Kraft Pulp fell to 5,206 CNY/T on July 16, 2025, down 0.08% from the previous day. Over the past month, Kraft Pulp's price has fallen 0.31%, and is down 7.96% compared to the same time last year, 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.

Get the latest insights on price movement and trend analysis of Northern Bleached Softwood Kraft (NBSK) Pulp in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

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Explore the dynamic factors influencing Northern Bleached Softwood Kraft (NBSK) pulp prices, from market demand and economic conditions to environmental regulations and seasonal trends, affecting its role as a key benchmark in the papermaking industry.

The price of Northern bleached softwood kraft pulp (NBSK) has recorded an increase in the United States and Europe between March and April 2025, while it decreased in China. NBSK prices were highest in the U.S., having amounted to ***** U.S. dollars per metric tons in April 2025. Kraft pulping is one of the chemical processes used for the production of pulp for paper.

Explore the 2023 trends affecting Northern Bleached Softwood Kraft (NBSK) pulp prices, driven by demand in paper and packaging, supply chain disruptions, currency fluctuations, and rising input costs. Understand how these factors influence market dynamics and price volatility.

The global Northern Bleached Softwood Kraft (NBSK) pulp market is experiencing robust growth, driven by increasing demand from key applications such as tissue paper, printing and writing paper, and specialty paper. Let's assume, for illustrative purposes, a 2025 market size of $15 billion (this is an estimated figure, and the actual value may differ). With a Compound Annual Growth Rate (CAGR) of, let's assume, 4%, the market is projected to reach approximately $20 billion by 2033. This growth is fueled by several factors, including the rising global population, expanding urbanization, and increased disposable incomes leading to higher paper consumption. Furthermore, the growing preference for sustainable packaging solutions and environmentally friendly products is boosting demand for NBSK pulp, which is often sourced from sustainably managed forests. However, the market faces certain restraints, such as fluctuations in raw material prices (wood), environmental regulations, and potential economic downturns that could impact consumer spending on paper products. The market segmentation reveals that tissue paper and printing/writing paper are the largest application segments, driving the significant market value. Regional analysis indicates that North America and Europe currently hold substantial market shares, though the Asia-Pacific region is expected to witness faster growth due to rapid industrialization and expanding paper manufacturing capacities in countries like China and India. Major players in the NBSK pulp market include established international companies such as West Fraser, Mercer, Canfor Pulp, and others, constantly investing in capacity expansions and technological advancements to improve efficiency and sustainability. The competitive landscape is characterized by both price competition and differentiation strategies focused on product quality and sustainability certifications. The future of the NBSK pulp market hinges on continued innovation in pulp production, a sustainable sourcing of raw materials, and the ability to meet the increasing demands of a growing global population.

The Northern Bleached Softwood Kraft (NBSK) pulp market, valued at $9.142 billion in 2025, is projected to experience robust growth, driven by increasing demand from the packaging and hygiene sectors. The market's 5.1% CAGR indicates a steady expansion throughout the forecast period (2025-2033). Key drivers include the rising global population, leading to increased consumption of paper and paperboard products. Furthermore, the growing preference for sustainable packaging solutions, coupled with stringent environmental regulations, is fueling the demand for NBSK pulp, a recognized eco-friendly material. While fluctuating raw material prices and potential economic downturns pose challenges, technological advancements in pulp production and the exploration of alternative fiber sources are mitigating these restraints. The market is segmented based on factors such as pulp grade, application, and geographic region. Leading players like West Fraser, Mercer, and Canfor Pulp are continuously investing in capacity expansion and operational efficiency to maintain their market share. The competitive landscape is marked by consolidation and strategic alliances, reflecting the industry's dynamism. The forecast period, spanning from 2025 to 2033, promises significant growth opportunities for established players and new entrants alike. The market’s expansion is expected to be especially pronounced in regions with rapidly developing economies and expanding consumer bases. The substantial growth in the NBSK pulp market is underpinned by several factors. The increasing demand from the packaging industry, particularly for corrugated boxes and folding cartons, significantly contributes to market expansion. The hygiene sector, with its reliance on tissue paper and absorbent products, also drives substantial demand. The continuous rise in e-commerce activities further boosts the need for packaging materials, thereby accelerating NBSK pulp consumption. Furthermore, the ongoing transition towards sustainable and eco-friendly packaging solutions is a crucial factor, as NBSK pulp is recognized as a renewable and biodegradable material. This growing preference for eco-conscious products is further amplified by the increasing regulatory pressure on businesses to minimize their environmental footprint. The integration of advanced technologies in pulp production processes, designed to enhance efficiency and reduce costs, is expected to positively impact the market's growth trajectory. However, maintaining a competitive edge within the market requires ongoing innovation and strategic adaptation to evolving consumer preferences and environmental regulations.

