In 2023, the paper mills industry in the US stood at an undisclosed baseline. Moving forward, the forecast until 2028 indicates a steady annual decline in turnover: from $36.676 billion in 2024 to $35.498 billion by 2028. This represents a continuous downward trend, with a projected compound annual growth rate (CAGR) pointing toward a shrinking market over these years.
Future trends to watch for include:
- Adapting to digital transformation reducing paper demand.
- Environmental policies and sustainable practices influencing operational costs.
- Potential resurgence if innovative paper products gain market interest.
