Global Wood Pulp Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2024-2032)

Global Wood Pulp Market Size

The global wood pulp market reached approximately USD 166.65 billion in 2023. The market is projected to grow at a CAGR of 2.7% between 2024 and 2032.

Wood Pulp Market Outlook

• The demand for personal hygiene products like tissues, toilet paper, and diapers is contributing to growth in the market.

• Technological advancements in pulping processes and waste management are enabling producers to increase efficiency and reduce costs.

• Economic growth and industrialisation in emerging markets, especially in Asia and Africa, are driving demand for paper products.

Wood Pulp Market Growth Rate

Wood pulp is processed into paper using chemical compounds, including caustic soda and it is primarily used for the production of newsprints, cheap paper, and hardboard. There are several methods to produce wood pulp, such as mechanical pulping, which retains most of the wood's original lignin, and chemical pulping, which removes most of the lignin to produce a stronger and purer cellulose pulp.

The wood pulp market growth is primarily driven by the rising demand from the paper sector due to the rising consumption of tissue paper throughout the world, as it is primarily used in kitchens, toilets, households, restaurants, and hotels. With the rise of e-commerce and changes in consumer behaviour, there is an increased demand for paper and paperboard packaging which is driven by the need for sustainable packaging solutions due to rising environmental concerns. Economic growth in emerging markets also leads to increased consumption of paper and paper-based products for education, communication, and packaging which, in turn, drives the demand for wood pulp.

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Key Trends and Developments

Expansion of the bio-economy; adoption of integrated production processes; technological innovations in pulping processes; and regulatory impact on production and consumption are the major trends impacting the wood pulp market expansion

March 15th, 2024

Moorim P&P partnered with Andritz for the modernisation of an evaporation plant at its Ulsan wood pulp mill in South Korea, aiming to increase efficiency and reduce resource consumption.

March 7th, 2024

Valmet is set to deliver a new digester top separator to Södra Cell’s Mönsterås Mill in Sweden, indicating continued investments in efficiency and sustainability.

March 5th, 2024

ANDRITZ announced that it has completed the handover of the UPM Paso de los Toros pulp mill in Uruguay to UPM, marking the completion of the world's biggest single-line pulp mill.

February 29th, 2024

Suzano announced a record annual investment of R$18.6 billion in 2023, including the construction of the largest single pulp line in the world, marking a significant expansion and modernisation effort.

Expansion of the bio-economy in wood pulp market

Wood pulp and its by-products are being increasingly recognised for their potential in the bioeconomy, including the production of biofuels, bioplastics, and other bio-based materials.

Adoption of integrated production processes

Many companies are adopting integrated production processes, where pulp mills are co-located with paper manufacturing facilities or other end-use product manufacturing, improving overall sustainability and efficiency.

Technological innovations in pulping processes

Advancements in pulping technology aim to make the process more efficient and environmentally friendly and innovations include more effective methods of extracting cellulose fibers.

Regulatory impact on production and consumption

Environmental regulations, including those targeting deforestation, pollution, and carbon emissions, are becoming stricter in many regions which can impact wood pulp production.

Wood Pulp Market Trends

Advancements in pulping technology are crucial for the sustainability and efficiency of the paper and pulp sector. Cellulose is the primary component of wood that is sought after in the pulping process, as it is the material that gets turned into pulp and subsequently paper. Traditional methods of cellulose extraction often involve chemical and mechanical processes that can be energy-intensive and environmentally damaging. New technologies aim to improve the efficiency of cellulose extraction, thereby reducing the amount of wood required to produce the same amount of pulp.

Market players in the pulp market are readily enhancing the production capacity of their wood pulp production plants. For instance, the announcement in March 2024 regarding the completion and handover of the UPM Paso de los Toros pulp mill in Uruguay by ANDRITZ to UPM signifies a major milestone in the global pulp sector. The construction showcases the technological advancements in the pulp manufacturing sector, with ANDRITZ playing a crucial role in providing cutting-edge solutions for efficient and sustainable pulp production.

