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The global wood pulp market attained a value of nearly USD 166.65 billion in 2024. The market is further expected to grow at a CAGR of 2.7% during the forecast period of 2025-2034 to reach a value of USD 211.82 billion by 2034.
Base Year
Historical Year
Forecast Year
Hardwood pulp maintains its dominance in the market due to the increased utilisation of hardwood pulp-based paper in the printing sector
Hardwood pulp occupies a significant share of the global wood pulp market. Hardwood fibres are shorter and tend to produce paper with a smoother surface and higher density, which is preferred for applications requiring fine printing qualities and detail, such as writing paper, high-quality office paper, and certain types of printing paper. The smooth texture is advantageous for printing applications where clarity and precision are important. Hardwood trees also generally grow faster than softwood trees, making them a more rapidly renewable resource for pulp production.
Softwood pulp is also anticipated to hold a sizeable share of the market in the forecast period. The longer fibres of softwood provide greater tensile strength, tear resistance, and overall durability to paper products which makes softwood pulp essential for the production of papers that require high strength, such as kraft paper, packaging materials, and corrugated board used in shipping boxes. The growth of e-commerce has particularly spurred the demand for these packaging materials, as businesses and consumers increasingly rely on online shopping and delivery services.
The packaging sector accounts for a major share due to the rising demand for sustainable packaging solutions
The packaging sector is expected to grow at a CAGR of 3.1% in the forecast period as there is a global shift towards sustainable packaging solutions driven by consumer awareness and regulatory policies aimed at reducing environmental impact. Wood pulp, especially from sustainably managed forests, offers an eco-friendly alternative to petroleum-based packaging pulp products. Consumers increasingly prefer paper-based packaging over plastic due to environmental concerns as paper packaging is perceived as more sustainable, safer, and often higher quality. Governments worldwide are enacting regulations to reduce the use of single-use plastics, leading to an increased demand for alternative materials. Wood pulp-based packaging offers a viable solution, prompting end-use sectors to adopt paper-based packaging on a larger scale.
The print media sector is anticipated to grow robustly in the papermaking in the coming years. Print media products often require high-quality paper to ensure clarity, durability, and aesthetic appeal in printing. Wood pulp provides the necessary fibre properties for producing various pulp grade of paper, accommodating everything from the high-resolution images in glossy magazines to the everyday robustness of newspapers.
*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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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