The Wood Pulp Market report segments the industry into Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa). Get five years of historical data as well as forecasts for the next five years.

Kraft Pulp fell to 5,230 CNY/T on August 1, 2025, down 0.19% from the previous day. Over the past month, Kraft Pulp's price has risen 4.06%, but it is still 9.01% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Kraft Pulp.

Suzano had a market pulp production capacity of **** million tons as of 2024. Brazil-based Suzano is the largest pulp and paper company in Latin America.

The hardwood pulp market is projected to be expanded from USD 54.8 billion in 2025 to USD 62.4 billion by 2035, advancing at a CAGR of 1.7% over the forecast period.

Metric	Value
Industry Size (2025E)	USD 54.8 billion
Industry Value (2035F)	USD 62.4 billion
CAGR (2025 to 2035)	1.7%

Semi Annual Market Update

Particular	Value CAGR
H1	1.9% (2024 to 2034)
H2	1.5% (2024 to 2034)
H1	1.0% (2025 to 2035)
H2	2.4% (2025 to 2035)

Country-wise Insights

Country	Value CAGR (2025 to 2035)
USA	0.6%
Germany	0.2%
China	2.6%
UK	0.1%
Spain	1.3%
India	2.8%
Canada	0.4%

The global pulp and paper market was valued at ****** billion U.S. dollars in 2021, and was expected to increase in value in 2022. The market is projected to register a compound annual growth rate (CAGR) of **** percent from 2022 to 2029 to reach a value of roughly *** billion U.S. dollars. Growth in paper packaging demand The increasing demand for e-commerce and growing concerns about plastic packaging pollution is set to drive paper packaging consumption in the coming years. The global demand for containerboard, which is the most consumed paper type worldwide, is projected to grow ** percent from 2021 through 2032 to reach *** million tons. Containerboard, also known as corrugated case material, is used in the production of corrugated boards. Pulp consumption for paper production The amount of recycled paper pulp consumed for paper production totaled *** million tons in 2021. That same year, some *** million tons of pulp for paper production came from virgin wood species such as eucalyptus trees. Of this total, ** percent was market pulp made up mostly of Bleached Chemical Pulp (BCP).

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Pulp Market Size 2025-2029

The pulp market size is forecast to increase by USD 43.2 billion, at a CAGR of 3.8% between 2024 and 2029. The market is driven by the increasing consumption of chemical wood pulp due to its widespread usage in various industries, including the paper and textiles industries.

Major Market Trends & Insights

North America dominated the market and contributed 32% to the growth during the forecast period.
The market is expected to grow significantly in APAC region as well over the forecast period.
Based on the Application, the printing and writing paper segment led the market and was valued at USD 65.30 billion of the global revenue in 2023.
Based on the Grade type, the chemical pulp segment accounted for the largest market revenue share in 2023.

Market Size & Forecast

Market Opportunities: USD 34.76 Billion
Future Opportunities: USD 41.21 Billion
CAGR (2024-2029): 3.8%
North America: Largest market in 2023

A notable trend in the market is the rising use of fluff pulp, which offers enhanced absorbency and improved product quality in hygiene applications. However, high production costs pose a significant challenge to market participants. Producers must navigate these costs, which include raw materials, energy, and labor, to maintain profitability and competitiveness. To capitalize on opportunities, companies should focus on optimizing production processes, exploring alternative raw materials, and expanding their product offerings to cater to diverse industry demands. Effective cost management and innovation will be essential for market success in the face of production challenges.

What will be the Size of the Pulp Market during the forecast period?

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The market continues to evolve, driven by advancements in technology and the ever-changing demands of various sectors. The Kraft pulping process, a popular method for producing pulp from wood chips, has seen significant improvements in lignin content reduction, enhancing fiber strength properties and energy efficiency. Sulfite pulping process, another significant process, is undergoing automation, leading to increased paper machine speed and process control optimization. Wood chip handling and pulp stock preparation have become increasingly crucial, with a focus on wastewater treatment and black liquor recovery. The chemical pulping process, a key contributor to the industry, is experiencing a shift towards chlorine dioxide bleaching and hydrogen peroxide bleaching, reducing bleaching chemical usage and improving paper quality.

