Global Wood Pulp Market to expand at a rate of 2.1% during 2021-2027

November 19, 2021

According to the research report titled, ‘Global Wood Pulp Market Size study, by Type (Hardwood and Softwood), by End-Use Industry (Packaging and Paper), and Regional Forecasts 2021-2027,’ available with MarketStudyReport, global wood pulp market is anticipated to register an annual growth rate of 2.1% during 2021-2027.

Escalating demand from paper sector and increasing demand for tissue paper products are boosting the expansion of global wood pulp market.

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For the unversed, wood pulp basically refers to the wood that has been crushed and cut up to small pieces. It is predominantly used for manufacturing and paper products like newspaper, hardboard. The process of pulp making comprises of breaking down the wood and extracting cellulose fibers without damaging it.

In addition, the emergence of new and sustainable technology solutions along with the surge in tissue paper consumption are augmenting industry outlook. As per the data released by Statista, worldwide consumption of tissue paper is slated to jump from 41.5 million tonnes in 2020 to nearly 52 million tonnes by 2027.

On the contrary, the progression of global wood pulp market is likely to be hampered by rigid regulations related to production as well as import and export of wood pulp.

Based on type, the industry is bifurcated into hardwood and softwood, whereas, fragmentation in terms of end-use industry includes packaging and paper.

Speaking of the geographical ambit, regions like North America, Asia Pacific, Europe, and Latin America are considered to understand the dynamics of this industry vertical. Among these, Asia Pacific presently holds a significant share of market revenue and is expected to amass notable gains over 2021-2027. This is ascribed to increasing disposable incomes and growing population in nations like India and China.

Alongside, the growing demand for paper-based print media and strong demand for wood pulp from the packaging sector is also adding momentum to Asia-Pacific wood pulp market development.

Key players operating in global wood pulp market are WestRock Company, UPM-Kymmene, Svenska Cellulosa AB, Stora Enso Oyj, Sonoco Products Company, Sappi Limited, Oji Holdings Corporation, Nippon Paper Industries Co. Ltd., Metsa Group, and The International Paper Company.

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