Current Scenario of Wood Pulp Market by Trends, Drivers, Strategies, Applications and Competitive Landscape

Wood pulp is processed into a paper using chemical compounds such as caustic soda. Pulp obtained from old rags, fiber crops, and cellulose fibers has become more popular. Wood pulp is majorly used for newsprint production, cheap paper forms, and hardboard. The use of pulp as intermediary material for the production of several finished goods or items has played a constitutive role in the growth and maturity of the market. Increase in use of pulp in the paper manufacturing sector has boosted the global market growth.

Market scope and structure analysis

Report Metric
Details

Market size available for years
2020–2027

Base year considered
2019

Forecast period
2021–2027

Forecast unit
Value ($USD)

Regions covered:
North America (U.S., Mexico and Canada), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and  Rest of Asia-Pacific), and LAMEA (Middle East, Brazil, and  Rest of LAMEA)

Companies covered:
JK Paper Ltd., Ilim Group, China Haisum Engineering Co., Ltd. Andritz Pulp and Paper, and Arkhangelsk PPM

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COVID-19 scenario analysis 

The outbreak of COVID-19 pandemic has significantly reduced the demand for wood pulp.
The shutdown of the packaging industry has negatively impacted the growth of the wood & furniture industry, which, in turn, hampers the growth of the global wood pulp market.
In many countries, industries are shut down, thus, the production of wood pulp has declined drastically, due to the restrictions imposed on labor movement.
The supply chain of the wood pulp has disrupted due to the trade barriers.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

The use of wooden pulp in the manufacturing of furniture and the production of soft pieces used in the residential sector has given impetus to the growth of the market.

Rise in global demand for tissue paper, which is majorly used in kitchens, toilets, and households, is expected to drive market growth of wood pulp market during the forecast period.

Implementation of stringent environmental regulations regarding deforestation, however, is anticipated to negatively impact the growth of the market for wood pulp in the coming years. Moreover, increase in energy and transportation costs are expected to hamper the growth of the global market.

The global market trends are as follows:

Many leading fast food chains serve items containing pulp made from wood. In shredded cheese, fish fillet patties, sausages, tortillas, onion rings, pancakes, and even milkshakes wood pulp additives are often present. Cellulose adds texture, thickens, and stabilizes food with complementary chemicals, and is safe for human consumption. Without this, the ice cream would melt more quickly.
Some bath towels are made from a wood pulp by-product known as rayon. Rayon is highly absorbent, soft, and comfortable on the skin but does not insulate heat from the body – ideal for use in hot and humid climates. Wet wipes are frequently made with rayon, as it allows each sheet to hold liquid disinfectant while maintaining its texture and form.
Increase in demand for wood pulp-based packaging is anticipated to create significant pressure for supply chains in the pulp industry. Furthermore, increase in backlash against plastic consumption has brought wood pulp-based packaging into the spotlight where products such as paper and paperboard have a major stake in the global market for pulp.

Potential market

Canada is the world's largest producer of wood pulp due to the presence of coniferous forests, which provide the paper industry with raw material. Owing to rise in production costs and increase in competition from pulp &paper producers, few Canadian paper mills faced challenges, resulting in conversions and ending of pulp and paper mills.

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Key segment covered

Type:
Hardwood
Softwood

End Usage Industry:
Packaging
Food & Beverages
Personal Care & cosmetics
Pharmaceuticals
Automotive
Others
Print Media
News PRINTING
Book/MAGAZINE PRINTING
Advanced Printing
Tissue

Key benefits of the report

This study presents the analytical depiction of the wood pulp Industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the wood pulp market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the global wood pulp growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.

Questions answered in the global wood pulp market research report:

Which are the leading players active in the global wood pulp market?
What are the current trends that will influence the market in the next few years?
What are the driving factors, restraints, and opportunities of the market?
What future projections would help in taking further strategic steps?

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