Fiber length measurement and pulp drying systems are essential components of the sheet formation process, ensuring paper strength testing, pulp density control, and pulp consistency. Pulp yield optimization and pulp consistency control are critical quality control parameters, with pulp viscosity measurement playing a vital role in the overall process. One notable example of market dynamism is the implementation of oxygen delignification in the pulp refining process, resulting in a 15% increase in pulp yield. The industry anticipates a 3% annual growth rate in the coming years, reflecting the continuous unfolding of market activities and evolving patterns.

How is this Pulp Industry segmented?

The pulp industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Printing and writing paper
  Tissue paper
  Specialty paper
  Packaging paper
  Others


Grade Type

  Chemical pulp
  Mechanical and semi-chemical pulp
  Non-wood pulp


End-User

  Paper & Board
  Packaging
  Textiles
  Personal Care


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By Application Insights

The printing and writing paper segment is estimated to witness significant growth during the forecast period. The segment was valued at USD 65.30 billion in 2023. It continued to the largest segment at a CAGR of 3.06%.

In the market, various processes such as kraft pulping and sulfite pulping are utilized to produce pulp from wood chips. Kraft pulping reduces lignin content, enhancing fiber strength properties and energy efficiency. Sulfite pulping, on the other hand, yields pulp with superior brightness and shorter fiber length. Process automation systems play a crucial role in optimizing production, with the mechanical pulping process enabling higher paper machine s

With the packaging industry experiencing an all-time peak, the market value of unbleached hardwood Kraft pulp has surpassed US$ 1.3 billion in 2024. The industry-wide push toward sustainable packaging solutions has led the market to grow at a CAGR of 2.70% through 2034. The market is slated to reach an overall valuation of US$ 1.7 billion by 2034.

Attributes	Details
Unbleached Hardwood Kraft Pulp Market Value in 2024	US$ 1.3 billion
Projected Market Value by 2034	US$ 1.7 billion
Value-based CAGR from 2024 to 2034	2.70%

Category-wise Outlook

Attributes	Details
Top Pulp Origin	Northern
Market Share (2024)	65.90%

Attributes	Details
Top Grade	Chemical Pulp
Market Share (2024)	71.60%

Country-wise Analysis

Countries	CAGR (2024 to 2034)
India	5.60%
China	4.30%
Thailand	3.90%
Spain	2.50%
South Korea	1.90%

The North America pulp and paper market size was valued at $56.39 billion in 2023 & is projected to grow from $56.53 billion in 2024 to $57.32 billion by 2032

Tissue accounted for half of the total global market Bleached Hardwood Kraft Pulp (BHKP) demand in 2021. Printing and writing papers accounted for the second-largest share of BHKP demand in 2021, at just over 20 percent. In the paper industry, hardwood species, such as eucalyptus, are used for their softness, and are typically used for tissue paper. In contrast, softwood trees are used for their strength, so are often used in packaging papers.

The global demand for market pulp increased from around **** million metric tons in 2005 to approximately **** million metric tons in 2018. This figure is estimated to reach some ** million metric tons by 2023.

The total market value of the pulp and paper industry worldwide was nearly *** billion U.S. dollars in 2023. It is forecast that this market value will increase to roughly ***** billion U.S. dollars by 2031. Additional information on the global pulp and paper market can be found here.

Worldwide revenue from the sales of fluff pulp is evaluated at US$ 9.94 billion in 2024 and has been projected to increase at a CAGR of 6.4% to reach US$ 18.48 billion by the end of 2034.

