In 2023, China leads the global R&D expenditure in the manufacture of paper products, with a significant difference compared to other countries. The United States follows, demonstrating substantial growth with an 8.74% year-on-year increase. Japan and Canada exhibit moderate growth, while Germany shows a minimal increase. Among smaller economies, Lithuania has the highest growth rate at 48.78%, despite having a smaller absolute value. Declines are noted in Slovenia and Chile.
Future trends to watch include:
- Continued investment growth in Asia, led by China and supported by technological advancements.
- Potential increases in innovation from emerging markets as they seek to modernize their industries.
- Environmental concerns and sustainability may drive R&D expenditure, especially in European countries.
- Monitoring the impact of economic policies on sectoral investments in traditional strongholds like the US and Japan.
Top countries in Business Enterprise R&D Expenditure in Manufacture of Paper and Paper Products Share by Country (Million US Dollars PPP)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 62.39 | 2023 | +9% | +2.44% | View data |
| 2 | 2 United States | 19.79 | 2023 | +0.85% | +8.74% | View data |
| 3 | 3 Japan | 5.39 | 2023 | -0.14% | +3.97% | View data |
| 4 | 4 Canada | 2.21 | 2023 | +3.54% | +4.69% | View data |
| 5 | 5 Germany | 2.09 | 2023 | +1.72% | +2.1% | View data |
| 6 | 6 South Korea | 1.85 | 2023 | +4.66% | +3.34% | View data |
| 7 | 7 Finland | 1.62 | 2023 | +1.48% | +0.9% | View data |
| 8 | 8 Italy | 1.58 | 2023 | +2.7% | +0.53% | View data |
| 9 | 9 Portugal | 0.76 | 2023 | +10.54% | +9.54% | View data |
| 10 | 10 Poland | 0.56 | 2023 | +8.65% | +4.65% | View data |
