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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 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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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.
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 Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Grade
Market Breakup by End Use
Market Breakup by Region
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.
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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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.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Grade |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Wood Pulp Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Wood Pulp Market Analysis
8.1 Key Industry Highlights
8.2 Global Wood Pulp Historical Market (2018-2023)
8.3 Global Wood Pulp Market Forecast (2024-2032)
8.4 Global Wood Pulp Market by Type
8.4.1 Soft Wood
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Hard Wood
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Wood Pulp Market by Grade
8.5.1 Mechanical
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Chemical
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Semi-Chemical
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Wood Pulp Market by End Use
8.6.1 Packaging
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.1.3 Breakup by Type
8.6.1.3.1 Food and Beverages
8.6.1.3.1.1 Historical Trend (2018-2023)
8.6.1.3.1.2 Forecast Trend (2024-2032)
8.6.1.3.2 Personal Care and Cosmetics
8.6.1.3.2.1 Historical Trend (2018-2023)
8.6.1.3.2.2 Forecast Trend (2024-2032)
8.6.1.3.3 Pharmaceuticals
8.6.1.3.3.1 Historical Trend (2018-2023)
8.6.1.3.3.2 Forecast Trend (2024-2032)
8.6.1.3.4 Automotive
8.6.1.3.4.1 Historical Trend (2018-2023)
8.6.1.3.4.2 Forecast Trend (2024-2032)
8.6.1.4.5 Others
8.6.2 Print Media
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.2.3 Breakup by Type
8.6.2.3.1 News Printing
8.6.2.3.1.1 Historical Trend (2018-2023)
8.6.2.3.1.2 Forecast Trend (2024-2032)
8.6.2.3.2 Book/Magazine Printing
8.6.2.3.2.1 Historical Trend (2018-2023)
8.6.2.3.2.2 Forecast Trend (2024-2032)
8.6.2.3.3 Advanced Printing
8.6.2.3.3.1 Historical Trend (2018-2023)
8.6.2.3.3.2 Forecast Trend (2024-2032)
8.6.2.3.4 Others
8.6.3 Tissues
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global Wood Pulp Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Wood Pulp Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Wood Pulp Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Wood Pulp Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Wood Pulp Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Wood Pulp Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code: 4705)
16.1 Major Exporting Countries
16.1.1 By Value
16.1.2 By Volume
16.2 Major Importing Countries
16.2.1 By Value
16.2.2 By Volume
17 Price Analysis
17.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
18 Manufacturing Process
18.1 Overview
18.2 Detailed Process Flow
18.3 Operations Involved
19 Competitive Landscape
19.1 Market Structure
19.2 Company Profiles
19.2.1 Celulosa Arauco y Constitucion S.A.
19.2.1.1 Company Overview
19.2.1.2 Product Portfolio
19.2.1.3 Demographic Reach and Achievements
19.2.1.4 Certifications
19.2.2 Södra
19.2.2.1 Company Overview
19.2.2.2 Product Portfolio
19.2.2.3 Demographic Reach and Achievements
19.2.2.4 Certifications
19.2.3 Suzano S.A.
19.2.3.1 Company Overview
19.2.3.2 Product Portfolio
19.2.3.3 Demographic Reach and Achievements
19.2.3.4 Certifications
19.2.4 Empresas CMPC SA
19.2.4.1 Company Overview
19.2.4.2 Product Portfolio
19.2.4.3 Demographic Reach and Achievements
19.2.4.4 Certifications
19.2.5 Asia Pacific Resources International Limited (APRIL)
19.2.5.1 Company Overview
19.2.5.2 Product Portfolio
19.2.5.3 Demographic Reach and Achievements
19.2.5.4 Certifications
19.2.6 Metsä Group
19.2.6.1 Company Overview
19.2.6.2 Product Portfolio
19.2.6.3 Demographic Reach and Achievements
19.2.6.4 Certifications
19.2.7 UPM-Kymmene Corporation
19.2.7.1 Company Overview
19.2.7.2 Product Portfolio
19.2.7.3 Demographic Reach and Achievements
19.2.7.4 Certifications
19.2.8 Georgia-Pacific LLC
19.2.8.1 Company Overview
19.2.8.2 Product Portfolio
19.2.8.3 Demographic Reach and Achievements
19.2.8.4 Certifications
19.2.9 Others
20 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Wood Pulp Market: Key Industry Highlights, 2018 and 2032
2. Global Wood Pulp Historical Market: Breakup by Type (MMT), 2018-2023
3. Global Wood Pulp Market Forecast: Breakup by Type (MMT), 2024-2032
4. Global Wood Pulp Historical Market: Breakup by Grade (MMT), 2018-2023
5. Global Wood Pulp Market Forecast: Breakup by Grade (MMT), 2024-2032
6. Global Wood Pulp Historical Market: Breakup by End Use (MMT), 2018-2023
7. Global Wood Pulp Market Forecast: Breakup by End Use (MMT), 2024-2032
8. Global Wood Pulp Historical Market: Breakup by Region (MMT), 2018-2023
9. Global Wood Pulp Market Forecast: Breakup by Region (MMT), 2024-2032
10. North America Wood Pulp Historical Market: Breakup by Country (MMT), 2018-2023
11. North America Wood Pulp Market Forecast: Breakup by Country (MMT), 2024-2032
12. Europe Wood Pulp Historical Market: Breakup by Country (MMT), 2018-2023
13. Europe Wood Pulp Market Forecast: Breakup by Country (MMT), 2024-2032
14. Asia Pacific Wood Pulp Historical Market: Breakup by Country (MMT), 2018-2023
15. Asia Pacific Wood Pulp Market Forecast: Breakup by Country (MMT), 2024-2032
16. Latin America Wood Pulp Historical Market: Breakup by Country (MMT), 2018-2023
17. Latin America Wood Pulp Market Forecast: Breakup by Country (MMT), 2024-2032
18. Middle East and Africa Wood Pulp Historical Market: Breakup by Country (MMT), 2018-2023
19. Middle East and Africa Wood Pulp Market Forecast: Breakup by Country (MMT), 2024-2032
20. Major Importing Countries by Volume
21. Major Exporting Countries by Volume
22. Major Importing Countries by Value
23. Major Exporting Countries by Value
24. North America Historical Price Trends and Forecast 2018-2032
25. Europe Historical Price Trends and Forecast 2018-2032
26. Asia Pacific Historical Price Trends and Forecast 2018-2032
27. Latin America Historical Price Trends and Forecast 2018-2032
28. Middle East and Africa Historical Price Trends and Forecast 2018-2032
29. Global Wood Pulp Market Structure
In 2023, the global wood pulp market attained a value of USD 166.65 billion.
The market is projected to grow at a CAGR of 2.7% between 2024 and 2032.
The market is projected to witness a healthy growth in the forecast period of 2024-2032 to attain around a value of USD 211.82 billion by 2032.
The market is being driven by rising population, growing disposable incomes, rapid urbanisation, and the rising demand for wood pulp in the paper sector.
The key trend guiding the market development includes rising consumption of tissue papers in households and various end-use sectors.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading types of wood pulp in the market are soft wood and hard wood.
The major grades of wood pulp in the industry are mechanical, chemical, and semi-chemical, among others.
The various end uses of wood pulp include packaging, print media, and tissues, among others.
The major players in the market are Celulosa Arauco y Constitucion S.A., Södra, Suzano S.A., Empresas CMPC SA, Asia Pacific Resources International Limited (APRIL), Metsä Group, UPM-Kymmene Corporation, and Georgia-Pacific LLC, among others.
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