From 2013 to 2023, the production volumes of paper and paper products in the US exhibited a general decline, with minor fluctuations. In 2013, production stood at 185.86 billion USD, which gradually decreased to 168.55 billion USD by 2023. Notable year-on-year variations include a significant dip of 5.95% in 2020, followed by a recovery of 4.34% in 2021 and a continuation of the downward trend with a 0.86% decrease in 2023. The compound annual growth rate (CAGR) over the last five years stands at -0.81%.
Looking ahead, the trend suggests a continued gradual decline in production volumes, with the forecast indicating a reduction to 160.91 billion USD by 2028. The forecast 5-year CAGR is -0.73%, highlighting an expected average annual decrease, consistent with historical trends. The forecast 5-year growth rate projects an overall reduction of approximately 3.62% by 2028.
Future trends to watch for include the impact of digitalization reducing the need for traditional paper products, the increasing focus on sustainability potentially revitalizing demand for eco-friendly paper products, and the influence of trade policies and regulations on production and supply chains.
