The forecast for business enterprise R&D expenditure in the US paper and paper products manufacturing sector indicates a continuous decline from 2024 to 2028. Standing at $701.17 million in 2024, expenditure decreases yearly, reaching $536.64 million by 2028. From 2024 to 2025, there is a decline of approximately 6%, followed by a reduction of around 6% each subsequent year. The compound annual growth rate (CAGR) for 2024 to 2028 is negative, highlighting a considerable contraction in spending.
Future trends to watch for:
- Emergence of digitalization potentially affecting R&D focus areas.
- Shift towards sustainable practices and eco-friendly innovations.
- Impact of global economic conditions on available R&D budgets.
