Wood Pulp Market Size

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 with respect to deforestation and increasing energy and transportation costs.
• The United States is the major producer of wood pulp in the world, and Brazil, China, and Sweden are other major pulp producers. According to ITC Trade data, in 2021, the total import of wood pulp was estimated to be 3.98 million metric tons. The major importers of wood pulp are China, India, Egypt, and Korea. In 2021, China 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, etc.