Global Pulp Mills Market Market Size 2024, Forecast To 2033
6 Mar, 2024
The pulp mills market has demonstrated robust growth, escalating from $85.53 billion in 2023 to $92.5 billion in 2024, reflecting a compound annual growth rate (CAGR) of 8.2%. This growth in the historical period is associated with the increasing demand for paper and pulp, trends in the forestry and timber industry, global economic dynamics, and requirements from the packaging industry, all within the framework of regulatory compliance. Looking ahead to 2028, the market is expected to continue its strong growth trajectory, reaching $124.44 billion with a CAGR of 7.7%. This anticipated growth is underpinned by evolving packaging solutions, a focus on sustainable pulp production, the global shift towards e-commerce, rising demand for bio-based products, and initiatives promoting a circular economy. Major trends in this forecasted period include an emphasis on energy efficiency and emission reduction, the integration of digitalization for process optimization, the development of biodegradable and specialty pulp products, global expansion, and diversification of pulp markets, along with a heightened focus on circular economy models in pulp production.
Global Pulp Mills Market Market Key Driver
The growth of the pulp mills market is anticipated to be propelled by consumer preferences for pulp-based products. This inclination is rooted in the perceived sustainability, biodegradability, cost-effectiveness, and versatility of pulp-based items. With an increasing environmental consciousness, consumers favor pulp over plastic, driving the demand for sustainable and eco-friendly products. In June 2022, the Natural Resources Defense Council reported in 'Issue with Tissue 2.0' that 75% of tissue industry products are pulp-based, and approximately 60% of consumers prefer natural fiber tissues. Thus, the surge in consumer preference for pulp-based products significantly contributes to the growth of the pulp mills market.
Get A Free Sample Of The Global Pulp Mills Market Market ReportGlobal Pulp Mills Market Market Segments
The pulp mills market market covered in this report is segmented –
1) By Source: Wood Pulp or Virgin Fiber Pulp, Non-Wood Pulp, Recycled Pulp or De Inked Pulp
2) By Grade: Mechanical, Chemical, Semi-Chemical,
3) By End User: Packaging Manufacturers, Publishers And Stationery Manufacturers, Sanitary And Household Product Manufacturers.
By Geography:The regions covered in the pulp mills market market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
North-America was the largest region in the pulp mills market in 2023. The regions covered in the pulp mills market market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Pulp Mills Market Industry Players
International Paper Company, Stora Enso Pulp AB, WestRock Company, Georgia-Pacific Pulp and Paper LLC, Nippon Paper Industries Co. Ltd., Oji Holdings Corporation, Sappi Global - South African Pulp and Paper Industries Limited, UPM-Kymmene Corporation, Sonoco Products Company, Suzano Papel e Celulose S.A., PT. Indah Kiat Pulp & Paper Tbk, BillerudKorsnas AB, Canny Tissue Paper Industry LLC, Gulf Paper Manufacturing FZCO, Kimberly-Clark Corporation, Nine Dragons Paper (Holdings) Limited, Smurfit Kappa Group plc, Mondi Group plc, Svenska Cellulosa Aktiebolaget SCA, Metsä Board Corporation, Lee & Man Paper Manufacturing Limited, Rottneros AB, Domtar Corporation, Canfor Pulp Products Inc., Mercer International Inc., Resolute Forest Products Inc., Asia Pulp & Paper Co. Ltd., Fibria Celulose S.A., Klabin S.A., CMPC Celulosa S.A., Celulosa Arauco y Constitución S.A., Eldorado Brasil Celulose S.A., SCA Tissue North America LLC, Clearwater Paper Corporation, Verso Corporation, P.H. Glatfelter Company, Catalyst Paper Corporation, Heinzel Holding GmbH
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Pulp Mills Market Market Overview
A pulp mill is a manufacturing facility that produces pulp from wood chips, fiber crops, or other raw materials. The pulp produced in the mill is used as the raw material for making paper, tissue, and other paper products.
Pulp Mills Market Global Market Report 2023 provides data on the global pulp mills market market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The pulp mills market market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.