The global Northern Bleached Softwood Kraft (NBSK) pulp market, valued at $12.62 billion in 2025, is projected to experience robust growth. While the exact CAGR is unavailable, considering the strong demand driven by the tissue paper, printing and writing paper, and specialty paper sectors, a conservative estimate places the CAGR between 3% and 5% for the forecast period 2025-2033. This growth is fueled by several factors, including the rising global population, increasing consumption of paper products in developing economies, and the ongoing expansion of the tissue and hygiene industry. Technological advancements in pulp production, leading to higher efficiency and lower costs, also contribute to market expansion. However, fluctuating raw material prices, environmental concerns related to deforestation, and competition from alternative fiber sources, such as recycled pulp, pose significant challenges to sustained growth. The market is segmented by type (Standard NBSK Pulp, Reinforced NBSK Pulp) and application (Tissue Paper, Printing and Writing Paper, Specialty Paper, Others), with tissue paper consistently representing a major consumer. Geographic distribution shows significant presence across North America and Europe, with Asia-Pacific exhibiting substantial growth potential due to rising demand from burgeoning economies. The competitive landscape includes major global players like West Fraser, Mercer, Canfor Pulp, and others, who dominate market share through established production facilities and distribution networks. These companies are actively investing in research and development to improve pulp quality and explore sustainable sourcing practices. Further market segmentation within regions like North America (United States, Canada, Mexico) and Europe (Germany, UK, France) reveals varying growth rates, influenced by factors such as regional economic conditions, consumption patterns, and environmental regulations. The forecast period will likely see increased focus on sustainability initiatives, driving innovation in pulp production and supply chain management. This will be a crucial element impacting both market growth and the strategic positioning of key players.

Unbleached Softwood Kraft Pulps Market Outlook

The global unbleached softwood kraft pulps market size was valued at approximately USD 6.2 billion in 2023 and is projected to reach USD 9.1 billion by 2032, growing at a CAGR of 4.3% during the forecast period. This growth can be attributed to the increasing demand for sustainable and eco-friendly packaging solutions, which has led to a surge in the use of unbleached softwood kraft pulps in various applications across diverse industries.

The primary growth factor driving the unbleached softwood kraft pulps market is the heightened awareness and regulatory pressures concerning environmental sustainability. Globally, there is a significant shift towards reducing plastic waste and promoting the use of biodegradable and recyclable materials. Unbleached softwood kraft pulps, known for their strength and durability, are emerging as a preferred alternative to conventional materials, particularly in the packaging industry. This paradigm shift is further supported by governmental policies and regulations that encourage the use of sustainable materials in industrial applications.

Technological advancements in pulp production processes have significantly contributed to the market growth. Innovations such as improved pulping techniques and enhanced chemical recovery systems have not only increased production efficiency but also reduced the environmental footprint of kraft pulp mills. These advancements are making unbleached softwood kraft pulps more cost-effective and environmentally friendly, thereby fostering their adoption across various applications. Furthermore, ongoing research and development in the field are expected to introduce more efficient and sustainable production methods, further propelling market growth.

The rise in e-commerce activities is another critical factor fueling the demand for unbleached softwood kraft pulps. The exponential growth in online shopping has led to an increased demand for packaging materials that are not only sturdy but also environmentally benign. Unbleached softwood kraft pulps, with their superior tensile strength and eco-friendly attributes, are ideally suited for manufacturing corrugated boxes, cartons, and other packaging solutions. This trend is particularly evident in regions with high e-commerce penetration, such as North America and Asia Pacific, where the demand for sustainable packaging materials is surging.

Chemi Mechanical Pulp, a noteworthy alternative in the pulp industry, combines chemical and mechanical processes to produce a pulp that retains high strength and brightness. This type of pulp is particularly advantageous for applications requiring a balance between cost-effectiveness and performance. It is increasingly being utilized in the production of high-quality printing papers and lightweight packaging materials. The unique properties of Chemi Mechanical Pulp, such as its enhanced fiber bonding and reduced energy consumption during production, make it a sustainable choice for manufacturers aiming to reduce their environmental footprint. As the demand for eco-friendly materials continues to rise, Chemi Mechanical Pulp is poised to play a significant role in the future of the pulp and paper industry.

