WOOD PULP MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)


Wood Pulp Market Analysis:

The Wood Pulp Market is projected to grow from USD 182.70 billion in 2023 to USD 219.20 billion by 2028, at a CAGR of 3.71% during the forecast period (2023–2028).

The market drivers include the 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. However, the market is restrained by stringent environmental regulations with respect to deforestation and increasing energy and transportation costs.

The United States is the largest producer of wood pulp globally, followed by Brazil, China, and Sweden. According to ITC Trade data, the total import of wood pulp in 2021 was estimated to be 3.98 million metric tons, with China, India, Egypt, and Korea being the major importers. China alone imported more than 40% of the total import quantity, which was estimated at 1.61 million metric tons.

The main grades of pulp are chemical pulp, mechanical and semi-chemical pulp, and other pulp. According to FAO data, in 2020, 78% of the pulp produced was of chemical pulp grade and 16% was of mechanical and semi-chemical grade out of the 188 million metric tons of production volume recorded in the same year.

The paper industry is one of the major consumers of wood pulp. In 2020, according to data from FAOstat, the leading pulp producers are the United States with 49.9 million metric tons, Brazil with 21 million metric tons, and China with 18.3 million metric tons. Other major producers include Canada, Sweden, Finland, and others.

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