In 2023, the gross output of the US paper product manufacturing industry stood at approximately 196 billion US dollars. The forecast from 2024 to 2028 shows a steady year-on-year increase, reflecting a consistent growth trend in the industry. Specifically, the year-on-year growth for 2025 and beyond ranges around 0.8% to 0.9%, with a compound annual growth rate (CAGR) of approximately 0.8% over the five-year forecast period.
Future trends to watch for include:
- The impact of digital media on paper demand, particularly in publishing and printing sectors.
- Rising demand for sustainable and recycled paper products.
- Innovations in packaging solutions driven by e-commerce growth.
- Potential regulatory changes affecting environmental standards.