From 2013 to 2023, the recycled paperboard sales in the US showed a fluctuating trend. Initially, there was a significant decrease in sales, reaching a low in 2016. From 2017 onwards, the market began to recover with minor fluctuations, achieving a value of $8.779 billion in 2023. Year-on-year variations indicate both positive and negative shifts, with notable rebounds in 2017 and 2021.
The past two years (2022-2023) witnessed incremental growth, with sales increasing by 0.72% and 0.70%, respectively. The compound annual growth rate (CAGR) for the last five years (2018-2023) stood at 0.74%, suggesting a modest upward trend.
Forecast data from 2024 to 2028 projects continued gradual growth, achieving a forecasted CAGR of 0.57% over the next five years, culminating in a value of $9.099 billion by 2028. The forecast anticipates a steady upward trajectory with an overall five-year growth rate of 2.86%.
Future trends to watch for:
- Increasing emphasis on sustainability and recycling initiatives boosting demand for recycled paperboard.
- Technological advancements in recycling processes improving efficiency and quality.
- Regulatory changes and government policies promoting the use of recycled materials.
- Potential economic fluctuations impacting the overall consumption and production costs.
