrace of IT and telecommunication technologies and responding to ever-growing environmental concerns. Digitalisation in retail and education is set to further diminish paper usage as they continue their transition to digital receipts and tech-integrated learning environments, respectively. However, sustainable solutions and the burgeoning desire for environmentally responsible products will open up some growth opportunities. To keep pace, manufacturers will need to align their strategies with these trends, prioritising sustainability while exploring niche markets for luxury paper goods.
https://www.futuremarketinsights.com/privacy-policyhttps://www.futuremarketinsights.com/privacy-policy
The global sales of woodfree paper are estimated to be worth USD 2.4 billion in 2024 and are anticipated to reach a value of USD 3.3 billion by 2034. Sales are projected to rise at a CAGR of 3.1% over the forecast period between 2024 and 2034. The revenue generated by woodfree paper in 2023 was USD 2.3 billion. The industry is anticipated to exhibit a Y-o-Y growth of 2.7% in 2024.
Attributes | Key Insights |
---|---|
Historical Size, 2023 | USD 2.3 billion |
Estimated Size, 2024 | USD 2.4 billion |
Projected Size, 2034 | USD 3.3 billion |
Value-based CAGR (2024 to 2034) | 3.1% |
Semi Annual Market Update
Particular | Value CAGR |
---|---|
H1 | 3.4% (2023 to 2033) |
H2 | 2.8% (2023 to 2033) |
H1 | 2.9% (2024 to 2034) |
H2 | 3.2% (2024 to 2034) |
Country-wise Insights
Countries | Value CAGR (2024 to 2034) |
---|---|
USA | 2.1% |
Germany | 1.9% |
UK | 3.4% |
Canada | 3.0% |
India | 6.1% |
China | 5.2% |
Japan | 2.6% |
Thailand | 4.1% |
Category-wise Insights
Pulp Type | Softwood Pulp |
---|---|
Value Share (2034) | 66.4% |
Coating Type | Coated |
---|---|
Value Share (2034) | 71.2% |
https://www.ibisworld.com/about/termsofuse/https://www.ibisworld.com/about/termsofuse/
Europe's Paper and Paperboard Packaging Manufacturing industry is riding a wave of change driven by a hike in online retail sales and a deepening commitment to sustainability. As more consumers turn to e-commerce for their buying needs, the demand for paper packaging solutions has shot up, nudging the industry towards innovative and eco-friendly options. However, after a vigorous revenue surge in 2022, fuelled by global wood pulp price hikes and cost pass-throughs, the industry has faced multiple setbacks, including heightened supply chain disruptions, fluctuating energy costs and a turbulent macroeconomic environment. Notably, the Red Sea crisis and ongoing cost-of-living pressures have made raw material procurement and price stability ongoing battles, subduing revenue growth somewhat and weighing on profit for major manufacturers like UPM-Kymmene and Sappi. Revenue is projected to swell at a compound annual rate of 4% over the five years through 2025 to €104.9 billion, including an estimated hike of 0.3% in 2025. The proliferation of online shopping across Europe has boosted the need for durable, adaptable corrugated paper and cardboard packaging. Innovations, like moisture-resistant coatings and recyclable materials, have enabled leading manufacturers like Smurfit Kappa and DS Smith to capitalise on changing consumer and business needs. Companies are ramping up their investment in recycled cardboard production in line with the greener consumer expectations and tighter EU regulations. These strategic decisions reflect a broader trend as France takes big steps to phase out single-use plastics by 2040, shining a spotlight on paper alternatives. Meanwhile, advancements in barrier technologies are empowering paper packaging to better preserve food and beverages, with Spain leading the way. Looking ahead, Europe's future of paper and paperboard packaging seems robust and ripe with opportunity. The pace of e-commerce growth is expected to remain robust, with projections. This bodes well for packaging manufacturers able to secure supply contracts with e-tail giants and respond nimbly to evolving logistics requirements. Revenue is forecast to mount at a compound annual rate of 4.1% over the five years through 2030 to €128.1 billion. Regulatory trends will spur ongoing innovation, like the EU’s Packaging and Packaging Waste Regulation (PPWR), effective from 2030, which will accelerate the shift away from single-use plastics and further boost demand for recyclable, high-performance fibre-based packaging. Those with advanced barrier technologies and sustainable solutions stand to consolidate market share.
Attribution-NonCommercial 4.0 (CC BY-NC 4.0)https://creativecommons.org/licenses/by-nc/4.0/
License information was derived automatically
Forecast: Packaging Paper Production in the UK 2024 - 2028 Discover more data with ReportLinker!
Attribution-NonCommercial 4.0 (CC BY-NC 4.0)https://creativecommons.org/licenses/by-nc/4.0/
License information was derived automatically
Forecast: Packaging Paper Production Value in the UK 2024 - 2028 Discover more data with ReportLinker!
Printing And Writing Paper Market Size 2025-2029
The printing and writing paper market size is forecast to increase by USD 10.88 billion at a CAGR of 2.1% between 2024 and 2029.
The market is witnessing significant growth due to the emergence of various types of paper, catering to diverse applications. One notable trend is the increasing demand for handmade paper, which offers unique textures and aesthetics, particularly in high-end stationery and artisanal product segments. However, the market faces challenges from the increasing number of digital platforms that offer alternative solutions for communication and document management. This shift towards digital media may impact the traditional printing and writing paper industry, necessitating companies to explore new opportunities and adapt to evolving consumer preferences. The market is witnessing significant growth due to the emergence of various types of paper, including cotton-based and LED-compatible paper, catering to the needs of commercial printing, e-learning, and publishing industries. The increasing demand for data security and privacy is driving the usage of thermal paper for secure transactions in real estate, logistics, and e-commerce sectors.
