Wood Pulp Market: Global Industry Analysis and Forecast (2024-2030)

  • The Wood Pulp Market size was valued at USD 172.73 Bn. in 2023 and the total Global Wood Pulp revenue is expected to grow at a CAGR of 3.04% from 2024 to 2030, reaching nearly USD 213.01 Bn. by 2030.

  • Format : PDF | Report ID : SMR_1810

Wood Pulp Market Overview

Wood pulp is a mushy, wet, and shapeless mass of material, made from wood fibre that has been chemically or physically processed to create paper and other products. Cellulose is the main component of the pulp fibre, in addition to hemicellulose, lignin, resin, pigment, pectin and ash and other substances. Cellulose and hemicellulose are the basic components of pulp, while the other components are removed. There are many properties of pulp, which are divided into physical and chemical properties.

 

Wood pulp is produced by using two different methods, which are Mechanical pulping and Chemical pulping. Mechanical wood pulp, also called grinding wood pulp, is a pulp made by mechanical grinding of fibre raw materials. It occupies an important position in the paper industry. It has low production cost, simple production process, strong ink absorption, high opacity, soft and smooth paper. Suitable for printing requirements. Mechanical wood pulp is mainly used to produce newsprint.

 

In Chemical pulping, Sulphate wood pulp is a mixture of sodium hydroxide and sodium sulfide as cooking agent. In the cooking process, because the action of the liquid is gentle, the fibre is not strongly eroded, so the paper is strong, and the paper has excellent flexural, breaking and tearing strength. It is divided into bleached and unbleached generally. Unbleached sulphate pulp is used to manufacture sulphate paper, bag paper, sulphate carton paper and general wrapping paper and paperboard. Bleached sulphate pulp is used to produce high-grade printing paper, drawing newspaper, offset paper and writing paper.

Wood Pulp Market

 

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Wood Pulp Market Dynamics

Demand for Paper and Packaging Products

With the growing paper and packaging industries, demand for wood pulp also increases, which is key ingredient in their production. Peoples changing preference towards eco-friendly approach is driving the paper packaging industry to replace plastic packaging, which is boosting the growth of wood pulp industry. Paper packaging is 100 per cent recyclable and is easy to recycle for customers, and also Government initiatives to replace plastic with paper is helping the wood pulp market to grow. The market growth is anticipated to be propelled by the increasing worldwide demand and consumption of tissue paper, which is mostly utilized in homes, kitchens, and restrooms.

 

The use of and production of sanitary goods made of pulp is rising as people's awareness of personal hygiene and sanitation grows. Utilizing wood fibres and recycled paper pulp instead of plastic, tissue-based producers are pushed by a new desire to create sustainable and environmentally friendly products. In recent times, emerging nations have become more and more in demand for tissue paper and other hygienic items made of pulp.

 

Environmental Regulations and Social Factors

Strict environmental laws limit the pulp production techniques and require compliance with standards, which raise production cost and limit availability. Public opposition to specific forestry techniques result from worries about habit degradation, deforestation, and indigenous rights limit access to wood fibre resources. Apart from this, volatility in raw material prices, competitive pressure, and technological limitations affect the growth of wood pulp market.

 

Innovation in Product Development and Emerging Markets

There is potential for innovation in development of new paper and packaging products with improved features like strength, biodegradability, and lightweight characteristics. These products open u new market segments and uplift the demand for wood pulp. Rapid industrialization and urbanisation in developing countries creates prospect for rising paper and packaging product consumption, which raises the need for wood pulp in regions where the economy is growing. Companies have a chance to engage in eco-friendly production techniques and sustainable forestry practices in response to consumer’s preference for environmentally responsible products.

 

Wood Pulp Market Segment Analysis

Based on Grade, the market is segmented into Mechanical, Semi chemical, Chemical pulp and others. The process of making Mechanical Grade wood pulp includes separating the fibres without using any chemicals. It includes pulping from recycled paper, thermomechanical pulping (TMP), chemithermomechanical pulping (CTMP), refiner pulping, and stone groundwood pulping (SGW). Wood chips are mechanically ground or refined against a revolving abrasive surface to create it. In contrast to chemical pulp, it preserves a large portion of the natural lignin and other wood constituents, leading to fibres that are coarser and shorter. It has low production cost, simple production process, strong ink absorption, high opacity, soft and smooth paper. Suitable for printing requirements. Mechanical wood pulp is mainly used to produce newsprint.

