Global Wood Pulp Market Outlook 2031:
The global wood pulp market size was valued at USD 178.44 Billion in 2022 and is projected to reach USD 251.79 Billion by 2031, expanding at a CAGR of 3.9% during the forecast period 2023 - 2031. Wood pulp is processed into paper with the help of compounds such as caustic soda. Pulp is mainly used in the manufacture of newspapers, cheap paper molds, and hardboards.
Wood pulp is a fine pulp of wood fiber, which is dispersed in chemicals such as soda ash and bleach, and is widely used in the manufacture of hardboard, reduced paper, and newspaper. Pulp refers to wood that has been broken down into fine pulp for use in the production of newspapers, other reduced paper, and hardboard.
There are two techniques for making wood products: synthetic pulping and mechanical pulping. Wood chips are cooked by causing a chemical reaction mainly in a cooking utensil such as a pressure cooker.
Global Wood Pulp Market Trends, Drivers, Restraints, and Opportunities:
- Increasing global demand for wood pulp, mainly due to the consumption of tissue paper used in kitchens, toilets, and homes, is expected to drive the market over the forecast period.
- Ban on plastic and implementation of government regulations in various areas created windows of opportunity for pulp market participants in various industrial sectors.
- Implementation of strict environmental regulations on deforestation is expected to adversely affect the growth of the wood pulp market in the coming years.
- Cotton pulp is also found in the growth markets of various industries, which are the main trends of growth markets.
Scope of the Global Wood Pulp Market report:
The report on wood pulp market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
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Attributes
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Details
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Report Title
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Wood Pulp Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016-2021
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Forecast Period
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2023–2031
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Segmentation
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Product Types (Soft Wood and Hard Wood), Grades (Semi-Chemical Pulp, Non-Wood Pulp, Chemical Pulp, and Mechanical Pulp), End-uses (Writing Paper, Printing Paper, Tissue Paper, and Others).
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Nippon Paper; Sappi; International Paper; Metsä Group; Sonoco Products; WestRock; Oji Holdings Corporation; Stora Enso; Svenska Cellulosa Aktiebolaget, and UPM-Kymmene Corporation.
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Global Wood Pulp Market Segment Insights:
Hard wood segment is projected to hold significant market share
Based on product types, the global wood pulp market is categorized into soft wood and hard wood. The hard wood segment held a considerable share of the market in 2020.
Hardwood pulp fibers are generally 0.81.1 mm in length. Hardwood pulp should be exposed to lower specific striking pressures and increased concentrations of striking pulp in order to improve the degree of striking while avoiding cut fibers.
Non-wood segment held substantial market share in 2020
On the basis of grades, the wood pulp market is segmented into semi-chemical pulp, non-wood pulp, chemical pulp, and mechanical pulp. The non-wood segment held a considerable share of the market in 2020.
The global wood pulp market is projected to be driven by increased global absorption of tissue paper used primarily in kitchens, toilet facilities, and homes. The use of paper handkerchiefs is also increasing rapidly in the catering and hotel industries.
Tissue paper segment to grow during the forecast period
Based on end-uses, the market is segregated into writing paper, printing paper, tissue paper, and others. The tissue paper segment is expected to hold a significant share of the market during the forecast period.
Increased global supply of gift-wrapping paper used primarily in restaurants, bathroom facilities, and homes is expected to drive the market during the forecast period.
North America to dominates the global market
In terms of regions, the wood pulp market is split into North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. North America constituted a significant share of the market in 2020.
Canada is expected to be a key wood pulp supplier in the forecast period, due to the prevalence of coniferous forests in the country that supply products to paper industries. Canada has 10% of the global forests and has one of the world's largest paper and pulp markets. The country produces large quantities of goods that meet both international and domestic demand.
Segments
The global wood pulp market has been categorized on the basis of
Product Types
Grades
- Semi-chemical Pulp
- Non-wood Pulp
- Chemical Pulp
- Mechanical Pulp
End-uses
- Writing Paper
- Printing Paper
- Tissue Paper
- Others
Regions
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key players
- Nippon Paper
- Sappi
- International Paper
- Metsä Group
- Sonoco Products
- WestRock
- UPM-Kymmene Corporation
- Oji Holdings Corporation
- Stora Enso
- Svenska Cellulosa Aktiebolaget
Competitive Landscape
Key players in the global wood pulp market include Nippon Paper; Sappi; International Paper; Metsä Group; Sonoco Products; WestRock; Oji Holdings Corporation; Stora Enso; Svenska Cellulosa Aktiebolaget; and UPM-Kymmene Corporation. These players are engaged in mergers, acquisitions, collaborations, agreements, and partnerships to strengthen their geographic presence.
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