Dubai, UAE, June 21, 2023 (GLOBE NEWSWIRE) -- As per the latest report published by Extrapolate, the global Pulp and Paper Market was valued at USD 348.32 Billion in 2022 and is estimated to grow to USD 387.54 Billion by 2032, exhibiting a CAGR of 1.07% during the projection period 2023-2032. A number of factors, including growing populations, urbanization, and rising consumer demand for paper-based products, have contributed to the market's steady growth over the past few years. Additionally, product demand is likely to increase in the upcoming years as a result of the growing trend toward sustainable and eco-friendly packaging options.

This particular industry holds immense importance as it heavily relies on the resources provided by forests and stands as the largest industry worldwide. The industry generally uses wood and other materials including bamboo, rice husk, wheat straw, and much more for making pulp and paper products. The primary products include tissue paper, rolls, specialty papers, wrapping paper, paper packaging supplies, writing paper, printing paper, and others. This labour-intensive sector contributes significantly to both socioeconomic and environmentally sustainable development. The rising digitization and varying availability of raw materials, however, present growth challenges for the global market.

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Competitive Landscape

In this sector, it's crucial to make optimal use of resources to meet rising consumer demand. The supply-demand situation in the global paper sector is being balanced by all major paper producers. Different paper grades, including office papers, specialty papers, digital papers, commercial printing sheets, and converting papers, are increasingly being offered by businesses in order to expand their global reach. Major market players operating in the global pulp and paper market include:

Global Pulp and Paper Market Overview:

Report Attributes Details  
Growth Rate CAGR of 1.07% from 2023-2032  
Revenue Forecast by 2032 USD 387.54 Bn  
By Raw Material
  • Wood-Based
  • Agro Based
  • Recycled Fiber Based
 
 
 
 
By Manufacturing Process
  • Pulping Process
  • Bleaching Process
  • Others
 
 
 
 
 
By Grades
  • Writing Printing Grade
  • Packaging Grade
  • Newsprint Grade
  • Others
 
 
 
 
 
By Companies International Paper, NIPPON PAPER INDUSTRIES CO., LTD., Oji Holdings Corporation, Smurfit Kappa, Stora Enso, Georgia-Pacific, WestRock Company, Rengo Co., Ltd, Sappi, KCWW  
Regions and Countries Covered
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • The Middle East and Africa
 
 
 
 
 
 
Base Year  2022  
Historical Year  2018 to 2021  
Forecast Year  2023 to 2032  


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Global Pulp and Paper Market Segmentation:

By Grades

Growing Use of Paper-based Packaging Materials to Boost Demand for Packaging Grade Globally

The packaging grade segment is anticipated to experience significant growth throughout the projection period as a result of the rising use of paper-based packaging materials across the globe. Furthermore, the demand for wrapping and packaging materials has increased as a result of the quick globalization of the retail and e-commerce sectors.

For instance, paper bags are increasingly an acceptable and cost-effective substitute for plastic bags, which is assisting in the growth of the packaging-grade market. Additionally, as consumers and producers adopt paper packaging materials in emerging nations, environmental awareness is growing among people.

By Manufacturing Process

By Raw Material

Demand for Wood-based Raw Materials to Rise Due to Its Widespread Use in the Creation of High-quality Paper

The wood-based segment accounted for the largest market share in recent years owing to the widespread usage of wood pulp in the creation of high-quality paper. To improve its qualities and get rid of impurities, the pulp is combined with different chemicals. The Kraft/Sulphate method, which produces the most effluent during the production process, is the most flexible method to use. For the production of premium white paper and other high-quality paper products, chemical pulp is used.

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Market Growth and Restraint

Rapid Development of the E-commerce Sector Along with Rising Internet Penetration to Fuel Demand for Paper Packaging

The rise of online retailing has been spurred by the rising use of the Internet and cell phones in emerging economies such as China, India, Southeast Asian countries, Brazil, and others. Online shopping for cosmetics, food, groceries, and other products is on the rise among consumers, particularly younger generations. By 2025, 220 million people are expected to shop online, according to the India Brand Equity Foundation.

