Wood Pulp Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 189.48 Billion |
| Market Size (2029) | USD 227.33 Billion |
| CAGR (2024 - 2029) | 3.71 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Wood Pulp Market Analysis
The Wood Pulp Market size is estimated at USD 189.48 billion in 2024, and is expected to reach USD 227.33 billion by 2029, growing at a CAGR of 3.71% during the forecast period (2024-2029).
- The drivers identified in the market are increasing demand for wood pulp from the paper industry, rising consumer demand for tissue paper products, and growth in the trade of wood pulp products. The restraints identified in the market are stringent environmental regulations with respect to deforestation and increasing energy and transportation costs.
- The United States is the major producer of wood pulp in the world, and Brazil, China, and Sweden are other major pulp producers. According to ITC Trade data, in 2021, the total import of wood pulp was estimated to be 3.98 million metric tons. The major importers of wood pulp are China, India, Egypt, and Korea. In 2021, China imported more than 40% of the total import quantity, which was estimated at 1.61 million metric tons.
- The main grades of pulp are chemical pulp, mechanical and semi-chemical pulp, and other pulp. According to FAO data, in 2020, 78% of the pulp produced was of chemical pulp grade and 16% was of mechanical and semi-chemical grade out of the 188 million metric tons of production volume recorded in the same year.
- The paper industry is one of the major consumers of wood pulp. In 2020, according to data from FAOstat, the leading pulp producers are the United States with 49.9 million metric tons, Brazil with 21 million metric tons, and China with 18.3 million metric tons. Other major producers include Canada, Sweden, Finland, etc.
Wood Pulp Market Trends
This section covers the major market trends shaping the Wood Pulp Market according to our research experts:
Rising Consumer Demand for Paper Products is Driving the Market
The rising global demand, along with consumption, for tissue paper, which is essentially used in kitchens, toilets, and households, is expected to drive the market's growth over the forecast period. As people become more aware of personal hygiene and sanitation, the use and production of pulp-based sanitary products are increasing. A recent trend is also pushing tissue-based manufacturers to develop sustainable and eco-friendly products by using wood fibers and recycled paper pulp and to avoid the use of plastic-based products. The demand from developing countries for tissue paper and other pulp-based sanitary products has been increasing in recent times. Though the demand has been on the rise and the production of wood pulp has been increasing in recent years, in 2020 the production was down due to the trade challenges faced across the globe in 2019, and the volume was estimated to be 188 million metric tons, which is expected to increase in the following years as there is no hindrance and the demand is increasing.
The United States is the largest consumer of tissue paper in the world; on average, 25 kg of tissue is consumed per person annually. About 37% of this consumption occurs via kitchen towels. Canada has 24% of the world's boreal forests and is one of the world's largest pulp and paper markets. The country produces a considerable amount of raw material, satisfying demand at both domestic and international levels. According to ITC Trade data. The total import of tissue papers across the globe in 2021 was valued at USD 11.6 billion, and the United States accounted for more than 12% of the import value. The major importers of tissue paper products are the United States, Germany, France, Canada, etc., and the major exporters are China, Germany, Italy, the United States, etc.
United States is the Largest Producer
The United States is the largest producer of wood pulp, globally, due to the presence of coniferous forest, which provides the raw material for the paper industry. In 2020 United states accounted for 26.8% of the world's total wood pulp production and was estimated to be 50.8 million metric ton a 3.2% increase from the 2017 volume, according to FAOstat data. The United States constitutes some of the biggest paper-producing companies in the world like International Papers, operating in more than 24 countries, Georgia-Pacific Corp, Weyerhaeuser Corporation, etc.
According to ITC Trade data, there has been a significant increase in the export of wood pulp from the United States from 2017 to 2021, the exports grew by more than 200% during the period and reached 63,727 metric ton. Though the United States is not a major exporter, especially due to the higher domestic consumption, the scenario is changing in recent years as consumption is decreasing but production is increasing which is boosting the export to cater to the demand. The production and export of in the United States for wood pulp are expected to increase as a strong demand is expected during the forceasted years.