Report Attribute	Detail
Fluff Pulp Market Size (2024E)	US$ 9.94 Billion
Forecasted Market Value (2034F)	US$ 18.48 Billion
Global Market Growth Rate (2024 to 2034)	6.4% CAGR
South Korea Market Value (2034F)	US$ 632.2 Million
Untreated Fluff Pulp Demand Growth Rate (2024 to 2034)	6.6% CAGR
Key Companies Profiled	Celulosa Arauco y Constitucion SA Daio Paper UPM Domtar International Paper Klabin SA FuJian XingYuan Industry Co., Ltd GP Cellulose OASN Ltd. Rayonier Advanced Materials Inc. WestRock Company. Resolute Forest Products Inc. Suzano SA Stora Enso

Country-wise Analysis

Attribute	United States
Market Value (2024E)	US$ 1.31 Billion
Growth Rate (2024 to 2034)	6.1% CAGR
Projected Value (2034F)	US$ 2.37 Billion

Attribute	South Korea
Market Value (2024E)	US$ 300.4 Million
Growth Rate (2024 to 2034)	7.7% CAGR
Projected Value (2034F)	US$ 632.2 Million

Category-wise Analysis

Attribute	Slash Pine
Segment Value (2024E)	US$ 6.89 Billion
Growth Rate (2024 to 2034)	6.4% CAGR
Projected Value (2034F)	US$ 12.79 Billion

Attribute	Treated
Segment Value (2024E)	US$ 7.69 Billion
Growth Rate (2024 to 2034)	6.3% CAGR
Projected Value (2034F)	US$ 14.21 Billion

The size of the Wood Pulp Market market was valued at USD 189.48 Million in 2023 and is projected to reach USD 244.52 Million by 2032, with an expected CAGR of 3.71% during the forecast period. The global Wood Pulp Market is a critical segment of the paper and packaging industries, valued for its versatility and renewability. Wood pulp, primarily derived from softwood and hardwood trees, is essential for producing various paper products, textiles, and bioplastics. Key types include chemical pulp, mechanical pulp, and dissolving pulp, each offering distinct characteristics. The market is driven by advancements in pulping technologies, including Kraft and sulfite processes, which enhance efficiency and reduce environmental impact. Applications span from printing and writing papers to hygiene products and specialty papers. The market’s growth is propelled by rising demand for sustainable and recyclable materials, making wood pulp a vital component in the global shift towards eco-friendly alternatives. Recent developments include: November 2022: Nippon Paper Industries has increased the price of its packaging paper by 15% or more for shipments starting December 1st, 2022, in Japan. The company stated that this decision was made after its efforts to cut costs were not productive due to the high volatility in the market., November 2022: The Canada-based Resolute's Ontario woodland has started using drones to plan and spread seeds this spring after mapping out the area. They aim to reduce their carbon footprint and also claim this technique could even lead to faster forest regeneration., September 2022: UPM''s Paso de Los Toros greenfield BHK mill in Uruguay, which was delayed from the original start date, is expected to start operation by the first quarter of 2023. The mill's capacity is said to be 2.1 million metric tons.. Key drivers for this market are: , Increasing Food Security Concerns; Inclination Toward a Healthy Lifestyle. Potential restraints include: , Unfavorable Climatic Conditions; Higher Market Entry Cost. Notable trends are: Rising Consumer Demand for Paper Products is Driving the Market.

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Bleached Eucalyptus Kraft Pulp Market Size 2025-2029

The bleached eucalyptus kraft pulp market size is forecast to increase by USD 2.95 billion, at a CAGR of 4.5% between 2024 and 2029.

The market is experiencing significant growth due to the increasing demand for personal care and hygiene products. Eucalyptus Kraft Pulp is a key raw material in the production of these products, making the market's expansion a positive sign for industry players. Moreover, the focus on sustainable forestry and plantation management practices is driving the market forward, as eucalyptus trees are known for their fast growth and high yield. However, the market faces challenges, including the rising instances of forest fires, which can significantly impact the availability and quality of raw materials. These fires can lead to production disruptions and increased costs for manufacturers.
Companies in the market must stay abreast of these challenges and implement robust risk management strategies to mitigate their impact. Additionally, investing in research and development to improve fire prevention and response measures can help ensure long-term sustainability and competitiveness in the market. Overall, the market's growth prospects are promising, with opportunities for innovation and expansion in the personal care and hygiene sector. Companies that can effectively navigate the challenges presented by forest fires and other risks will be well-positioned to capitalize on these opportunities and succeed in the market.

