Wood Pulp Market Outlook - 2030
The global wood pulp market size was valued at $165.3 billion in 2020, and is projected to reach $242.1 billion by 2030, growing at a CAGR of 3.9% from 2021 to 2030.
Wood that has been crushed to a fine pulp for use in the manufacturing of newspaper and other low-cost papers as well as hardboard is known as wood pulp. There are two ways of making wood pulp, which include chemical pulping and mechanical pulping. In chemical pulping, wood chips (from trees) are cooked using a chemical process in essentially a pressure cooker known as a digester. Finely pulped wood is been digested by a chemical, such as caustic soda and sometimes bleached. Whereas, in mechanical pulping the pulp is created through grinding wood chips instead of cooking them. Wood pulp is a versatile material used for a wide variety of products. The four most common applications for wood pulp are tissue, printing & writing papers, board, and specialty papers.
Rise in use of pulp in the paper manufacturing industry boosts the global market growth. The use of wooden pulp in the manufacturing of furniture and production of soft pieces used in the residential sector further fuel the growth of the market. In addition, rise in global demand for tissue paper, which is majorly used in kitchens, toilets, and households, is expected to drive the market growth during the forecast period. However, implementation of stringent environmental regulations regarding deforestation is anticipated to negatively impact the growth of the market for wood pulp in the coming years.
Segments Overview
The global wood pulp market is segmented on the basis of type, end-use industry, and region. On the basis of type, the global wood pulp market is segmented into softwood and hardwood. The end-use industry of wood pulp include packaging (food & beverage, pharmaceuticals, personal care & cosmetics, automotive and others), paper (newspaper, books & magazines, tissues, and others), and others. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific accounts for the largest share of the market, followed by North America and Europe.
Wood Pulp Market, By Type
The hardwood segment accounted for the largest share in 2020, and is projected to grow at the highest CAGR of 4.3% during the forecast period.
By Type
Hardwood in Wood Pulp is projected as the most lucrative segment.
Wood Pulp Market, By End Use Industry
The packaging segment accounted for the largest share of the wood pulp market in 2020. The global wood pulp market is majorly driven by the use of wood pulp in the production of various kinds of packaging materials for use in different end-use industries.
By End-use Industry
Packaging End-use Industry is projected as the most lucrative segment.
Wood Pulp Market, By Region
The Asia-Pacific region accounted for a maximum share in the global wood pulp market in 2020. With growing population and disposable income, the need for paper-based print media is anticipated to drive the demand for wood pulp in the region.
By Region
Asia-Pacific is projected as the most lucrative market.
Competitive Analysis
Major players operating in the global wood pulp market include International Paper, Metsä Group, Nippon Paper, Oji Holdings Corporation, Sappi, Sonoco Products, Stora Enso, Svenska Cellulosa Aktiebolaget, UPM-Kymmene Corporation, and WestRock.
Key Benefits For Stakeholders
- The report provides in-depth analysis of the global wood pulp market along with the current trends and future estimations.
- This report highlights the key drivers, opportunities, and restraints of the market along with the impact analysis during the forecast period.
- Porter’s five forces analysis helps to analyze the potential of the buyers & suppliers and the competitive scenario of the global Wood Pulp market for strategy building.
- A comprehensive market analysis covers the factors that drive and restrain the global wood pulp market growth.
- The qualitative data about market dynamics, trends, and developments is provided in the report.
Wood Pulp Market Report Highlights
| Aspects | Details |
 By TYPE |
|
 By END-USE INDUSTRY |
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 By Region |
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 Key Market Players | Sonoco Products, Svenska Cellulosa Aktiebolaget, WestRock, UPM-Kymmene Corporation., International Paper., Oji Holdings Corporation, Stora Enso., .Metsä Group, Sappi, Nippon Paper |
Analyst Review
Wood pulp is processed into a paper using chemical compounds such as caustic soda. Pulp obtained from other sources such as old rags, fiber crops, and cellulose fibers has also become popular. Wood pulp is majorly used for newsprint production, cheap paper forms, and hardboard.
For the purpose of analysis, the report segments the global wood pulp market on the basis of type, end-use industry, and region. Based on the type, the market is divided into hardwood and softwood. The end-use industry covered in the report are packaging (food & beverage, pharmaceuticals, personal care & cosmetics, automotive and others), paper (newspaper, books & magazines, tissues, and others), and others. The report further outlines the details about the revenue generated through the sale of wood pulp across North America, Europe, Asia-Pacific, and LAMEA.
The drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key players to increase their market share and sustain intense competition in the industry.
The growing use of packaging products for use mainly in the food & beverage, pharmaceutical and personal care & cosmetic end-use industry is boosting the wood pulp market growth.
The wood pulp market accounted for $165.3 billion in 2020 and is projected to rise to $242.1 billion by 2030 growing at a CAGR of 3.9% between 2021 and 2030.
Major players operating in the global wood pulp market include International Paper, Metsä Group, Nippon Paper, Oji Holdings Corporation, Sappi, Sonoco Products, Stora Enso, Svenska Cellulosa Aktiebolaget, UPM-Kymmene Corporation, and WestRock.
The packaging industry is projected to increase the demand of wood pulp considerably during the forecast period.
The global wood pulp market is segmented on the basis of type, end-use industry, and region. On the basis of type, the global wood pulp market is segmented into softwood and hardwood. The end-use industry of wood pulp include packaging (food & beverage, pharmaceuticals, personal care & cosmetics, automotive and others), paper (newspaper, books & magazines, tissues, and others), and others. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Increasing demand for wood pulp from the paper industry, and rising consumer demand for tissue paper products are some of the driving factors which is growing the global wood pulp market
The tissue paper and books & magazine applications are expected to drive the adoption of wood pulp.
The shutdown of the packaging industry has negatively impacted the growth of various end-use industries, which, in turn, hampers the growth of the global wood pulp market.
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