Wood Pulp Market News
- November 2022: Nippon Paper Industries has increased the price of its packaging paper by 15% or more for shipments starting December 1st, 2022, in Japan. The company stated that this decision was made after its efforts to cut costs were not productive due to the high volatility in the market.
- November 2022: The Canada-based Resolute's Ontario woodland has started using drones to plan and spread seeds this spring after mapping out the area. They aim to reduce their carbon footprint and also claim this technique could even lead to faster forest regeneration.
- September 2022: UPM''s Paso de Los Toros greenfield BHK mill in Uruguay, which was delayed from the original start date, is expected to start operation by the first quarter of 2023. The mill's capacity is said to be 2.1 million metric tons.
Wood Pulp Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
- 4.4 Value Chain Analysis
5. MARKET SEGMENTATION
-
5.1 Geography
- 5.1.1 North America
- 5.1.1.1 United States
- 5.1.1.2 Canada
- 5.1.2 Europe
- 5.1.2.1 Germany
- 5.1.2.2 United Kingdom
- 5.1.2.3 France
- 5.1.3 Asia-Pacific
- 5.1.3.1 China
- 5.1.3.2 Australia
- 5.1.3.3 India
- 5.1.4 South America
- 5.1.4.1 Brazil
- 5.1.4.2 Argentina
- 5.1.5 Middle East and Africa
- 5.1.5.1 South Africa
- 5.1.5.2 Egypt
6. MARKET OPPORTUNITIES AND FUTURE TRENDS
Wood Pulp Industry Segmentation
Wood pulp is made when wood fibers are mechanically or chemically reduced into pulp form. Wood pulp is processed into paper with the help of chemical compounds such as caustic soda. The Wood Pulp Market is segmented by geography (North America, Europe, Asia-Pacific, South America and Middle East and Africa). The study covers Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis of wood pulp at a macro-level, in addition to the value chain. The report offers market estimation and forecast in value (USD thousand) and Volume (metric ton).
| Geography | North America | United States |
| Canada | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Geography | Asia-Pacific | China |
| Australia | ||
| India | ||
| Geography | South America | Brazil |
| Argentina | ||
| Geography | Middle East and Africa | South Africa |
| Egypt |
Wood Pulp Market Research FAQs
How big is the Wood Pulp Market?
The Wood Pulp Market size is expected to reach USD 189.48 billion in 2024 and grow at a CAGR of 3.71% to reach USD 227.33 billion by 2029.
What is the current Wood Pulp Market size?
In 2024, the Wood Pulp Market size is expected to reach USD 189.48 billion.
Which is the fastest growing region in Wood Pulp Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Wood Pulp Market?
In 2024, the North America accounts for the largest market share in Wood Pulp Market.
What years does this Wood Pulp Market cover, and what was the market size in 2023?
In 2023, the Wood Pulp Market size was estimated at USD 182.70 billion. The report covers the Wood Pulp Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Wood Pulp Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
What are the key growth opportunities in the Woodpulp Industry?
The key growth opportunities in the Woodpulp Industry are a) Rising demand for eco-friendly textiles like viscose creates opportunities for wood pulp-based alternatives to synthetic fibers b) Adoption of certifications and responsible sourcing to meet growing consumer demand for eco-friendly products
Wood Pulp Industry Report
The global wood pulp market is on a growth path, fueled by escalating demand for eco-friendly paper and packaging solutions. Technological innovations in both chemical and mechanical pulping processes are broadening the spectrum of wood pulp applications, ranging from newsprint to high-grade papers and packaging materials. This shift towards more sustainable production methods is pivotal in addressing both the global water scarcity and the need for enhanced agricultural productivity. Regionally, the Asia-Pacific market is at the forefront, driven by advancements in agricultural practices and a focus on conservation. Despite facing challenges related to environmental regulations and deforestation, the wood pulp industry is steadfast in adopting water-saving technologies to cater to the soaring global demand. Insights from Mordor Intelligence™ highlight the market's potential expansion and innovation, underlining wood pulp's critical role in the future of sustainable consumer products. Get a sample of this industry analysis as a free report PDF download.