Wood Pulp Market1

Chemical Grade Pulp, refers to make pulp from raw material with a chemical agent. This method uses fibre plants (mainly wood and straw) as raw materials, and removes most of the lignin by the chemical agent that selectively react with the lignin contained in the raw materials, and makes the single fibre of material is sufficiently separated into pulp, generally, obtained pulp has a high purity of cellulose. There are two types of pulp commonly used in industrial production: alkali pulping and sulfite pulping. 

 

In the cooking process, because the action of the liquid is gentle, the fibre is not strongly eroded, so the paper is strong, and the paper has excellent flexural, breaking and tearing strength. It is divided into bleached and unbleached generally. Unbleached sulphate pulp is used to manufacture sulphate paper, bag paper, sulphate carton paper and general wrapping paper and paperboard. Bleached sulphate pulp is used to produce high-grade printing paper, drawing newspaper, offset paper and writing paper.

 

Semi-chemical pulping is similar to chemical mechanical methods in that the material is first chemically treated and then ground into pulp. However, the degree of chemical treatment is more severe than that of chemical mechanical pulp, and 25% to 50% of lignin and 30% to 40% of hemicellulose in the raw material are removed, and the intercellular substance is partially dissolved. The semi-chemical pulping yield is between 65% and 85%.

 

Wood Pulp Market Regional Analysis

North America dominated the Wood Pulp market in 2023. United States is one of the largest producer of wood pulp globally, owing to the presence of forests that provide raw material for the production of wood pulp. Also Canada has about a quarter of the world’s boreal forest and is among the largest paper and wood pulp market. This countries in the region produce a significant amount of raw material, satisfying domestic as well as international demand of wood pulp. The United States is the largest consumer of tissue paper, which propels the growth of wood pulp market in the region.

Wood Pulp Market2

Asia Pacific is expected to show the fastest growth, with a 3.4% CAGR in the forecast period 2024- 2030. Population in the region and driving demand, because of urbanization fuelling the growth of wood pulp market in the region. China is one of the largest importer of the wood pulp in the region. Increasing domestic paper consumption and packaging needs for its booming export-oriented manufacturing industries are the major drivers of fibre demand in China.

 

Countries like India, Japan and South Korea also import huge amount of wood pulp to meet the demand of paper. Countries in the region are still developing countries, so they are not totally digitalized, which increases the demand for paper in the region. Growing businesses in the region require packaging material for import and export purpose, which drives the market of wood pulp. Countries like India and Japan are banning single use plastic, because of that peoples are using paper bags to replace plastic bags which is supporting the wood pulp market in the region.   

 

Wood Pulp Market Competitive Landscape

On 22 April, 2024 Albany International Korea, Inc., an affiliate of Albany International Corp, announced its plan to discontinue manufacturing at its operations in Chungju, South Korea, and to transfer production to other Albany International manufacturing facilities.

 

In April, 2024 Veritiv Corporation, a leading specialty distributor of value-added packaging, facility solutions and print products and solutions, announced that it has acquired substantially all the assets of Ameripac, LLC, and Ameripac Pennsylvania, LLC ("AmeriPac") a leading provider of turnkey contract packaging and fulfilment services with annual revenues of approximately $60 million.

 

In April, 2024 New investment German packaging maker Heinzel Group has announced that, following the integration of Steyrermühl operations the company acquired from UPM in Austria, it is nearing the completion of a major project at the facility.

Wood Pulp Market Scope

Market Size in 2023

USD 172.73Bn.

Market Size in 2030

USD 213.01Bn.

