Wood Pulp Market Outlook 2023: Global Size, Price Trends, Demand, Industry Analysis 2028

How Big is The Wood Pulp Market?

The global wood pulp market size reached US$ 162.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 197.5 Billion by 2028, exhibiting a growth rate (CAGR) of 3.2% during 2023-2028.

What is Wood Pulp?

Wood pulp is a fibrous substance obtained through the chemical or mechanical breakdown of wood into its constituent fibers. In the chemical method, wood chips are cooked in chemical solutions, followed by screening to remove any uncooked chips. If necessary, the resulting pulp undergoes a bleaching process to enhance its purity, brightness, and whiteness. On the other hand, the mechanical method involves shredding barked pulpwood using large rotating grindstones, resulting in groundwood pulp. Presently, wood pulp is experiencing growing utilization worldwide in the production of paper, paperboard, and various other wood-based products.

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What are the growth prospects and trends in the Wood Pulp Industry:

The global market is experiencing a significant increase in the application of wood pulp across various industries such as automotive, pharmaceutical, packaging, and food and beverage (F&B). This trend, combined with the thriving pulp and paper industry, contributes to a favorable market outlook. Wood pulp is widely used in the production of personal hygiene products like napkins, handkerchiefs, toilet rolls, baby wipes, and diapers. Additionally, it finds applications in car filters, liquid crystal display (LCD) screens, handbags, paper bags and cups, fresh food wrapping, labels and stickers, newspapers, envelopes, fabrics and clothing, binding agents, and carton board packaging for solid and liquid products. Furthermore, rayon, a by-product of wood pulp, is highly absorbent and soft, making it suitable for bath towels. The growing awareness about personal hygiene is driving the increased utilization of tissue paper products, further contributing to market growth. The demand for wood pulp is driven by its versatility and usefulness in a wide range of industries. The paper and pulp industry serves as a key driving force behind the market's positive outlook. Additionally, the expanding applications of wood pulp in various sectors, along with the increasing focus on personal hygiene, are expected to fuel market growth in the coming years.

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Who are the key players operating in the industry?

Some of these key players include:
• APRIL Group (RGE Pte Ltd)
• ARAUCO
• Canfor Corporation
• Metsä Group
• Nippon Paper Industries Co. Ltd
• Oji Holdings Corporation
• Sappi Limited
• Södra, Sonoco Products Company
• Stora Enso Oyj
• Suzano Papel e Celulose
• UPM-Kymmene Oyj
• WestRock Company.

What is included in market segmentation?

The report has segmented the global wood pulp market based on type, grade, end use industry and region.

Breakup by Type:
• Hardwood
• Softwood

Breakup by Grade:
• Mechanical
• Chemical
• Semi-Chemical
• Others

Breakup by End Use Industry:
• Packaging
o Food and Beverages
o Pharmaceutical
o Personal Care and Cosmetics
o Automotive
o Others
• Paper
o Newspaper
o Books and Magazines
o Tissues
o Others
• Others

Breakup by Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

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If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

Key Highlights of the Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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