The global hardwood pulp market is expanding noticeably with an estimated valuation of USD 54.1 billion in 2024. Analysis of the wood pulp industry trends suggests the demand for wood pulp to grow at a CAGR of 1.7% during the forecast period. By following this sluggish CAGR the global hardwood pulp industry can reach a size worth around USD 63.9 billion by 2034.
Emerging Trends in the Hardwood Pulp Market & its Analysis
| Report Attribute | Details |
|---|---|
| Global Hardwood Pulp Market Size (2024) | USD 54.1 billion |
| Market Anticipated Forecast Value (2034) | USD 63.9 billion |
| Market Projected Growth Rate (2024 to 2034) | 1.7% CAGR |
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The global hardwood pulp industry was valued at USD 49.4 billion in 2019. The net revenue generated out of sales of wood pulp globally increased at a rate of 1.3% per year between 2019 and 2023. The overall market value was about USD 52.7 billion by 2023.
Increasing preference for hygiene papers such as tissue papers, diapers, and sanitary napkins, resulted in potentially higher demand for wood pulp during this period. The sales also boosted during the post-pandemic era against the backdrop of increasing small-scale paper industries with the adoption of online purchasing and the growth of e-commerce platforms.
| Attributes | Details |
|---|---|
| Global Hardwood Pulp Market Value (2019) | USD 49.4 billion |
| Market Revenue (2023) | USD 52.7 billion |
| Market Historical Growth Rate (CAGR 2019 to 2023) | 1.3% CAGR |
International efforts and initiatives to fight climate change and cut back on plastic use regulations have started a behavioral change among consumers worldwide. Moreover, national regulations restricting the use of single-use plastics are being implemented which could further create a sizable demand for pulpwood market products.
The food service sector, which includes takeaway cafés and restaurants, is growing rapidly across the globe these days. As these food service establishments are prioritizing sustainable or biodegradable packaging solutions, the expansion of the timber pulp market remains promising.
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The table below lists some lucrative countries as per the overview of the hardwood paper pulp market.
| Regional Market Comparison | CAGR (2024 to 2034) |
|---|---|
| United States | 2.1% |
| Germany | 1.9% |
| United Kingdom | 3.8% |
| China | 5.7% |
| India | 6.4% |
Growing export demand in Latin American countries to retain the growth of the United States hardwood pulp market at 2.1% CAGR through 2034.
Due to the environment-friendly packaging trend, the sales of wood pulp have strengthened in the United States, Canada as well as many Latin American countries. It is witnessed that the United States is the key supplier of wood pulp in this region. The United States became the leading wood pulp supplier by the year 2020 recording 186.4 MMT of total production capacity.
Emerging hardwood processing industries in Asia have reduced the German market's annual growth to 1.9% predicted for 2024 to 2034.
Due to more impact of digitalization in industrialized European countries, a sluggish growth in sales of wood pulp is observed in Germany. Significant growth in GCC countries and Turkey is expected to further drop the demand for wood pulp during from the Eastern European countries. The regional market share is expected to grow further on the backdrop of rising textile applications of wood pulp in France, and the United Kingdom market.
Higher demand for hygienic products suggests a remarkable growth of the United Kingdom hardwood fiber market till 2034 possibly at a CAGR of 3.8%.
With the growing market of graphical papers, lucrative opportunities for wood pulp producers are expected in the United Kingdom. Growing health concerns resulting in higher use of tissue paper, and pulp for hygienic products is also another key reason that boosts the demand for wood pulp in the country.
The hardwood pulp industry of China is witnessing a significant rise that may continue at a rate of 5.7% per year till 2034.
A sizable export and sales of wood pulp are observed in China in order to satisfy global demand for wood pulp. Gradation in technologies and rapid industrialization in Southeast Asian countries are creating new opportunities for regional market share. Changing regulations and a ban on plastic or non-recyclable materials have created lucrative opportunities for the regional market players as well.
The use of hardwood pulp in several end use industries of India is poised to increase at 6.4% CAGR through 2034.
