Wood Pulp Market Size, Demand, Trends & Forecast to 2034
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Wood Pulp Market
Wood Pulp Market Analysis by Hardwood Pulp and Softwood Pulp Through 2034
Discover How Growing Tissue Paper Usage and Rising Demand for Eco-Friendly Textiles is pushing the Demand for Wood Pulp
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Wood Pulp Market Outlook from 2024 to 2034
The wood pulp market size is estimated to be worth USD 80.2 billion in 2024 and is anticipated to reach a value of USD 101.0 billion by 2034. Sales are projected to rise at a CAGR of 2.4% over the forecast period between 2024 and 2034. The revenue generated by wood pulp in 2023 was USD 78.9 billion.
Wood pulp is being used in large quantities in the food industry for making wide ranges of packaging products, thus capturing more than 44% market share within the end-use segment over the forecast period. This is because it plays an essential role in sustainable packaging, which suits the increasing eco-friendly trends. Biodegradable materials, like paperboard and molded packaging, made from wood pulp provide safety for food products and decrease plastic waste.
Wood Pulp Industry Forecast
Attributes
Key Insights
Historical Size, 2023
USD 78.9 billion
Estimated Size, 2024
USD 80.2 billion
Projected Size, 2034
USD 101.0 billion
Value-based CAGR (2024 to 2034)
2.4%
Softwood pulp is likely to lead the wood pulp market due to its longer fibres, which have higher strength and durability properties, thus suitable for high-grade paper products such as packaging, printing, and tissue paper. Furthermore, its adaptability for mass production and superior performance in mechanical pulping processes increase its preference in the market.
The wood pulp market is likely to witness profitable growth in the forecast period. It will be able to create an incremental opportunity of USD 22.1 billion and rise 1.2 times its current value by 2034.
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Key Industry Highlights
Growing Tissue Paper Usage Fuels Global Wood Pulp Market Expansion
The rising consumption of tissue paper products is highly contributing to the growth of the global wood pulp market. Tissue papers, which include toilet paper, facial tissues, and paper towels, are essential in residential as well as commercial spaces with the demand increasing continuously. In Europe, in the year 2023, sanitary and household papers amounted to 10.3% of total paper and board production- according to CEPI.
Furthermore, tissue products are always in great demand because they are consumed daily, also people all over the world are becoming more hygiene-oriented. Increased urbanization and population development, especially in developing regions, have contributed significantly to adopting tissue products.
This leads to an increase in wood pulp as the pulp is basically an essential raw material for manufacturing tissue items, consequently pushing the demand for wood pulp across various regions.
Rising Demand for Eco-Friendly Textiles Boosts Wood Pulp Market
Growing demand for fiber-based textiles such as lyocell and modal, derived from wood pulp, forms the major driving force for the global wood pulp market. Softness, breathability, and sustainability make these fabrics a popular choice over synthetic fibers like polyester. Biodegradable nature and reduced environmental footprint in production are also aligning with the growing preference of consumers for sustainable fashion and home textiles.
Both regulatory pressure and brand strategies to become more eco-friendly are driving industries to increasingly incorporate these fibers into clothing, bedding, and upholstery. Innovation in pulp processing, which improves fiber quality and scalability, makes wood pulp a critical resource in transforming the textile industry.
Growing Competition from Alternatives May Restrict Wood Pulp Market Expansion
Increasing competition by recycled and alternative fibers has grown with the emergence of sustainability concerns that the world wood pulp market faces. The recycled paper pulp, which has been advanced through recycling technologies today, quite competes both in quality and in cost; thereby reducing dependency on virgin pulp, which also aligns with circular economy objectives. Such trends are presently shifting markets from traditional wood pulp as a source due to demand and regulatory trends.
Among non-wood alternative fibers, bamboo, hemp, and bagasse offer rapid harvest cycles characterized by low environmental footprints, thus providing viable alternatives to healthy substitutes and addressing deforestation issues of eco-sensitive industries. The rising popularity of these sustainable alternatives can limit the growth of the wood pulp market and will require innovative measures and
