Wood Pulp Market Outlook 2023 | Price Trends, Size, Demand, Forecast 2028

IMARC Group, a leading market research company, has recently releases report titled "Wood Pulp Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," 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 versatile raw material extracted from wood fibers, primarily from softwood and hardwood trees. It is obtained through various pulping processes, including chemical, mechanical, and semi-chemical methods. It is characterized by its fibrous texture and varying degrees of whiteness or color depending on processing. It offers several benefits, such as excellent printability, absorbency, and strength.

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

The escalating demand for sustainable packaging materials in the e-commerce sector to safely pack a wide variety of products represents one of the crucial factors impelling the growth of the market. Additionally, the growing awareness about sustainable forestry practices and eco-friendly production of wood pulp is offering a favorable market outlook. Besides this, technological advancements for developing high-yield pulp varieties are positively influencing the market. In addition, the rising utilization of wood pulp in the pharmaceutical sector for producing drug delivery systems and packaging due to its biodegradability and suitability is strengthening the growth of the market. Moreover, the food and beverage (F&B) industry is using wood pulp-derived additives and coatings in packaging materials, promoting food safety and extending shelf life. Furthermore, the increasing utilization of wood pulp to manufacture textiles is bolstering the growth of the market.

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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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