Market Size of Wood Pulp Industry
| 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 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).
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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.
Wood Pulp Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Value Chain Analysis
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2. MARKET SEGMENTATION
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2.1 Geography
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2.1.1 North America
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2.1.1.1 United States
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2.1.1.2 Canada
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2.1.2 Europe
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2.1.2.1 Germany
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2.1.2.2 United Kingdom
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2.1.2.3 France
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2.1.3 Asia-Pacific
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2.1.3.1 China
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2.1.3.2 Australia
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2.1.3.3 India
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2.1.4 South America
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2.1.4.1 Brazil
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2.1.4.2 Argentina
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2.1.5 Middle East and Africa
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2.1.5.1 South Africa
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2.1.5.2 Egypt
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Wood Pulp Market Size 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.
