The forecast for internal R&D personnel in China's wood and wood product manufacturing sector indicates an upward trend from 22.19 thousand FTEs in 2024 to 26.79 thousand FTEs by 2028. In 2023, this figure was notably below the 2024 forecast at approximately 21.04 thousand FTEs, reflecting a continuous investment in R&D capabilities. Year-on-year growth rates range from 5.28% to 4.71% during this period. The compound annual growth rate (CAGR) over the next five years is projected at 4.74%.
Future trends to watch include advancements in sustainable materials and eco-friendly production processes. Additionally, digital transformation and automation in manufacturing are poised to drive further innovation and efficiency in the industry.
