Forecast: Production of Paper and Paper Products in South Korea

The production of paper and paper products in South Korea has experienced various shifts from 2013 to 2023. The industry saw fluctuations, with a notable dip in 2020 followed by significant recovery. In 2023, the production stood at 31.242 Trillion South Korean Wons, demonstrating a year-on-year increase of 2.05%. Over the past 5 years from 2018 to 2023, the industry had an average annual growth rate (CAGR) of 2.13%.

The forecast for the next five years predicts a steady increase, with the production expected to reach 34.514 Trillion South Korean Wons by 2028, marking a CAGR of 1.57% and an overall growth of 8.09% over this period.

Future trends to watch for include:

• Technological advancements in paper production.
• Increasing demand for eco-friendly and recyclable paper products.
• Potential market disruptions due to global economic conditions and supply chain changes.