Wood Pulp Market to Garner $242.1 Billion, Globally, By 2030 at 3.9% CAGR, Says Allied Market Research

PORTLAND, Ore., Jan. 26, 2022 /PRNewswire/ — Allied Market Research recently published a report, titled, “Wood Pulp Market by Type (Hardwood and Softwood) and End-use Industry (Packaging [food & beverage, pharmaceuticals, personal care & cosmetics, automotive]Paper [newspaper, books & magazines, tissues]and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030. As per the report, the global wood pulp industry was pegged at $165.3 billion in 2020, and is estimated to reach $242.1 billion by 3.9% from 2020 to 2030.

Drivers, restraints, and opportunities

Rise in need from the paper industry and increase in consumer demand for tissue papers have boosted the growth of the global wood pulp market. However, strict regulations by the government hammered the market growth. On the contrary, innovative and sustainable technology solutions that unlock lucrative opportunities in the future.

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Covid-19 scenario:

  • Disruption of the supply chain due to prolonged lockdown measures taken across various countries hammered the market during the pandemic. In addition, the import-export activities of the raw materials were disrupted which negatively affected the manufacturing processes.
  • The need for wood pulp from various end-use industries including packaging and paper products reduced drastically during the pandemic.
  • On the contrary, the need for wood pulp is projected to rise post-pandemic as restrictions are lifted and day-to-day operations will get back to normal in the end-use industries.

The hardwood segment to showcase the highest CAGR through 2030

On the basis of type, the hardwood segment is projected to register the highest CAGR of 4.6% during the pandemic. In addition, the segment dominated the market in terms of revenue, accounting for more than three-fifths of the global wood pulp market, due to rise in popularity of wood pulp for use in packaging products. The report includes an analysis of the softwood segment too.

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The papers segment to register the highest CAGR through 2030

On the basis of the end-use industry, the papers segment is estimated to showcase the highest CAGR of 4.4% during the forecast period. However, the packaging segment held the largest share in 2020, accounting for more than half of the global wood pulp market, owing to rise in demand from pharmaceutical and food & beverage industries in India, Chinaand Japan.

Asia-Pacificfollowed by North Americaheld the largest share

On the basis of geography, the market across Asia-Pacific accounted for the largest share in 2020, holding more than two-fifths of the global wood pulp market. In addition, the region is anticipated to register the highest CAGR of 4.7% from 2021 to 2030, due to a rise in demand for packaging products from the pharmaceutical and food & beverage industries.

Major Market Players

  • International Paper
  • Nippon Paper
  • Metsä Group
  • Sappi
  • Oji Holdings Corporation
  • Stora Enso
  • Sonoco Products
  • UPM-Kymmene Corporation
  • Svenska Cellulosa Aktiebolaget
  • WestRock

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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