Wood Pulp Market

Wood Pulp Market Size (2023-2028):

Wood Pulp Market was worth US$ 153.76 billion in 2022. It is projected to reach a valuation of US$ 187.61 billion by 2028, registering a CAGR of 3.54% from 2023 to 2028.

Wood pulp is fine wood fiber pulp disseminated in chemicals like soda ash and bleaching powder to make hardboards and reduced paper. Wood pulp is predominantly wood that is finely grounded into a pulp used to make hardboard, newspaper, and other reduced materials. Majorly two methods that can produce wood products one is mechanical pulping and the other is synthetic pulping. A chemical reaction is used for cooking wood chips in a digester, or a pressure cooker. 

Finely pulped wood is cleaned after being digested by a substance containing something like caustic soda. While in the robotic pulping process, the pulp is formed by milling the wood chips rather than burning them. Wood pulp can be divided into several types: softwood, hardwood, earlywood, and latewood Pulp.  

Wood Pulp Market Growth: 

The pulp market is expected to grow steadily in the forecasted period due to the increasing need for paper due to the vast usage of paperboard in homes, kitchens, bathrooms, restaurants, and healthcare facilities.  

Wood Pulp Market Drivers: 

One of the significant factors affecting the expansion of the wood pulp market is the rising demand for the paper production industry resulting from the widespread usage of tissue paper in homes, kitchens, restaurants, restrooms, and healthcare facilities. In addition, the market's growth is helped by the use of wood pulp in producing soft furnishings and decor for homes. Moreover, there is expected to be a rise in the demand for wrapping paper, mainly utilized in residences, restrooms, and restaurants throughout the projection period. The need for pulp made from straw, wheat, maize, and rice is also predicted to increase during the forecast period. Moreover, a developing market for cotton pulp in various sectors will also fuel the wood pulp market in the upcoming years. 

Printing paper makers have a more robust demand for hardwood or short-fiber pulp due to its superior cleanliness quality and potent absorptivity. Moreover, products made from it are simple to recycle, and sales of hardwood pulp have grown over time in other industries.

In the future, a more favorable market for the sales of hardwood pulp is predicted due to growing concern over environmental contamination because of the increased volume of plastic waste.  

Market leaders are investing significantly in developing their production technologies and boosting their production capabilities to meet the increasing demand for pulp. To increase their global footprint, these companies also emphasize the diversification of their product line. Moreover, the global pulp market is predicted to be further stimulated by the packaging industry's growing trend toward sustainability.  

Wood Pulp Market Restraints: 

However, it is expected that the implementation of strict environmental restrictions addressing deforestation will have a detrimental effect on the expansion of the wood pulp market in the upcoming years. 

WOOD PULP MARKET REPORT COVERAGE:

Market Segmentation: 

Wood Pulp Market By Type:

• Non-wood pulp

• semi-chemical pulp

• chemical pulp

During the forecasted period, non-wood pulp will be the most significant sector because of the rising demand for tissue paper. This demand is expected to fuel market expansion during the projected period. In addition, the restaurant and hotel industries are seeing a sharp rise in tissue use.

Wood Pulp Market  By End-use Industry:

• Packaging

• Paper 

• Others

Globally, wood pulp is the fastest-growing market for tissue paper. Furthermore, during the anticipated time, there will be a rise in the global supply of wrapping paper, mainly utilized in homes, restrooms, and restaurants. 

Wood Pulp Market Regional Analysis:

• North America

• Europe 

• Asia Pacific 

• Latin America 

• Middle east and Africa 

North America will have the fastest-growing market over the predicted time because of the abundance of coniferous forests that supply the materials to the paper industry. Canada is one of the top suppliers of wood pulp. It is one of the largest pulp and paper markets and about a fourth of the world's most extensive boreal forests. As a result, the nation produces significant raw materials to meet internal and international demand. 

Asia-Pacific held the most significant share in 2021 and is predicted to continue to dominate in revenue by 2027. The global wood pulp market is expanding in the region due to the rising demand from the paper sector and rising consumer demand for items made of tissue paper.  

In Europe, prices for wood pulp are anticipated to rise. However, the hardwood pulp and the softwood pulp market were highly constrained. Market participants concurred that ongoing logistics issues were a significant factor influencing the availability and supporting the most recent price increases, in addition to the continued vigor of the demand. Several contacts highlighted increasing rail transport challenges, particularly in Germany, and the continent's longstanding issues with maritime shipping and the trucking industry. 

In the Middle East and Africa, the wood pulp market is anticipated to grow at a CAGR of 3.2% from 2022 to 2027. Growth in this region can be attributed to rapid lifestyle changes and rising consumer demand for packaged and fresh foods. In addition, the increasing number of youngsters is also one of the significant reasons that influence the growth of paper packaging and the region's pulp market's potential for growth.

 South America exports 33% of the world's pulp, and the demand is still growing internationally. This shows the region's importance in the wood pulp industry. This situation offers a fantastic chance to influence the South American area through a market strategy that will promote sustainability in producing essential commodities like pulp and paper. 

 Recent Developments in the Wood Pulp Market 

• The Heinz Company is developing a ketchup bottle made of wood pulp. 

• The Estée Lauder Companies will market paper bottles made of pulp.

Wood Pulp Market Key Players: 

• ARAUCO

• UPM-Kymmene Oyj

• Suzano Papel e Celulos

• Mercer International

• APRIL Group

• Sappi

• Nippon Paper

• Sonoco Products

• Canfor Corporation

• International Paper