Wood Pulp Market Size (2024 - 2029)

The wood pulp market is projected to experience growth driven by increasing demand from the paper industry and rising consumer interest in tissue paper products. Despite challenges such as stringent environmental regulations and high energy and transportation costs, the market is expected to expand over the forecast period. The United States stands as the leading producer, with significant contributions from Brazil, China, and Sweden. China is a major importer, reflecting the global trade dynamics in the wood pulp sector. The market's expansion is influenced by the production and consumption patterns of various pulp grades, particularly chemical pulp.

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Market Size of Wood Pulp Industry

Wood Pulp Market Summary
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

Wood Pulp Market Major Players

*Disclaimer: Major Players sorted in no particular order

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 concerning deforestation and increasing energy and transportation costs.
  • The United States is the world's major producer of wood pulp, and Brazil, China, and Sweden are other major pulp producers. According to ITC Trade data, in 2023, the total import of wood pulp was about 3.3 million metric tons. China, India, Egypt, and Korea are major importers of wood pulp. In 2023, China imported more than 41% of the total import quantity, which was 1.3 million metric tons.
  • The main grades of pulp are chemical pulp, mechanical and semi-chemical pulp, and other pulp. According to FAO data, in 2022, 84.5% of chemical pulp grade and 15.5% of mechanical and semi-chemical grade were produced out of the 186 million metric tons of production volume recorded in the same year.
  • The paper industry is one of the major consumers of wood pulp. In 2022, according to data from FAOstat, the leading pulp producers were the United States with 46.5 million metric tons, Brazil with 24.9 million metric tons, and China with 21 million metric tons. Other major producers included Canada, Sweden, and Finland.

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) and volume (metric tons).

By Geography
North America
United States
Canada
Europe
Germany
United Kingdom
France
Asia-Pacific
China
Australia
India
South America
Brazil
Argentina
Middle East and Africa
South Africa
Egypt
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Wood Pulp Market Size Summary

The wood pulp market is poised for steady growth over the forecast period, driven by increasing demand from the paper industry and a rising consumer preference for tissue paper products. The market is also experiencing growth in the trade of wood pulp products, although it faces challenges from stringent environmental regulations and rising energy and transportation costs. The United States stands as the leading producer of wood pulp globally, supported by its vast coniferous forests, with Brazil, China, and Sweden also contributing significantly to production. The market is characterized by a diverse range of pulp grades, with chemical pulp being the most produced. The demand for tissue paper, particularly in developing countries, is expected to further propel market expansion as awareness of personal hygiene and sanitation continues to rise.

The United States not only leads in production but also has a substantial domestic consumption of wood pulp, which has historically limited its export capacity. However, recent trends indicate an increase in exports due to rising production levels and a shift in domestic consumption patterns. The country is home to major paper-producing companies, which play a crucial role in the global supply chain. Canada, with its extensive boreal forests, also contributes significantly to the pulp and paper market, meeting both domestic and international demand. The global trade landscape for tissue paper is marked by significant imports from countries like the United States, Germany, and France, with major exports from China, Germany, and Italy. The market dynamics are further influenced by strategic initiatives such as the use of drones for forest regeneration in Canada and capacity expansions in Uruguay, highlighting ongoing efforts to enhance sustainability and meet growing demand.

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Wood Pulp Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Value Chain Analysis

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Geography

      1. 2.1.1 North America

        1. 2.1.1.1 United States

        2. 2.1.1.2 Canada

      2. 2.1.2 Europe

        1. 2.1.2.1 Germany

        2. 2.1.2.2 United Kingdom

        3. 2.1.2.3 France

      3. 2.1.3 Asia-Pacific

        1. 2.1.3.1 China

        2. 2.1.3.2 Australia

        3. 2.1.3.3 India

      4. 2.1.4 South America

        1. 2.1.4.1 Brazil

        2. 2.1.4.2 Argentina

      5. 2.1.5 Middle East and Africa

        1. 2.1.5.1 South Africa

        2. 2.1.5.2 Egypt

Wood Pulp Market Size FAQs

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.

In 2024, the Wood Pulp Market size is expected to reach USD 189.48 billion.

Wood Pulp Market Report Snapshots

Wood Pulp Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)