Wood Pulp Market Business Dimension Surge Prospects and Deve...| MENAFN.COM

Thursday, 20 January 2022 04:26 GMT

Wood Pulp Market Business Dimension Surge Prospects and Development Evaluation up to 2030


(MENAFN- iCrowdNewsWire)

The global wood pulp market generated $165.3 billion in 2020, and is estimated to generate $242.1 billion by 2030, witnessing a CAGR of 3.9% from 2021 to 2030. The report provides an extensive analysis of changing market dynamics, value chain, top segments, regional scenarios, key investment pockets, and competitive landscape.

Increase in demand from the paper industry and surge in consumer demand for tissue paper products drive the growth of the global wood pulp market. However, stringent regulations by the government hinder the market growth. On the other hand, sustainable and innovative technology solutions present new opportunities in the coming years.

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Covid-19 Scenario:

  • Supply chain disruptions occurred due to the lockdown measures taken place in various countries. Moreover, the import-export activities of the raw materials hampered the manufacturing processes.
  • The demand for wood pulp from various end-use industries such as packaging and paper products decreased significantly due to lockdown. Daily operations in these industries were restricted.
  • However, the demand is expected to increase during the post-lockdown as restrictions are lifted off and day-to-day operations begin in the end-use industries.

The report offers detailed segmentation of the global wood pulp market based on type, end-use industry, and region.

Based on type, the hardwood segment contributed to the highest share in 2020, holding more than three-fifths of the total share, and is expected to continue its leadership status throughout the forecast period. Moreover, this segment is estimated to portray the highest CAGR of 4.6% from 2021 to 2030. The research also analyzes the softwood segment.

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Based on end-use industry, the packaging segment held the highest market share in 2020, contributing to more than half of the global wood pulp market, and is estimated to continue its lead position during the forecast period. However, the papers segment is projected to register the highest CAGR of 4.4% from 2021 to 2030.

Based on region, Asia-Pacific accounted for the highest share in 2020, contributing to more than two-fifths of the total share, and is expected to maintain its dominant share in terms of revenue by 2030. Moreover, this segment is expected to witness the largest CAGR of 4.7% during the forecast period. The research also analyzes regions including North America, Europe, and LAMEA.

Leading players of the global wood pulp market analyzed in the research include International Paper, Nippon Paper, Metsä Group, Sappi, Oji Holdings Corporation, Stora Enso, Sonoco Products, UPM-Kymmene Corporation, Svenska Cellulosa Aktiebolaget, and WestRock.

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About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of“Market Research Reports” and“Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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