Global Wood Pulp Market Report and Forecast 2022-2027

Global Wood Pulp Market Report and Forecast 2022-2027

Market Outlook

According to Expert Market Research’s latest report, ‘Global Wood Pulp Market Report and Forecast 2022-2027’, the global wood pulp market attained a volume of 158.19 MMT in 2021. Aided by the growing paper industry, the market is projected to further grow at a CAGR of 2.7% between 2022 and 2027.

Wood pulp is processed into paper using chemical compounds, including caustic soda. Wood pulp is primarily used for the production of newsprints, cheap paper, and hardboard. Wood pulp is a virgin fibre obtained from harvested trees or hardwood softwood that are particularly produced for papermaking. The virgin fibre properties depend on the species of the tree and influence the characteristics of the resulting paper or paperboard. Extensive application of wood pulp in the production of packaging materials in various sectors, including food and beverages, personal care and cosmetics, pharmaceuticals, and automotive, among others, has been fuelling the demand for wood pulp. The market is further being propelled by the growing environment-consciousness, leading people to opt for packaging that is biodegradable. With various strategies employed by key players to attract consumers via attractive packaging, the demand for the product is expected to increase over the forecast period.

With the surging demand from the paper industry, the market growth of wood pulp across the globe is witnessing healthy growth. The increasing usage of tissue paper across the world, as it is primarily utilised in kitchens, households, and toilets, is expected to drive market growth during the forecast period. The growing consumption of tissues at a rapid speed in hotels and restaurants is further expected to bolster the market demand for wood pulp globally over the coming years. The growth in the wood pulp market can also be attributed to an increased demand during the COVID-19 induced lockdowns globally, which led to various consumers hoarding and panic buying toilet paper. Geographically, North America has witnessed significant market growth for wood pulp as the region is considered one of the largest producers of wood pulp across the globe on account of the presence of coniferous forests that offer raw materials to the paper industry.

Market Segmentation

The market report by Expert Market Research analyses the market based on segmentations such as types, grades, end-use, and major regions.

Market Breakup by types

• Soft Wood
• Hard Wood

Market Segmentation by grades

• Mechanical
• Chemical
• Semi-chemical
• Others

Market Segmentation by end use

• Packaging
• Food and Beverages
• Personal Care and Cosmetics
• Pharmaceuticals
• Automotive
• Others
• Print Media
• News Printing
• Book/Magazine Printing
• Advanced Printing
• Others
• Tissues
• Others

Market Breakup by Region

• North America
• Latin America
• Asia Pacific
• Europe
• Middle East
• Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the key players in the market. Some of the major players in the market explored in the Expert Market Research report 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
• Georgia-Pacific LLC
• Others

*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.