Wood Pulp Market Size is Estimated To Grow at a (CAGR) of 3.2% by 2028 | Price Analysis and Forecast Report

Wood Pulp Market Price Analysis

Wood Pulp Market Price Analysis

The latest report published by IMARC Group, titled “Wood Pulp Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The global wood pulp market is expected to exhibit a growth rate (CAGR) of 3.2% during 2023-2028.

What is Wood Pulp?

Wood pulp represents a fiber-rich substance derived when the wood is fragmented into its basic fibers via either chemical or physical processes. In the chemical procedure, wood fragments are boiled in numerous chemical solutions, sifted to eliminate any uncooked pieces, and then the pulp is subjected to bleaching (if necessary) to enhance its purity, luminosity, and whiteness. Conversely, in the mechanical process, strips of peeled pulpwood are pulverized by large, spinning grinding wheels, resulting in what is termed groundwood pulp. Presently, this fibrous material finds wide applications in the production of paper, paperboard, and other wood-related items across the globe.

Year Considered to Estimate the Market Size:

• Base Year of the Analysis: 2022
• Historical Period: 2017-2022
• Forecast Period: 2023-2028

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What are the growth prospects and trends in the Wood Pulp Industry:

The escalating demand for the product in sectors, such as automotive, pharmaceuticals, packaging, and food and beverage (F&B), is primarily driving the wood pulp market. Furthermore, the widespread adoption of this fibrous material in manufacturing items, including napkins, handkerchiefs, diapers, toilet paper rolls, baby wipes, and other personal hygiene products, is also augmenting the market growth. Apart from this, the rising usage of wood pulp in car filters, liquid crystal display (LCD) screens, footwear, purses, fresh food packaging, paper bags and cups, labels and stickers, envelopes, fabrics and clothing, newspapers, binding materials, and carton packaging for both solid and liquid goods is positively influencing the global market. Moreover, the increasing utilization of rayon, a wood pulp derivative, is used in the production of bath towels, on account of its high absorption and softness, is further bolstering the market growth. Besides this, the elevating demand for tissue paper products, owing to the growing public awareness about personal hygiene, is expected to drive the wood pulp market in the coming years.

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Who are the key players operating in the industry?

• APRIL Group (RGE Pte Ltd)
• Canfor Corporation
• Metsä Group
• Nippon Paper Industries Co. Ltd
• Oji Holdings Corporation
• Sappi Limited
• Södra, Sonoco Products Company
• Stora Enso Oyj
• Suzano Papel e Celulose
• UPM-Kymmene Oyj
• WestRock Company.

What is included in market segmentation?

The report has segmented the global wood pulp market based on type, grade, end use industry and region.

Breakup by Type:
• Hardwood
• Softwood

Breakup by Grade:
• Mechanical
• Chemical
• Semi-Chemical
• Others

Breakup by End Use Industry:
• Packaging
o Food and Beverages
o Pharmaceutical
o Personal Care and Cosmetics
o Automotive
o Others
• Paper
o Newspaper
o Books and Magazines
o Tissues
o Others
• Others

Breakup by Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

Key Highlights of the Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape