The US paperboard mills turnover saw fluctuating growth from 2013 to 2023, reaching 31.582 billion USD in 2023. The highest annual variation was in 2021 with a 6.48% increase. The average compound annual growth rate (CAGR) over the past five years was 1.16%, indicating moderate growth. Notably, 2020 saw a decline due to market disruptions, followed by a recovery period.
Future trends to watch for:
- Moderate growth is forecasted with a 0.86% CAGR over the next five years.
- Sustainable and eco-friendly practices are expected to drive industry innovations.
- Technological advancements in manufacturing processes may boost productivity and efficiency.