CAGR (2024-2030)

3.04%

Historic Data

2018-2022

Base Year

2023

Forecast Period

2024-2030

Segments

By Grade

Mechanical

Chemical

Semi-Chemical

Others

By Application

Printing & Writing Paper

             Tissue Paper

Speciality Paper

Packaging Material

Others

Regional Scope

North America- United States, Canada, and Mexico

Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe

Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC

Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa

South America – Brazil, Argentina, Rest of South America

 

Key Players in the Wood Pulp Market

  1. Arctic Paper
  2. Billerud
  3. Canny tissue paper industry llc
  4. International Paper Co.
  5. Sappi Ltd
  6. Nippon Paper Industries
  7. Oji Paper Company
  8. Stora Enso
  9. West coast Paper Mills
  10. Orient Paper & Industries Limited (OPIL)
  11. JK Paper Co.
  12. Gulf Paper Manufacturing Company
  13. Hitachi Ltd
  14. Koch Industries
  15. Mercer International Inc.
  16. Metropolic Paper Industries Llc
  17. Nine Dragons Paper Holdings
  18. Metsä Board
  19. Nath Industries Ltd
  20. Emami Paper Mills


Frequently Asked Questions

The growing use of packaging products for use mainly in the food & beverage, pharmaceutical and personal care & cosmetic end-use industry is boosting the wood pulp market growth.

1.    Wood Pulp Market: Research Methodology 
2.    Wood Pulp Market: Executive Summary
3.    Wood Pulp Market: Competitive Landscape
4.    Potential Areas for Investment

4.1. Stellar Competition Matrix
4.2. Competitive Landscape
4.3. Key Players Benchmarking
4.4. Market Structure
4.4.1.    Market Leaders 
4.4.2.    Market Followers
4.4.3.    Emerging Players

4.5. Consolidation of the Market
4.6. Global Import-Export Analysis
5.    Wood Pulp Market: Dynamics
5.1. Market Trends by Region
5.1.1.    North America
5.1.2.    Europe
5.1.3.    Asia Pacific
5.1.4.    Middle East and Africa
5.1.5.    South America

5.2. Market Drivers by Region
5.2.1.    North America
5.2.2.    Europe
5.2.3.    Asia Pacific
5.2.4.    Middle East and Africa
5.2.5.    South America

5.3. Market Restraints
5.4. Market Opportunities
5.5. Market Challenges
5.6. PORTER’s Five Forces Analysis
5.7. PESTLE Analysis
5.8. Strategies for New Entrants to Penetrate the Market
5.9. Regulatory Landscape by Region
5.9.1.    North America
5.9.2.    Europe
5.9.3.    Asia Pacific
5.9.4.    Middle East and Africa
5.9.5.    South America

6.    Wood Pulp Market Size and Forecast by Segments (by Value Units)
6.1. Wood Pulp Market Size and Forecast, by Grade (2023-2030)
6.1.1.    Mechanical
6.1.2.    Chemical
6.1.3.    Semi-Chemical
6.1.4.    Others

6.2.  Wood Pulp Market Size and Forecast, by Application (2023-2030)
6.2.1.    Printing & writing Paper
6.2.2.    Tissue Paper
6.2.3.    Speciality Paper
6.2.4.    Packaging Material 
6.2.5.    Others 

6.3. Wood Pulp Market Size and Forecast, by Region (2023-2030)
6.3.1.    North America
6.3.2.    Europe
6.3.3.    Asia Pacific
6.3.4.    Middle East and Africa
6.3.5.    South America

7.    North America Wood Pulp Market Size and Forecast (by Value Units)
7.1. North America Wood Pulp Market Size and Forecast, by Grade (2023-2030)
7.1.1.    Mechanical
7.1.2.    Chemical
7.1.3.    Semi-Chemical
7.1.4.    Others

7.2.  North America Wood Pulp Market Size and Forecast, by Application (2023-2030)
7.2.1.    Printing & Writing Paper
7.2.2.    Tissue Paper
7.2.3.    Speciality Paper
7.2.4.    Packaging Material
7.2.5.    Others 

7.3. North America Wood Pulp Market Size and Forecast, by Country (2023-2030)
7.3.1.    United States
7.3.2.    Canada
7.3.3.    Mexico

8.    Europe Wood Pulp Market Size and Forecast (by Value Units)
8.1. Europe Wood Pulp Market Size and Forecast, by Grade (2023-2030)
8.1.1.    Mechanical
8.1.2.    Chemical
8.1.3.    Semi-Chemical
8.1.4.    Others

