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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 Regional Analysis
North America is one of the significant regional markets as Canada is one of the largest producers of wood pulp globally, owing to the presence of coniferous forests that provide raw materials to the paper sector. Canada is expected to grow at a CAGR fo 3.3% during the forecast period. Canada has about a quarter of the world's boreal forests and is among the largest pulp and paper market in the world, which fuels the wood pulp market share. The country produces a significant number of raw materials, satisfying both international and domestic demand. The region has also seen a growing emphasis on sustainability and environmental stewardship, which impacts the demand for wood pulp. Consumers, corporations, and governments are increasingly supportive of using renewable resources and recycling materials, propelling the use of wood pulp as an eco-friendly alternative to fossil-fuel-based products.
The papermaking industry in Asia Pacific is expected to witness sizeable growth in the foreseeable future with a CAGR of 3.5%. Asia Pacific is a major manufacturing hub for various end-use sectors, including electronics, textiles, and automobiles, which require substantial amounts of packaging for both domestic consumption and export. The demand for wood pulp is closely tied to the production and export activities in these sectors.
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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