Global Pulp and Paper Market (Volume, Value) – Analysis By Type, End User, By Region, By Country (2022 Edition): Market Insights and Forecast with Impact of COVID-19 (2023-2028)
Executive Summary
The Global Pulp and Paper Market was valued at USD 374.34 Billion in the year 2021. Across different regions and countries, due to increasing end-user demand for eco-friendly packaging products and advancements in the pulp industry's recycling infrastructure, the global pulp market is anticipated to expand. Additionally, the demand for packaging made of pulp is projected to increase in the near future due to rising anti-plastic attitudes and government measures to reduce single-use plastics, which will ultimately drive the global pulp and paper market.
The primary driver of the pulp and paper market's growth in the forecast period of 2023–2028 is the rise in demand for paper from the chemical and industrial processing industries in established and developing nations. The market is also being driven by the rise of numerous end-user sectors as well as the growing application areas for paper and pulp in packaging materials, particularly in developing nations.
With raw materials typically accounting for 55-65% of a paper company’s costs, strategic sourcing is crucial to reducing cost and achieving performance excellence. Many paper companies are falling behind on sourcing best practices, routinely making mistakes in costs in procurement. The use of demand prediction models can help paper companies better anticipate periods of high demand and plan procurement more accurately, reducing their inventory costs. At the same time, price prediction modelling for key input materials helps organisations time their purchases to take advantage of favourable price fluctuations.
Based on the Type segment, the Hardwood segment is expected to hold the largest share in Pulp and Paper market in the year 2028. The hardwood pulp is competitive among all kinds of paper pulp. Compared to softwood, hardwood is dense, so the large increase in the charge of the pulp digester improves the production capacity of paper and pulp mill.
Scope of the Report
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