Since 2015, the output of paper products in South Korea has shown a dynamic trend with fluctuations. The data shows an initial growth from 2015 to 2016 with a significant year-on-year increase of 6.76%, followed by a steady rise until 2018. A slight dip occurred in 2019 with a -1.11% year-on-year change. The most notable decline was in 2020, where the output dropped by -16.16%. However, the recovery was strong in 2021 with a 21.43% increase. From 2022 to 2023, the growth maintained a stable pace with around 0.75% year-on-year increase each year. By 2023, the output stood at 28.745 trillion South Korean Wons. The forecast data indicates a gradual increase in output, projected to reach 29.857 trillion South Korean Wons by 2028, reflecting a 5-year CAGR of 0.6%.

Future trends to watch for:

The expected steady growth in the paper products sector influenced by digitization and sustainable paper solutions.
Potential impact of global supply chain adjustments post-pandemic.
Shifts towards environmentally friendly products and practices.