Pulp and Paper Market to Grow at a CAGR of 1.0% During 2024-2032; Growing Adoption of Paper as a Packaging Material to Drive Market Expansion

The global pulp and paper market size was valued at USD 357.21 billion in 2023. The market is projected to grow from USD 360.08 billion in 2024 to USD 391.39 billion by 2032, exhibiting a CAGR of 1.0% during the forecast period.

Fortune Business Insights™ presents this information in its report titled, “Pulp and Paper Market Size, Share & Industry Analysis, By Category (Wrapping & Packaging, Printing & Writing, Sanitary, News Print, and Others), and Regional Forecast, 2024-2032”.

Pulp refers to a material that is obtained from rags, waste paper, wood, and fiber crops. It is processed to make paper and other products. The pulp and paper industry is the foremost industry that is reliant on forests. Raw materials, such as wood and several other alternative materials, including bamboo, wheat straw, and rice husk, are used to manufacture paper. The rising adoption of paper as a packaging material, printing paper, wrapping paper, rolls, specialty paper, and tissue paper, is anticipated to drive the market expansion during the forecast period.

The COVID-19 pandemic had a negative impact on the market expansion. The decreased demand for paper from different end-users due to the disruptions in leading paper applications, including printing and writing and news print, during the pandemic, hindered market expansion.

Kruger Acquired Paper Mill from Domtar to Supply Pulp for Tissue Paper

In June 2022, Kruger acquired a paper mill from the pulp mill plant of Domtar based in Kamloops, Canada. The plant is responsible for producing bleached and unbleached soft wood pulp. The acquisition will help Kruger supply pulp for the manufacturing of tissue paper in facilities based in Quebec.

Growing Paper Recycling Activities by Market Players to Boost Market Growth

The increasing paper recycling activities by the market players that are involved in material recycling, as these activities are a beneficial addition to their services, driving the pulp and paper market growth. These activities help entrepreneurs in providing services, such as sorting, transportation, and collection. For instance, according to the American Forest & Paper Association, in 2022, 67.9% of recycled paper was consumed in the U.S. In addition, the growing adoption of supportive laws for paper recycling is expected to increase the recycling activities driving growth of the market.

However, stringent regulations from the governments on sourcing wood from forests may impede market expansion.

Growing Focus of Major Market Players in Balancing Supply-Demand to Boost Market Growth

The pulp and paper market consists of key players, such as International Paper and others. The rising focus of these players on using resources efficiently to meet the rising demand of consumers boosts market expansion.

Notable Industry Development

• January 2022 – Stora Enso invested USD 40.67 million to advance its fluff pulp production site in Skutskär, Sweden. The main aim of the company is to decrease its carbon footprint and increase focus on cost-effective processes. The pulp manufactured will be used for different healthcare applications, such as adult incontinence, feminine care, and baby care.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/pulp-and-paper-market-103447

List of the Companies Profiled in the Report:

• International Paper (U.S.)


• Georgia-Pacific Corporation (U.S.)


• Nine Dragon Paper Ltd. (China)


• Stora Enso Oyj (Finland)


• Sappi Ltd. (South Africa)


• Kimberly-Clark Corporation (U.S.)


• UPM-Kymmene Oyj (Finland)


• Svenska Cellulosa Aktiebolaget (SCA) (Sweden)


• Oji Holding Corporation (Japan)


• Nippon Paper Industries Co. Ltd. (Japan)


• The Smurfit Kappa Group (Ireland)


• WestRock (U.S.)

Further Report Findings-

• Asia Pacific is expected to dominate the market during the forecast period and is leading the market in paper consumption. The growth is attributed to the increasing adoption of pulp and paper-based products, healthy economic growth, and improving lifestyles.


• Europe holds the second-dominant market share in paper production. The region’s growth is attributed to the growing paper-based products recycling to reach sustainable goals.


• Latin America is anticipated to grow significantly in the market during the projected period. The growth is attributed to the surging merger & acquisition activities and growing investments in the paper packaging industry in Mexico.


• The wrapping & packaging segment is anticipated to hold the largest pulp and paper market share during the projected period. The segment’s growth is attributed to the increasing environmental awareness in both consumers and manufacturers in the developing countries adopting packaging products.

Table of Segmentation