The forecasted value added of paperboard mills in Canada from 2024 to 2028 shows a steady growth trajectory. In 2023, the value stood at 1.525 billion Canadian Dollars. Year-on-year variations are as follows:

- From 2023 to 2024: 4.6% increase

- From 2024 to 2025: 4.5% increase

- From 2025 to 2026: 4.3% increase

- From 2026 to 2027: 4.1% increase

- From 2027 to 2028: 3.9% increase

The compound annual growth rate (CAGR) over the last five years is projected to be approximately 4.3% per year.

Future trends to watch for:

Technological advancements in paperboard production to enhance efficiency and reduce costs.
Increasing demand for sustainable packaging solutions driving higher production volumes.
Potential regulatory impacts on environmental practices influencing operational costs.