Wood Pulp Market

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 2021 to 2030.

Disruptions in supply chain caused due to the lockdown measures has severely hampered the imports of the raw materials for the manufacturing processes as well as exports of the finished products of various packaging and paper products, which has negative impact on the global wood pulp market.

Wood that has been crushed to a fine pulp for use in the manufacturing of newspaper and other low-cost papers as well as hardboard is known as wood pulp. There are two ways of making wood pulp, which include chemical pulping and mechanical pulping. In chemical pulping, wood chips (from trees) are cooked using a chemical process in essentially a pressure cooker known as a digester. Finely pulped wood is been digested by a chemical, such as caustic soda and sometimes bleached. Whereas, in mechanical pulping the pulp is created through grinding wood chips instead of cooking them. Wood pulp is a versatile material used for a wide variety of products. The four most common applications for wood pulp are tissue, printing & writing papers, board, and specialty papers. 

Rise in use of pulp in the paper manufacturing industry boosts the global market growth. The use of wooden pulp in the manufacturing of furniture and production of soft pieces used in the residential sector further fuel the growth of the market. In addition, rise in global demand for tissue paper, which is majorly used in kitchens, toilets, and households, is expected to drive the market growth during the forecast period. However, implementation of stringent environmental regulations regarding deforestation is anticipated to negatively impact the growth of the market for wood pulp in the coming years. 

The global wood pulp market is segmented on the basis of type, end-use industry, and region. On the basis of type, the global wood pulp market is segmented into softwood and hardwood. The end-use industry of wood pulp include packaging (food & beverage, pharmaceuticals, personal care & cosmetics, automotive and others), paper (newspaper, books & magazines, tissues, and others), and others. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific accounts for the largest share of the market, followed by North America and Europe.

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

Wood Pulp Market, by Type

The hardwood segment accounted for the largest share in 2020, and is projected to grow at the highest CAGR of 4.3% during the forecast period.

Wood Pulp Market, by End Use Industry

The packaging segment accounted for the largest share of the wood pulp market in 2020. The global wood pulp market is majorly driven by the use of wood pulp in the production of various kinds of packaging materials for use in different end-use industries.

Wood Pulp Market, by Region

The Asia-Pacific region accounted for a maximum share in the global wood pulp market in 2020. With growing population and disposable income, the need for paper-based print media is anticipated to drive the demand for wood pulp in the region.

Key Benefits For Stakeholders

• The report provides in-depth analysis of the global wood pulp market along with the current trends and future estimations. 
• This report highlights the key drivers, opportunities, and restraints of the market along with the impact analysis during the forecast period.
• Porter’s five forces analysis helps to analyze the potential of the buyers & suppliers and the competitive scenario of the global Wood Pulp market for strategy building.
• A comprehensive market analysis covers the factors that drive and restrain the global wood pulp market growth.
• The qualitative data about market dynamics, trends, and developments is provided in the report.

Impact Of Covid-19 On The Global Wood Pulp Market

• COVID-19 has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020. 
• Some of the major economies suffering from the COVID-19 crises include Germany, France, Italy, Spain, the UK, and Norway. 
• In many countries, the economy has dropped due to the halt of several industries, especially transport and supply chain. Demand for the product has been hindered as there is no development due to the lockdown. 
• The demand–supply gap, disruptions in raw material procurement, and price volatility are expected to hamper the growth of the industry during the COVID-19 pandemic.
• The shutdown of the packaging industry has negatively impacted the growth of the wood & furniture industry, which, in turn, hampers the growth of the global wood pulp market.
• In many countries, industries are shut down, thus, the production of wood pulp has declined drastically, due to the restrictions imposed on labor movement.

Key Market Segments

By Type

• Hardwood
• Soft Wood

By End-use Industry

• Packaging
  • Food & Beverages
  • Pharmaceutical
  • Personal Care & Cosmetics
  • Automotive
  • Others
• Paper
  • Newspaper
  • Books and Magazine
  • Tissues
  • Others
  • Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • Spain
  • Italy
  • UK
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia-Pacific
• LAMEA
  • Brazil
  • South Africa
  • Saudi Arabia
  • Rest of LAMEA

Key Market Players 

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