Wood Pulp Market Expected to Surpass $242.1 Billion, Growing with a CAGR of 3.9% in the 2021-2031 Timeframe

Surge in demand for wood pulp from the paper industry and rise in consumer demand for tissue paper products drive the growth of the global wood pulp Market. Asia-Pacific contributed to the highest share in terms of revenue in 2021, contributing to more than two-fifths of the total market share Moreover, the COVID-19 pandemic led to supply chain disruptions in various countries, due to which, the import-export activities of the raw materials hampered the manufacturing processes.

A complete and wide-ranging evaluation of the aspects that drive and restrain the market growth is also provided throughout the study. This detailed exploration of the market size and its proper segmentation help the market players define the prevalent opportunities that are looming large.

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The global wood pulp market generated $165.3 billion in 2020, and is projected to reach $242.1 billion by 2030, witnessing a CAGR of 3.9% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.

The report helps clients in comprehending the first-hand knowledge of the global market while providing a full-fledged understanding of the regional-level analysis of each segment. At the same time, the study contain in-depth information of the frontrunners that are active in the industry along with their financial agenda, segmental profits, company trends, services/products offerings, and major adopted stratagems.

The hardwood segment held the highest market share in 2020, accounting for more than three-fifths of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the same segment is estimated to register the highest CAGR of 4.6% from 2021 to 2030. The report also mentioned the softwood segment.

The Wood pulp market report keeps a perfect tab on the market share of several companies, recent market trends, revenue forecast, and new product launches across the market. The report includes company profiles that delineate the revenue share of the top competitors in the market. Simultaneously, the report provides revenue forecasts for four regions and more than twenty major countries across Asia-Pacific, LAMEA. North America and Europe.

Wood Pulp Companies Covered Market:- Nippon Paper, Oji Holdings Corporation, Sappi, Sonoco Products, Stora Enso, Svenska Cellulosa Aktiebolaget, UPM-Kymmene Corporation and Other.

Based on region, Asia-Pacific contributed to the highest share in terms of revenue in 2020, contributing to more than two-fifths of the total market share, and is estimated to continue its dominant share by 2030. Moreover, the same region is projected to manifest the fastest CAGR of 4.7% during the forecast period. Other regions mentioned in the report include North America, Europe, and LAMEA.

Analysis of COVID-19 impact

The outbreak of the pandemic has had a massive impact on the majority of industries and the Wood pulp market was also not an exception in this regard. The report provides a detailed study on the micro- and macro-economic impact during the pandemic. Additionally, it emphasizes the direct impact of the COVID-19 pandemic on the Wood pulp market in the form of qualitative study. The report offers explicit details regarding the market extent and shares during this unprecedented time. At the same time, the major strategies adopted by the market players to combat the global crisis is also covered under the report. Last but not the least, the report highlights how the pandemic has distorted the supply chain of the market and takes in a post-COVID-19 analysis too.

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