The US market for die-cut paper and paperboard office supplies has seen a consistent decline over the past decade. The industry's sales decreased from $970.61 million in 2013 to $617.89 million in 2023, reflecting an overall downward trend. The average year-on-year variation for the years leading up to 2023 varied greatly, with a notable sharp drop of -15.52% in 2014 and smaller declines in other years, averaging a CAGR of -2.84% over the last five years.
Focusing on the most recent trends:
- 2022: -2.86% YoY
- 2023: -2.89% YoY
Looking ahead, forecasted data indicates a continued decrease in sales, with a projected 5-year CAGR of -2.68% up until 2028, culminating in a total decline of approximately 12.7% from 2023 values.
Future trends to watch for include the increasing digitalization of office environments, the potential introduction of sustainable and technological innovations in paper products, and changing consumer preferences towards environmentally friendly and digital solutions.
