Press release
Global Wood Pulp Market Size To Grow At A CAGR Of 1.5% In The Forecast Period Of 2022-2027
Wood Pulp Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
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The key highlights of the report include:
Market Overview (2017-2027)
Historical Market Volume (2021): USD 189.42 MMT
Forecast CAGR (2022-2027): 1.5%
Wood pulp is extensively applied across paper, food and beverage, pharmaceutical, and personal care and cosmetics industries, among others. The wood pulp market is likely to be further aided by the expected increase in demand for household paper products, such as toilet papers, tissues, and wipes, among others.
Over the forecast period, the paper industry is anticipated to witness a steady growth which is likely to boost the demand for wood pulp. Books, magazines, and newspapers are materials which are utilised in daily routines of people worldwide.
Wood pulp is also utilised in the automotive industry to control the weight of the cars and to increase their aesthetic appeal. The growing sale of passenger and commercial cars across the developing countries is leading to a heightened application of wood pulp in this industry, thereby, adding to the market growth.
Moreover, cellulose, a downstream product of wood pulp, is extensively used in the food and beverage industry to improve the texture of the food products and make certain foods or beverage items creamier. Hence, the thriving food and beverage industry across the world is providing impetus to the global wood pulp market.
Wood Pulp Industry Definition and Major Segments
Wood pulp is a wood fibre obtained from cutting, slashing, and crushing wood, which is then used to manufacture cellulose products. The processing of wood pulp is done to form chemical compounds which are applied in various commercial and industrial sectors.
Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/wood-pulp-market
Based on type, the market can be bifurcated into:
Soft Wood
Hard Wood
On the basis of grade, the market has been classified into:
Mechanical
Chemical
Semi-Chemical
Others
By end use, the market has been divided into:
Packaging
Food and Beverages
Personal Care and Cosmetics
Pharmaceuticals
Automotive
Others
Print Media
News Printing
Book/Magazine Printing
Advanced Printing
Others
Tissues
Others
On the basis of region, the market can be categorised into:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Wood Pulp Market Trends
The key trends in the global wood pulp market include the increasing demand for pharmaceutical cellulose obtained from wood pulp. The growing research and development activities by pharmaceutical companies to quicken the effects of various medications in chronic disease treatment is boosting the incorporation of wood pulp in this sector.
In regional terms, Asia Pacific holds a healthy share in the market owing to the growing expansion of the end use industries of the product. The increasing demand for personal care and cosmetics in the countries with high population, such as India and China, is further fuelling the wood pulp market growth in the region.
Key Market Players
The major players in the wood pulp market 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, and Georgia-Pacific LLC, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter's Five Forces Models.
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