The sales of wood pulp are expected to remain high due to the packaging industry's growing participation in product delivery and shipping, supporting the rapid expansion of e-commerce. Moreover, products based on wood pulp, such as disposable cups, plates, and utensils, are being widely utilized in the vast food service sector of the country.
Based on product type, bleached hardwood pulp is preferred more and could account for 69.4% of the overall market share in 2024.
| Attributes | Details |
|---|---|
| Top Product Type or Segment | Bleached |
| Total Market Share in 2024 to 2034 | 69.4% |
Lucrative opportunities are observed for the bleached market segment as it has more initial brightness due to high cellulose, extractives, and less lignin than softwood. However, the cost-effectiveness of unbleached hardwood products is observed to have increased the market share of the other segments in the recent past.
Based on application, the use of hardwood pulp for making tissue paper is likely to contribute to 79.7% of the revenue generated in 2024.
| Attributes | Details |
|---|---|
| Top Application Type or Segment | Tissue Paper |
| Total Market Share in 2024 | 79.7% |
The demand for wood pulp is higher among tissue paper manufacturers owing to its excellent cleanliness quality and strong absorptivity. Also, as the tissue paper made from short fiber pulps is easy to recycle the sales of wood pulp have increased significantly in this industrial sector.
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The overall market is highly competitive as several wood fiber pulp market players are currently operating in the industry landscape. Leading market players are adopting the latest pulp processing technologies to fulfill increasing demand while lowering production costs and environmental impact. Meanwhile, new market entrants are using biorefinery ideas to convert non-fibrous wood residues into biofuels or bioproducts to maximize resource usage as well as revenue.
Recent Developments in the Global Hardwood Pulp Market
| Attribute | Details |
|---|---|
| Estimated Market Size (2024) | USD 54.1 billion |
| Projected Market Size (2034) | USD 63.9 billion |
| Anticipated Growth Rate (2024 to 2034) | 1.7% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | USD million or billion for Value and Units for Volume |
| Key Regions Covered | North America; Latin America; Europe; Middle East & Africa (MEA); East Asia; South Asia and Oceania |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia & New Zealand, GCC Countries, and South Africa |
| Key Segments Covered | By Product Type, By Application, By Grade, By Pulping Process, By Bleaching, and By Region |
| Key Companies Profiled |
Central paper Finland; Rayonier Advanced Materials; Nippon Paper Group; UPM Pulp; Domtar Inc.; Stora Enso Oyj; Irving Pulp & Paper Ltd.; Cenibra - Celulose Nipo-Brasileira; CMPC CELULOSA S.A.; Ilim Pulp Group; Resolute Forest Products |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The global market is estimated to be around USD 54.1 billion in 2024.
The global market is to grow at 1.7% during the forecast period.
The global market is predicted to be valued at USD 63.9 billion by 2034.
The global market was valued at USD 49.4 billion in 2019.
Bleached hardwood to account for nearly 69.4% revenue share of the global pulp market.
India is predicted to witness a CAGR of 6.4% in sales of hardwood pulps through 2034.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Pulping Process 5.1. Mechanical 5.2. Chemical 5.3. Sulphate 5.4. Sulphite 5.5. Semi-Chemical 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Bleaching 6.1. Chlorine Bleaching 6.2. Totally Chlorine Free 6.3. Elemental Chlorine Free 6.4. Oxygen or Ozone Bleached 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application 7.1. Packaging Paper 7.2. Carton Board 7.3. Corrugated Board 7.4. Flexible Paper 7.5. Tissue Paper 7.6. Graphic Paper 7.7. Newsprint Paper 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Rayonier Advanced Materials 18.2. Nippon Paper Group 18.3. UPM Pulp 18.4. Domtar Inc. 18.5. Stora Enso Oyj 18.6. Irving Pulp & Paper Ltd. 18.7. Cenibra - Celulose Nipo-Brasileira 18.8. CMPC CELULOSA S.A. 18.9. Ilim Pulp Group 18.10. Resolute Forest Products 19. Assumptions & Acronyms Used 20. Research Methodology
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Hardwood Pulp Market