8.2.  Europe Wood Pulp Market Size and Forecast, by Application (2023-2030)
8.2.1.    Printing & writing Paper
8.2.2.    Tissue Paper
8.2.3.    Speciality Paper
8.2.4.    Packaging Material
8.2.5.    Others 

8.3. Europe Wood Pulp Market Size and Forecast, by Country (2023-2030)
8.3.1.    UK
8.3.2.    France
8.3.3.    Germany
8.3.4.    Italy
8.3.5.    Spain
8.3.6.    Sweden
8.3.7.    Austria
8.3.8.    Rest of Europe

9.    Asia Pacific Wood Pulp Market Size and Forecast (by Value Units)
9.1. Asia Pacific Wood Pulp Market Size and Forecast, by Grade (2023-2030)
9.1.1.    Mechanical
9.1.2.    Chemical
9.1.3.    Semi-Chemical
9.1.4.    Others

9.2.  Asia Pacific Wood Pulp Market Size and Forecast, by Application (2023-2030)
9.2.1.    Printing & writing Paper
9.2.2.    Tissue Paper
9.2.3.    Speciality Paper
9.2.4.    Packaging Material
9.2.5.    Others 

9.3. Asia Pacific Wood Pulp Market Size and Forecast, by Country (2023-2030)
9.3.1.    China
9.3.2.    S Korea
9.3.3.    Japan
9.3.4.    India
9.3.5.    Australia
9.3.6.    Indonesia 
9.3.7.    Malaysia
9.3.8.    Vietnam
9.3.9.    Taiwan
9.3.10.    Bangladesh 
9.3.11.    Pakistan
9.3.12.    Rest of Asia Pacific

10.    Middle East and Africa Wood Pulp Market Size and Forecast (by Value Units)
10.1. Middle East and Africa Wood Pulp Market Size and Forecast, by Grade (2023-2030)
10.1.1.    Mechanical
10.1.2.    Chemical
10.1.3.    Semi-Chemical
10.1.4.    Others

10.2.  Middle East and Africa Wood Pulp Market Size and Forecast, by Application (2023-2030)
10.2.1.    Printing & writing Paper
10.2.2.    Tissue Paper
10.2.3.    Speciality Paper
10.2.4.    Packaging Material
10.2.5.    Others 

10.3. Middle East and Africa Single-Use Filtration Assembly Market Size and Forecast, by Country (2023-2030)
10.3.1.    South Africa
10.3.2.    GCC
10.3.3.    Egypt
10.3.4.    Nigeria
10.3.5.    Rest of ME&A

11.    South America Wood Pulp Market Size and Forecast (by Value Units)
11.1. South America Wood Pulp Market Size and Forecast, by Grade (2023-2030)
11.1.1.    Mechanical
11.1.2.    Chemical
11.1.3.    Semi-Chemical
11.1.4.    Others

11.2.  South America Wood Pulp Market Size and Forecast, by Application (2023-2030)
11.2.1.    Printing & writing Paper
11.2.2.    Tissue Paper
11.2.3.    Speciality Paper
11.2.4.    Packaging Material
11.2.5.    Others 

11.3. South America Wood Pulp Market Size and Forecast, by Country (2023-2030)
11.3.1.    Brazil
11.3.2.    Argentina
11.3.3.    Rest of South America

12.    Company Profile: Key players
12.1. Arctic Paper
12.1.1.    Company Overview
12.1.2.    Financial Overview
12.1.3.    Business Portfolio
12.1.4.    SWOT Analysis
12.1.5.    Business Strategy 
12.1.6.    Recent Developments

12.2. Billerud
12.3. Canny tissue paper industry llc
12.4. International Paper Co.
12.5. Sappi Ltd
12.6. Nippon Paper Industries
12.7. Oji Paper Company
12.8. Stora Enso
12.9. West coast Paper Mills
12.10. Orient Paper & Industries Limited (OPIL)
12.11. JK Paper Co.
12.12. Gulf Paper Manufacturing Company
12.13. Hitachi Ltd
12.14. Koch Industries
12.15. Mercer International Inc.
12.16. Metropolic Paper Industries Llc
12.17. Nine Dragons Paper Holdings
12.18. Metsä Board
12.19. Nath Industries Ltd
12.20. Emami Paper Mills
13.    Key Findings
14.    Industry Recommendations

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