What will be the Size of the Bleached Eucalyptus Kraft Pulp Market during the forecast period?

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The market is characterized by its continuous evolution, with market dynamics unfolding in various sectors. The pulping process involves product testing and optimization, with oxygen delignification playing a crucial role in enhancing pulp quality. International standards, such as ISO and forest certification, are integral to ensuring sustainability and maintaining high-quality output. Pulp contracts and supply chain management are essential components of the market, with energy consumption a significant factor in pulp production. Bleaching stages are meticulously monitored to achieve desired paper properties, including tear resistance, burst strength, and folding endurance. Tissue paper manufacturing is a growing application, with recycled fiber content and paper recycling gaining prominence.

The pulp industry is committed to reducing its carbon footprint through efficient energy consumption and waste management. Laboratory analysis and effluent treatment are integral to maintaining pulp quality assurance and adhering to environmental regulations. Demand and supply dynamics influence market volatility, with global trade and pulp trading playing a crucial role in maintaining equilibrium. Sustainable forestry practices are increasingly important, as is the optimization of pulp mill operations for improved fiber yield and water consumption. Emerging trends include the integration of technology for process automation and the adoption of circular economy principles for a more sustainable pulp industry.

The market's continuous evolution underscores the importance of staying abreast of the latest developments and adapting to changing market conditions.

How is this Bleached Eucalyptus Kraft Pulp Industry segmented?

The bleached eucalyptus kraft pulp industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Tissue paper
  Printing and writing paper
  Others


Type

  Regular grade
  High quality grade


End-user

  Paper and pulp
  Packaging
  Textile
  Others


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

.

By Application Insights

The tissue paper segment is estimated to witness significant growth during the forecast period.

The global market for bleached eucalyptus kraft pulp experienced notable growth in the tissue paper segment in 2024. Eucalyptus-derived pulp is a crucial raw material for producing soft, high-quality tissue papers, including paper towels, hygienic tissues, wrapping tissues, wipes, facial tissues, and custom-printed wrapping tissues. Tissue papers are essential for maintaining personal and public hygiene, contributing to the reduction of communicable diseases. Factors such as urbanization, increasing disposable income, and consumer spending are driving the segment's growth during the forecast period. ISO standards, quality control, and in

Rising requirements for substituting polyethylene with paper bags, particularly in developed and potentially high-growth markets for creating a conducive environment, are driving softwood pulp usage, with global sales set to reach US$ 25.6 billion in 2024. The global softwood pulp market has been analyzed to advance at a CAGR of 7.2% and reach a value of US$ 51.4 billion by the end of 2034.

Report Attributes	Details
Softwood Pulp Market Size (2024E)	US$ 25.6 Billion
Forecasted Market Value (2034F)	US$ 51.4 Billion
Global Market Growth Rate (2024 to 2034)	7.2% CAGR
Market Share of Non-composite Softwood Pulp (2034F)	69.2%
Japan Market Growth Rate (2024 to 2034)	5.9% CAGR
East Asia Market Share (2034F)	24.6%
Key Companies Profiled	Mercer International Ahlstrom-Munksjo WestRock Company UPM Verso Klabin SA Tembec Inc. Arauco North America, Inc. Stora Enso Ovi BillerudKorsnäs AB Rottneros AB Canfor Corp. Port Townsend Paper Company Clearwater Paper Corp Domtar Corporation Nanaimo Forest Products Ltd. Ilim Group Oji Paper Co. Ltd.