To capitalize on the market's dynamics, businesses must focus on innovation, product differentiation, and strategic partnerships, ensuring they cater to both traditional and emerging market segments. By staying attuned to consumer trends and addressing the challenges posed by digital media, companies can effectively navigate the market landscape and maintain a competitive edge.
What will be the Size of the Printing And Writing Paper Market during the forecast period?
Request Free Sample
The market continues to evolve, driven by shifting consumer preferences, regulatory requirements, and technological advancements. Writing paper remains a staple in the industry, with a growing emphasis on sustainability and renewable resources. Paper regulations impact paper mills and wholesalers, shaping industrial goods production and distribution. Sustainable forestry and paperboard packaging are key trends, with paper bags and napkins gaining popularity in the consumer goods sector. Paper distribution channels expand, incorporating screen printing, specialty paper, and flexographic printing. Wood pulp and paper innovation fuel the development of bio-based materials and digital media. Circular economy principles influence paper recycling and the use of recycled fiber in various applications. Moreover, the market is witnessing a focus on information management, data security, and content marketing, leading to the adoption of advanced document management systems and certifications.
Paper pricing and technology shape demand for offset paper, copy paper, and paper alternatives. The paper industry's continuous evolution encompasses paper finishing, text paper, printing paper, and various paper types, including bond paper, paper plates, and packaging paper, catering to diverse sectors like food and beverage and office supplies.
How is this Printing And Writing Paper Industry segmented?
The printing and writing paper industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
Product
Printing paper
Writing paper
Distribution Channel
Offline
Online
Type
Uncoated wood-free
Coated wood-free
Coated mechanical
Uncoated mechanical
Specialty papers
Geography
North America
US
Europe
France
Germany
UK
APAC
Australia
China
India
Japan
South Korea
South America
Brazil
Rest of World (ROW)
By Product Insights
The printing paper segment is estimated to witness significant growth during the forecast period. The market encompasses various types of paper used for diverse applications, including inkjet printer paper, laser print paper, and matte paper. These papers are essential for producing office stationery such as letterheads, documents, business cards, postcards, and invitation cards, as well as A4 size paper sheets. The global demand for printing papers is driven by the increasing need for printed book covers, magazines, and catalogs. The growing popularity of personal catalogs is a significant factor fueling this demand. Retailers are embracing multichannel marketing strategies to engage customers and boost sales, necessitating the mailing of printed catalogs. The emergence of multichannel shopping as a retail marketing trend further bolsters the demand for printing papers. Other trends include the use of chelating agents and bleach in decorative paper and the adoption of biocides to enhance the durability and resistance of labels and displays.
Sustainability is a critic
With 10.12 billion U.S. dollars in sales revenue, DS Smith topped the list of paper manufacturing companies in the UK in 2023. The next two spots were taken by Kimberly-Clark Europe Limited and Essity UK Limited, who earned 1.71 billion and 1.15 billion U.S. dollars, respectively. DS Smith is a London-based global leader in sustainable packaging solutions, paper products and recycling services.
Attribution-NonCommercial 4.0 (CC BY-NC 4.0)https://creativecommons.org/licenses/by-nc/4.0/
License information was derived automatically
Forecast: Pulp, Paper and Paperboard Production Value in the UK 2024 - 2028 Discover more data with ReportLinker!
In 2021, the amount of coal used in the paper and printing industry in the United Kingdom amounted to 94,000 metric tons. In the period of consideration, this industry's use of coal peaked in 2014 at 166,000 metric tons.
https://www.ibisworld.com/about/termsofuse/https://www.ibisworld.com/about/termsofuse/
Employment statistics on the Paper Stationery Manufacturing industry in United Kingdom
https://www.ibisworld.com/about/termsofuse/https://www.ibisworld.com/about/termsofuse/
The Paper and Paperboard Manufacturing industry faces the ever-growing threat and pressure of IT and telecommunications adoption, reducing paper usage. As such, over the five years through 2024-25, industry revenue is expected to slump at a compound annual rate of 2.3% to £3 billion. Some leading manufacturers, like AW UK Holdings Ltd, have exited the industry, while others have seen factory closures, like the Stoneywood paper mill in Aberdeen in 2022, contributing to the industry's downfall. Following some companies’ exits, the industry is consolidating, with many more prominent manufacturers acquiring smaller businesses. The COVID-19 outbreak in 2020-21 caused a large slump in industry revenue. Volatile commodity prices and weak downstream conditions, caused by forced business closures and more cautious consumer spending, led to widespread economic uncertainty and low investment. Industry imports and exports tanked amid supply chain disruption and trade restrictions off the back of the COVID-19 outbreak. The paper stationery manufacturing market and newspaper publishers took a huge hit, partly because of increased IT and telecommunication adoption, driven by a work-from-home trend that reduced paper consumption. Revenue is forecast to contract by 0.6% in 2024-25 and remain below pre-pandemic levels despite a promising revenue recovery after lockdown restrictions were lifted. Volatile wood pulp and paper prices, more immense regulatory pressures and supply chain disruption have caused industry profit to remain low. However, inflation stabilising in 2023-24 thanks to high interest rates limiting borrowing is rebuilding some consumer confidence in 2024-25. The ongoing shift towards electronic communications and media will continue to create challenging conditions for the industry over the coming years. In the short term, easing macroeconomic headwinds will support revenue prospects, especially as paper manufacturers start to re-invest their widening profit into the production process. Continuing investment in sustainability and automation practices within manufacturing facilities will put manufacturers in an excellent position to capitalise on a growing packaging and paper bag manufacturing market. As the plastic packaging tax escalates, paper manufacturers will sway customers away from unsustainable plastic bag manufacturers. Over the five years through 2029-30, industry revenue is forecast to creep upwards at a compound annual rate of 0.3% to exceed £3.1 billion.