Wood Pulp Market Strategic Sustainment Future Proofing Your Business in Evolving Markets

The global wood pulp market, as per a report by Allied Market Research, recorded a substantial revenue of $165.3 billion in 2020. It is expected to exhibit a consistent growth trajectory, with a projected valuation of $242.1 billion by 2030, reflecting a Compound Annual Growth Rate (CAGR) of 3.9% during the forecast period from 2021 to 2030. The report delves into various aspects, including evolving market dynamics, key segments, the value chain, significant investment zones, regional market conditions, and competitive terrain.

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Eswara Prasad, a Manager in the Chemical and Materials division at Allied Market Research, highlighted the increasing use of wood pulp in the paper sector in developing Asia-Pacific regions, which has bolstered the global supply chain. Prasad emphasized the critical role played by the pulp industry in driving socio-economic growth and sustainable environmental development, foreseeing a positive impact on the wood pulp market growth. Additionally, he cited the growth of the food and beverages packaging sector as a contributing factor to the surge in pulp and paper demand, further propelling market expansion.

However, the COVID-19 pandemic disrupted the global supply chain, leading to disruptions in import-export activities and impacting manufacturing processes. This resulted in a notable decline in demand for wood pulp across industries such as packaging and paper products due to temporary operational restrictions. Nonetheless, as economies gradually reopen post-lockdown and daily operations resume in various end-use industries, an upsurge in demand is anticipated.

The report provides an extensive segmentation of the global wood pulp market based on type, end-use industry, and region. Notably, the hardwood segment dominated the market in 2020, accounting for over three-fifths of the total market share and is expected to maintain its supremacy during the forecast period. The same segment is projected to witness the highest CAGR of 4.6% from 2021 to 2030. The softwood segment is also mentioned.

In terms of end-use industry, the packaging sector held the largest market share in 2020, accounting for over half of the total market share, and is poised to sustain its leading position. However, the papers segment is anticipated to register the highest CAGR of 4.4% from 2021 to 2030.

Regionally, Asia-Pacific stood out with the highest revenue share in 2020, contributing over two-fifths of the total market share and is expected to maintain its dominance through 2030. The region is also anticipated to demonstrate the fastest CAGR of 4.7% during the forecast period. Other regions mentioned include North America, Europe, and LAMEA.

The key players in the global wood pulp market, as identified in the report, include International Paper, Metsä Group, Nippon Paper, Oji Holdings Corporation, Sappi, Sonoco Products, Stora Enso, Svenska Cellulosa Aktiebolaget, UPM-Kymmene Corporation, and WestRock.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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