Country-wise Insights

Attribute	United States
Market Value (2024E)	US$ 3.1 Billion
Growth Rate (2024 to 2034)	7.9% CAGR
Projected Value (2034F)	US$ 6.6 Billion

Attribute	China
Market Value (2024E)	US$ 3.7 Billion
Growth Rate (2024 to 2034)	6.8% CAGR
Projected Value (2034F)	US$ 7.2 Billion

Category-wise Insights

Attribute	Non-composites
Segment Value (2024E)	US$ 17.8 Billion
Growth Rate (2024 to 2034)	7.2% CAGR
Projected Value (2034F)	US$ 35.5 Billion

Attribute	Wet Wipes
Segment Value (2024E)	US$ 6.6 Billion
Growth Rate (2024 to 2034)	6.9% CAGR
Projected Value (2034F)	US$ 12.8 Billion

Wood Pulp Market Outlook

According to our latest research, the global wood pulp market size reached USD 200.7 billion in 2024, driven by robust demand across packaging, tissue, and specialty paper segments. The market is expanding at a CAGR of 4.2% from 2025 to 2033, and is projected to achieve a value of USD 289.6 billion by 2033. This growth is underpinned by increasing consumption of sustainable packaging materials, rising hygiene awareness, and the ongoing shift towards eco-friendly products in both emerging and developed economies.

The wood pulp market is experiencing significant growth due to the rising global emphasis on sustainability and environmental consciousness. As governments and corporations intensify efforts to reduce plastic usage, wood pulp-based products are being increasingly adopted as alternatives for packaging and single-use items. The surge in e-commerce and online retailing has further boosted the demand for corrugated packaging, which relies heavily on wood pulp. Additionally, the growing awareness among consumers regarding the environmental impact of their purchases is pushing manufacturers to innovate and offer eco-friendly solutions, reinforcing the wood pulp market’s upward trajectory.

Another key growth factor is the expanding urban population, particularly in emerging economies across Asia Pacific and Latin America. Urbanization leads to higher consumption of tissue products, printing and writing paper, and specialty papers for various end-use industries. The healthcare and hygiene sectors are also significant contributors, as they require high-quality pulp for tissue, sanitary products, and medical packaging. Technological advancements in pulping processes, such as the adoption of elemental chlorine-free (ECF) and totally chlorine-free (TCF) technologies, are improving product quality and operational efficiency, further propelling market growth.

The wood pulp market is also benefiting from innovations in recycling technologies, which are enabling the use of recycled wood pulp in a broader range of applications. The circular economy model is gaining traction, encouraging manufacturers to invest in sustainable sourcing and production practices. Government initiatives and regulations promoting afforestation, responsible forest management, and certification standards like FSC and PEFC are ensuring a steady supply of raw materials while maintaining ecological balance. These factors collectively contribute to a resilient and dynamic wood pulp market, poised for substantial growth over the forecast period.

From a regional perspective, Asia Pacific remains the dominant force in the wood pulp market, accounting for the largest share in 2024. This is attributed to the region’s massive consumer base, rapid industrialization, and significant investments in the paper and packaging sectors. North America and Europe follow, driven by established pulp and paper industries, stringent environmental regulations, and a mature recycling infrastructure. Meanwhile, Latin America and the Middle East & Africa are emerging as promising markets due to increasing investments in manufacturing facilities and growing demand for hygiene and packaging products. The interplay of these regional dynamics is shaping the competitive landscape and growth prospects of the global wood pulp market.

Product Type Analysis

The wood pulp market is segmented by product type into bleached wood pulp, unbleached wood pulp, and semi-bleached wood pulp, each catering to distinct end-use applications and industries. Bleached wood pulp holds the largest market share, primarily due to its widespread use in high-quality printing, writing papers, and tissue products. The bleaching process enhances the brightness, cleanliness, and strength of the pulp, making it suitable for premium applications. The demand for bleached pulp is further amplified by the growth in hygiene and packaging industries, where appearance and purity are critical attributes. Innovations in eco-friendly bleaching techniques,

The unbleached softwood kraft pulp market is projected to grow from USD 1.6 billion in 2025 to USD 2.4 billion by 2035, registering a CAGR of 4.6% during the forecast period. Sales in 2024 reached USD 1.5 billion, indicating a steady demand trajectory.

