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Report Overview
The global wood pulp market attained a value of nearly USD 166.65 billion in 2023. The market is further expected to grow at a CAGR of 2.7% during the forecast period of 2024-2032 to reach a value of USD 211.82 billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- The demand for personal hygiene products like tissues, toilet paper, and diapers is contributing to growth of the wood pulp market.
- Technological advancements in pulping processes and waste management are enabling producers to increase efficiency and reduce costs.
- Economic growth and industrialisation in emerging markets, especially in Asia and Africa, are driving demand for paper products.
Wood Pulp Market Growth
| Global Wood Pulp Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 166.65 |
| Market Size 2032 | USD Billion | 211.82 |
| CAGR 2018-2023 | USD Billion | XX% |
| CAGR 2024-2032 | USD Billion | 2.7% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 3.5% |
| CAGR 2024-2032 - Market by Country | India | 4.0% |
| CAGR 2024-2032 - Market by Country | Canada | 3.3% |
| CAGR 2024-2032 - Market by Grade | Chemical | 3.0% |
| CAGR 2024-2032 - Market by End Use | Packaging | 3.1% |
| Market Share by Country 2023 | China | 16.9% |
Wood pulp is processed into paper using chemical compounds, including caustic soda and it is primarily used for the production of newsprints, cheap paper, and hardboard. There are several methods to produce wood pulp, such as mechanical pulping, which retains most of the wood's original lignin, and chemical pulping, which removes most of the lignin to produce a stronger and purer cellulose pulp.
The market growth is primarily driven by the rising demand from the paper sector due to the rising demand for tissue paper throughout the world, as it is primarily used in kitchens, toilets, households, restaurants, and hotels. With the rise of e-commerce and changes in consumer behaviour, there is an increased demand for paper and paperboard packaging which is driven by the need for sustainable packaging solutions due to rising environmental concerns, which further boosts the wood pulp demand. Economic growth in emerging markets also leads to increased consumption of paper and paper-based products for education, communication, and packaging which, in turn, drives the demand for wood pulp.
Wood Pulp Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global wood pulp market attained a value of nearly USD 166.65 billion in 2023.
The market is projected to grow at a CAGR of 2.7% between 2024 and 2032.
The market is projected to witness a healthy growth in the forecast period of 2024-2032 to attain around a value of USD 211.82 billion by 2032.
The market is being driven by rising population, growing disposable incomes, rapid urbanisation, and the rising demand for wood pulp in the paper sector.
The key trend guiding the market development includes rising consumption of tissue papers in households and various end-use sectors.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading types of wood pulp in the market are soft wood and hard wood.
The major grades of wood pulp in the industry are mechanical, chemical, and semi-chemical, among others.
The various end uses of wood pulp include packaging, print media, and tissues, among others.
The major players in the market are Celulosa Arauco y Constitucion S.A., Södra, Suzano S.A., Empresas CMPC SA, Asia Pacific Resources International Limited (APRIL), Metsä Group, UPM-Kymmene Corporation, and Georgia-Pacific LLC, among others.
Asia Pacific is the fastest growing region in the wood pulp market.
North America holds the biggest share in the market.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124