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.
Wood pulp is a fibrous material obtained when the wood is broken into its constituent fibers using chemical or mechanical methods. Amongst the chemical method, wood chips are cooked in solutions of numerous chemicals, screened to remove any uncooked chips, and the pulp undergoes bleaching (if required) to increase its purity, brightness, and whiteness. On the other hand, in the mechanical method, bolts of barked pulpwood are shredded with large, rotating grindstones and the produced pulp is known as groundwood. At present, wood pulp is increasingly being used in the manufacturing of paper, paperboard, and other wood-based products across the globe.
Wood Pulp Market Trends:
There is presently a significant rise in the utilization of wood pulp in the automotive, pharmaceutical, packaging, and food and beverage (F&B) industries around the world. This, in confluence with the thriving pulp and paper industry, represents one of the key factors creating a positive outlook for the market. Moreover, wood pulp finds extensive applications in the production of napkins, handkerchiefs, toilet rolls, baby wipes, diapers, and other personal hygiene products. It is also utilized in car filters, liquid crystal display (LCD) screens, shoes, handbags, fresh food wrapping, paper bags and cups, labels and stickers, newspapers, envelopes, fabrics and clothing, binding agents, and carton board packaging for solid and liquid products. Besides this, rayon, which is a by-product of wood pulp, is used in making bath towels as it is highly absorbent and soft. This, coupled with the increasing utilization of tissue paper products on account of the rising awareness among individuals about personal hygiene, is expected to facilitate the growth of the market in upcoming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global wood pulp market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, grade and end use industry.
Breakup by Type:
Breakup by Grade:
Breakup by End Use Industry:
- Food and Beverages
- Personal Care and Cosmetics
- Books and Magazines
Breakup by Region:
- North America
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 and WestRock Company.
|Base Year of the Analysis
||Type, Grade, End Use Industry, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||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 and WestRock Company
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