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Wood Pulp Industry Segmentation

“Wood Pulp Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Soft Wood

• Hard Wood

Market Breakup by Grade

• Mechanical

• Chemical

• Semi-Chemical

• Others

Market Breakup by End Use

• Packaging
  • Food and Beverages
  • Personal Care and Cosmetics
  • Pharmaceuticals
  • Automotive
  • Others
• Print Media
  • News Printing
  • Book/Magazine Printing
  • Advanced Printing
  • Others
• Tissues

• Others

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

Wood Pulp Market Share

Hardwood pulp maintains its dominance in the market due to the increased utilisation of hardwood pulp-based paper in the printing sector

Hardwood pulp occupies a significant share of the global wood pulp market. Hardwood fibres are shorter and tend to produce paper with a smoother surface and higher density, which is preferred for applications requiring fine printing qualities and detail, such as writing paper, high-quality office paper, and certain types of printing paper. The smooth texture is advantageous for printing applications where clarity and precision are important. Hardwood trees also generally grow faster than softwood trees, making them a more rapidly renewable resource for pulp production.

Softwood pulp is also anticipated to hold a sizeable share of the market in the forecast period. The longer fibres of softwood provide greater tensile strength, tear resistance, and overall durability to paper products which makes softwood pulp essential for the production of papers that require high strength, such as kraft paper, packaging materials, and corrugated board used in shipping boxes. The growth of e-commerce has particularly spurred the demand for these packaging materials, as businesses and consumers increasingly rely on online shopping and delivery services.

The packaging sector accounts for a major share due to the rising demand for sustainable packaging solutions

The packaging sector occupies a significant share of the market as there is a global shift towards sustainable packaging solutions driven by consumer awareness and regulatory policies aimed at reducing environmental impact. Wood pulp, especially from sustainably managed forests, offers an eco-friendly alternative to petroleum-based packaging materials. Consumers increasingly prefer paper-based packaging over plastic due to environmental concerns as paper packaging is perceived as more sustainable, safer, and often higher quality. Governments worldwide are enacting regulations to reduce the use of single-use plastics, leading to an increased demand for alternative materials. Wood pulp-based packaging offers a viable solution, prompting end-use sectors to adopt paper-based packaging on a larger scale.

The print media sector is anticipated to grow robustly in the wood pulp market in the coming years. Print media products often require high-quality paper to ensure clarity, durability, and aesthetic appeal in printing. Wood pulp provides the necessary fibre properties for producing various grades of paper, accommodating everything from the high-resolution images in glossy magazines to the everyday robustness of newspapers.

Leading Companies in Wood Pulp Market

The market players are increasing their pulp production facilities to gain a competitive edge in the market

Celulosa Arauco y Constitucion S.A. commonly known as Arauco, is one of the largest forestry enterprises in Latin America and it operates in the production of pulp, wood panels, and lumber.

Södra operates primarily in the forestry, wood products, and pulp sectors and is known for its sustainable forest management and environmental stewardship.

Suzano S.A. is a Brazilian company and one of the world's largest producers of eucalyptus pulp. It also operates in the paper manufacturing sector, producing paper for printing and writing.

Empresas CMPC SA, headquartered in Chile, is a leading forestry, pulp, paper, and tissue manufacturer in Latin America and the company operates through several business units, including paper and packaging products.

Other key players include Asia Pacific Resources International Limited (APRIL), Metsä Group, UPM-Kymmene Corporation, and Georgia-Pacific LLC, among others.

Market players in the wood pulp market are investing in expanding their wood pulp production capabilities through new facilities and upgrading existing mills. This expansion is aimed at meeting the growing global demand for pulp, especially for packaging and hygiene products, and securing a larger market share.

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Wood Pulp Market Analysis by Region

North America is one of the significant regional markets as Canada is one of the largest producers of wood pulp globally, owing to the presence of coniferous forests that provide raw materials to the paper sector.  Canada has about a quarter of the world's boreal forests and is among the largest pulp and paper market in the world. The country produces a significant number of raw materials, satisfying both international and domestic demand. The region has also seen a growing emphasis on sustainability and environmental stewardship, which impacts the demand for wood pulp. Consumers, corporations, and governments are increasingly supportive of using renewable resources and recycling materials, propelling the use of wood pulp as an eco-friendly alternative to fossil-fuel-based products.

The wood pulp market in Asia Pacific is expected to witness sizeable growth in the foreseeable future. Asia Pacific is a major manufacturing hub for various end-use sectors, including electronics, textiles, and automobiles, which require substantial amounts of packaging for both domestic consumption and export. The demand for wood pulp is closely tied to the production and export activities in these sectors.

Key Highlights of the Report

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Wood Pulp Market Report Snapshots

Wood Pulp Market Size

Wood Pulp Market Growth

Wood Pulp Market Trends

Wood Pulp Market Share

Wood Pulp Companies

Wood Pulp Market Regional Analysis