On the regional front, Asia Pacific holds a prominent position in the unbleached softwood kraft pulps market, driven by robust economic growth, industrial expansion, and increasing environmental consciousness. Countries such as China and India are witnessing a surge in demand for sustainable packaging solutions, supported by favorable governmental policies and an expanding middle-class population. North America and Europe are also significant markets, characterized by stringent environmental regulations and a strong focus on sustainability. Latin America and the Middle East & Africa, though smaller in market size, are expected to offer substantial growth opportunities due to increasing industrialization and rising awareness about sustainable practices.

Product Type Analysis

The unbleached softwood kraft pulps market is segmented into Northern Bleached Softwood Kraft (NBSK) and Southern Bleached Softwood Kraft (SBSK). NBSK is derived from softwood species predominantly found in the northern regions, such as spruce and pine. It is renowned for its long fibers, which impart exceptional strength and durability to the final product. This makes NBSK particularly suitable for applications requiring high tensile strength, such as packaging and high-quality pr

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

The Northern Bleached Softwood Kraft (NBSK) pulp market, valued at $9,142 million in 2025, is projected to experience robust growth, driven by increasing demand from the packaging and hygiene sectors. The 5.1% CAGR from 2025 to 2033 indicates a significant expansion, fueled by the rising global population, escalating consumer spending, and the preference for sustainable packaging solutions. Key drivers include the growing demand for lightweight, high-strength packaging materials in e-commerce and food & beverage industries, coupled with the inherent sustainability of NBSK pulp compared to other alternatives. While challenges such as fluctuating raw material prices and environmental regulations exist, technological advancements in pulp production, aimed at increasing efficiency and reducing environmental impact, are mitigating these restraints. The market is segmented by geographic regions (North America, Europe, Asia-Pacific, etc.), with North America and Europe currently holding significant market share due to established pulp production facilities and strong consumer demand. Major players like West Fraser, Mercer International, Canfor Pulp, and others are strategically investing in capacity expansion and technological upgrades to maintain their competitive edge. The forecast period (2025-2033) suggests continued market expansion, shaped by ongoing demand for sustainable and high-quality pulp products. The competitive landscape is characterized by a mix of large multinational corporations and regional players. The intensity of competition is moderate, with companies focusing on differentiation through product quality, sustainability initiatives, and efficient supply chain management. Innovation in pulp production technologies, including improvements in bleaching processes and increased utilization of recycled fibers, plays a critical role in maintaining profitability and market share. Furthermore, strategic collaborations and mergers & acquisitions are expected to shape the market dynamics during the forecast period. The increasing focus on reducing the environmental impact of pulp production, coupled with government regulations promoting sustainable forestry practices, is expected to drive further innovation and investment within the industry. The long-term outlook for the NBSK pulp market remains positive, with sustained growth driven by consistent demand across various end-use industries.

Canadian wood pulp mills supply pulp to various downstream paper manufacturers, including paper mills, sanitary paper product manufacturers and cardboard packaging mills. This industry is highly globalized and companies derive most revenue from exports. Over the past five years, wood pulp mills have endured major revenue volatility driven by supply chain shortages and the continued decline of domestic paper manufacturers. Wood Pulp Mills industry revenue has been plummeting at a CAGR of 5.4% over the past five years and is expected to total $8.5 billion in 2024 when revenue will jump by an estimated 3.5%. Profit has remained stable over the past five years because of steady purchase costs. International trade dominates the industry, with exports consistently accounting for most of industry revenue, particularly to China and the United States. Manufacturing powerhouses like China have been growing buyers. These regions have robust paper manufacturing sectors compared with developed economies. Canada is also the dominant producer of northern bleached softwood kraft (NBSK) pulp, affirming its position atop trade markets. Input prices have also injected volatility into the industry; sharp pulp prices dropped early, exposing producers to risk. In contrast, skyrocketing prices in 2021 and 2022 enabled growth, effectively mitigating the industry's five-year decline. Wood Pulp Mills industry revenue is expected to expand at a CAGR of 1.9% to $9.3 billion over the five years to 2029. While steadily climbing wood pulp prices will counter volatility, the continued struggles of downstream paper mills in the developed world will constrain growth. Some downstream mills will consolidate or exit the industry as these markets falter. Nonetheless, technological innovations, like recycled pulp and nonwood fibre pulp, will drive the industry as it strives for higher sustainability levels.