Metric	Value
Industry Size (2025E)	USD 1.6 billion
Industry Value (2035F)	USD 2.4 billion
CAGR (2025 to 2035)	4.6%

The global market pulp industry, valued at $76,050 million in 2025, is projected to experience steady growth, driven by increasing demand from key applications such as printing and writing paper and tissue paper. A compound annual growth rate (CAGR) of 4.3% is anticipated from 2025 to 2033, indicating a substantial market expansion over the forecast period. Key drivers include the rising global population, increasing disposable incomes in developing economies leading to higher paper consumption, and the continued growth of the e-commerce sector, which fuels demand for packaging materials derived from market pulp. While the industry faces constraints like fluctuating raw material prices and environmental concerns related to deforestation, technological advancements in sustainable forestry practices and improved pulp production efficiency are mitigating these challenges. The market is segmented by type (Bleached Softwood Kraft (BSK), Bleached Hardwood Kraft (BHK), Bleached Hardwood Pulp (HYP)) and application (Printing and Writing Paper, Tissue Paper, Others), each contributing to the overall market dynamics. Major players like Stora Enso, Fibria, and Sappi, along with several significant regional players, compete intensely, influencing pricing and innovation within the sector. Regional variations in demand are expected, with Asia-Pacific and North America continuing to dominate the market share due to robust economies and high paper consumption. The competitive landscape is characterized by a mix of large multinational corporations and regional players. The presence of established players ensures a stable supply, while the presence of smaller companies fosters innovation and competition. Regional variations in growth are expected, driven by factors such as economic development, government policies, and infrastructure development. For example, rapid economic growth in developing countries in Asia-Pacific is anticipated to boost demand in the region. Conversely, mature markets in North America and Europe are expected to see more moderate growth rates. However, continued innovation in sustainable forestry and pulp production technologies will play a crucial role in shaping the future of the market, ensuring responsible growth and minimizing environmental impacts. The forecast period suggests a considerable opportunity for market expansion, emphasizing the importance of strategic planning and investment within the sector.

The global unbleached kraft pulp (UKP) market is experiencing robust growth, driven by the increasing demand from key end-use sectors such as packaging and building materials. The market's expansion is fueled by several factors: a surge in e-commerce leading to heightened demand for corrugated packaging; the construction boom in developing economies necessitating more paper-based building materials; and the continued preference for sustainable and renewable materials across various industries. While the precise market size in 2025 requires further specification (let's assume, based on typical market data for similar pulp types, a conservative estimate of $25 billion), the compound annual growth rate (CAGR) is projected to remain positive, potentially around 3-4% for the forecast period (2025-2033). This sustained growth is expected despite certain restraints, including fluctuations in raw material prices (wood), and environmental regulations impacting pulp production. Segmentation analysis reveals that wood pulp currently dominates the market share, followed by chemical pulp. Geographically, North America and Europe currently hold significant market shares, but the Asia-Pacific region is poised for accelerated growth due to expanding industrialization and rising disposable incomes. Key players such as Stora Enso, WestRock, and Ahlstrom-Munksjö are strategically investing in capacity expansion and technological advancements to meet the growing demand and maintain their competitive edge. The market landscape is dynamic, with several factors influencing the trajectory of UKP demand. Technological innovations in pulp production, focusing on efficiency and sustainability, are creating new opportunities. Furthermore, the growing adoption of recycled fiber in pulp production is contributing to eco-conscious practices within the industry. However, the market faces challenges linked to the increasing cost of energy and transportation, potentially impacting profitability. Competition remains intense among established players and emerging producers, leading to price fluctuations and strategic partnerships. Looking ahead, the continued focus on sustainability and the increasing demand from packaging applications will remain critical growth drivers for the unbleached kraft pulp market, pushing the need for innovative and efficient production methods.

China accounted for ** percent of total global market pulp in 2024. China's share of global market pulp has increased considerably over the past decade, rising from ** percent in 2010. Market pulp is any type of pulp that is produced at one location, then sold to manufacturers that do not have pulp mills to be turned into paper products such as tissues and packaging. Non-market pulp is pulp that is produced by a manufacturer that also produces paper products at its own facilities. China is the largest importer of wood pulp in the world.