Wood Pulp Market - How Companies Accelerating Their Growth by Adapting New Trend

Allied Market Research recently released a report titled "Wood Pulp Market by Type (Hardwood and Softwood) and End-use Industry (Packaging [Food & Beverage, Pharmaceuticals, Personal Care & Cosmetics, Automotive], Paper [Newspaper, Books & Magazines, Tissues], and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030." The report reveals that the global wood pulp market was valued at $165.3 billion in 2020 and is projected to reach $242.1 billion by 2030, growing at a CAGR of 3.9% from 2020 to 2030.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/10227

Key Market Drivers, Restraints, and Opportunities:

- Drivers: The increasing demand from the paper industry and the rising use of tissue papers have significantly fueled the growth of the wood pulp market.
- Restraints: Government-imposed regulations present challenges to market expansion.
- Opportunities: Advancements in sustainable technologies are expected to open new, profitable avenues for growth in the future.

Market Segment Insights:

By Type:

The hardwood segment is expected to experience the highest growth, with a CAGR of 4.6% through 2030. This segment accounted for more than three-fifths of the global wood pulp market in 2020, largely driven by its increased use in packaging products.

The report also provides an analysis of the softwood segment.

By End-use Industry:

The paper segment is projected to register the highest CAGR of 4.4% during the forecast period. However, in 2020, the packaging segment held the largest market share, accounting for more than half of the global market. The surge in demand from industries such as pharmaceuticals and food & beverage, particularly in regions like India, China, and Japan, contributed to this growth.

Regional Insights:

Asia-Pacific, followed by North America, dominated the market in 2020, holding more than two-fifths of the global market share. The region is also expected to witness the highest CAGR of 4.7% during the forecast period, driven by the growing demand for packaging solutions in the pharmaceutical and food & beverage sectors.

Key Market Players:

- International Paper
- Nippon Paper
- Metsä Group
- Sappi
- Oji Holdings Corporation
- Stora Enso
- Sonoco Products
- UPM-Kymmene Corporation
- Svenska Cellulosa Aktiebolaget
- WestRock

This report offers an in-depth analysis of market trends, challenges, and growth opportunities across the global wood pulp industry.

𝐎𝐛𝐭𝐚𝐢𝐧 𝐑𝐞𝐩𝐨𝐫𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬: https://www.alliedmarketresearch.com/wood-pulp-market-A09862

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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.

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