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Pulp and Paper

Industry Outlook

Most of the pulp and paper industry's products are consumer oriented, and thus its economic outlook is tied very closely to the overall health of the U.S. economy. Because exports have accounted for a sizable percentage of the industry's growth in shipments over the last decade, the global economy is key to the outlook of the pulp and paper industry. The market research organization First Research reported in 2015 that the value of the paper industry was $99 billion. The U.S. Department of Labor reports that approximately 370,000 people work in the paper industry; the American Forest and Paper Association reports a higher figure at 391,400. Common jobs in the industry as reported by the DOL are paper goods machine setters, operators, and tenders. Overall employment in paper manufacturing is forecast to decline by as much as 11 percent through 2024, according to the Bureau of Labor Statistics.

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