Paper is the perfect material for simple and lightweight packaging in logistics. The demand for packaging made of paper is also rising as a result of the increased requirement for environmentally friendly retail packaging to address the negative impacts of plastic packaging waste. The demand for corrugated boxes and paper bags is expected to rise significantly over the forecasted period as a result of the rapid growth of the online commerce sector.

Raw Materials and Resource Management to Restrain Market Growth

The production of paper uses a large amount of wood from forests. The Food and Agricultural Organisation estimates that there was a net loss of 3.3 million hectares of forest between 2000 and 2015. Governments further established stringent guidelines for the use of forest-sourced wood. Additionally, one of the sectors that use the most water is the paper industry. For the production of A4-sized paper sheets, producers typically require around 20 liters of water. As a result of the water problem and growing deforestation, maintaining a steady supply of raw materials and resources is a major challenge to the market's growth.

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Surging Demand for Packaging Materials in Asia Pacific to Support Regional Market Growth

Asia Pacific currently holds the largest share of the packaging sector owing to the rising need for packaging materials. The increasing e-commerce, food and beverage, automotive, health, and cosmetic businesses in the region are the main drivers of this. As a result of the growth of these businesses, China's packaging industry, for instance, has been increasing rapidly in recent years.

According to the Sea-Circular Organisation, the packaging market in China is likely to continue to grow at a CAGR of 13.5% by 2025. The pulp and paper market in the region is anticipated to grow at a rapid CAGR rate in the upcoming years as the region's population continues to rise and urbanize.

North America to Grow Rapidly As the Region is Home to Leading Market Participants

The paper product markets in North America and Europe are anticipated to grow rapidly throughout the projection period. The paper sector in the United States is highly competitive, with major companies such as Georgia-Pacific Corporation, International Paper, and WestRock leading the market. The need for packaging paper in the US has been further fueled by the rise in fast-moving consumer product consumption.

However, demand for newsprint and printing & writing paper in both regions is anticipated to reduce during the forecast period. Despite this, the North American and European paper markets continue to be vital ones, and consumers and businesses alike are placing a growing emphasis on sustainable practices, which will ultimately contribute to the growth of the market.

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Recent Industry Developments

Key Points from TOC:

Chapter 1. Executive Summary

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Scope, Definition, and Assumptions
2.3. Data sources
2.3.1. Secondary sources
2.3.1.1. Preliminary data mining
2.3.2. Primary sources
2.3.2.1. Statistical Model
2.3.2.2. Data Triangulation
2.3.2.3. Research Objective

Chapter 3. Market Outlook

3.1. Introduction
3.2. Key trends
3.3. Market drivers
3.4. Market restraints
3.5. Market opportunities
3.6. Market Challenges
3.7. Porter’s Five Forces Analysis
3.8. Value chain analysis

Chapter 4. COVID-19 Impact on Pulp and Paper Market
Chapter 5. Global Pulp and Paper Market Overview, By Raw Material, 2018 - 2032 (USD Million)
Chapter 6. Global Pulp and Paper Market Overview, By Manufacturing Process, 2018 - 2032 (USD Million)
Chapter 7. Global Pulp and Paper Market Overview, By Grades, 2018 - 2032 (USD Million)
Chapter 8. Global Pulp and Paper Market Overview, By Geography, 2018 - 2032 (USD Million)
Chapter 9. North America Pulp and Paper Market Overview, By Countries, 2018 - 2032 (USD Million)
Chapter 10. Europe Pulp and Paper Market Overview, By Countries, 2018 - 2032 (USD Million)
Chapter 12. Middle East & Africa Pulp and Paper Market Overview, By Countries, 2018 - 2032 (USD Million)
Chapter 13. South America Pulp and Paper Market Overview, By Countries, 2018 - 2032 (USD Million)
Chapter 14. Competitive Landscape
Chapter 15. Key Vendor Analysis
Chapter 16. Sourcing Strategy and Downstream Buyers
Chapter 17. Marketing Strategy Analysis, Distributors/Traders
Chapter 18. Market Effect Factors Analysis
Chapter 19. Future Outlook of the Market

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