Wood Pulp Market Size (2024 - 2029)

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 concerning deforestation and increasing energy and transportation costs.
• The United States is the world's major producer of wood pulp, and Brazil, China, and Sweden are other major pulp producers. According to ITC Trade data, in 2023, the total import of wood pulp was about 3.3 million metric tons. China, India, Egypt, and Korea are major importers of wood pulp. In 2023, China imported more than 41% of the total import quantity, which was 1.3 million metric tons.
• The main grades of pulp are chemical pulp, mechanical and semi-chemical pulp, and other pulp. According to FAO data, in 2022, 84.5% of chemical pulp grade and 15.5% of mechanical and semi-chemical grade were produced out of the 186 million metric tons of production volume recorded in the same year.
• The paper industry is one of the major consumers of wood pulp. In 2022, according to data from FAOstat, the leading pulp producers were the United States with 46.5 million metric tons, Brazil with 24.9 million metric tons, and China with 21 million metric tons. Other major producers included Canada, Sweden, and Finland.

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) and volume (metric tons).