Wood Pulp Market Scope
Wood pulp is extracted by separating cellulose fibers from wood through mechanical or chemical treatment. Wood pulp is widely used in the manufacturing of various consumer and specialty products including tissues, cardboard, paper cups, and many more. Robust growth of the packaging industry across the globe and significant inclination toward paper packaging across various industries due to growing environmental concern and a government ban on the use of plastic for packaging is the major growth driver for the wood pulp market. High consumption and production of papers in the United States, China, and Japan will accelerate the growth of the market.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Domtar Corporation (United States), Stora Enso (Finland), Oji Holdings (Japan), Svenska Cellulosa Aktiebolaget SCA (Sweden), WestRock Company (United States), Nippon Unipac Holding (Japan), UPM (Finland), International Paper (United States), Eldorado Brasil (Brazil), West Fraser Timber (Canada), Södra (Sweden), Metsa Fibre (Finland), Mercer International Inc. (United States) and Canfor (Canada) |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Domtar Corporation (United States), Stora Enso (Finland), Oji Holdings (Japan), Svenska Cellulosa Aktiebolaget SCA (Sweden), WestRock Company (United States), Nippon Unipac Holding (Japan), UPM (Finland), International Paper (United States), Eldorado Brasil (Brazil), West Fraser Timber (Canada), Södra (Sweden), Metsa Fibre (Finland), Mercer International Inc. (United States) and Canfor (Canada) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Wood Pulp market by Type (Hardwood Pulp and Softwood Pulp), by Application (Packaging, Paper & Paper Products, Writing & Printing, Tissue Papers and Others) and Region with country level break-up.
On the basis of geography, the market of Wood Pulp has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2021.
Market Leaders and their expansionary development strategies
In May 2021, Paper Excellence acquired Domtar, the global manufacturer of wood-fiber-based paper and pulp products for expansion in the US market. Paper Excellence is a leading manufacturer of printing, writing, specialty, and packaging papers. The acquisition will allow Paper Excellence to expand its printing, writing, and specialty paper offerings.
Opportunities
- High Consumption of Paper and Paperboard in the Developing Countries like China and India Will Boost the Wood Pulp Market
Restraints
- Stringent Regulations on Wood Harvesting to Preserve Forests and Increased Focus on Extraction of Pulp From Fiber Crops and Other Sources
Challenges
- Decline in the Demand for Some Type of Wood Pulp Due to Emerging Trend of Digital Document
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Wood Pulp Manufacturers, Wood Pulp Suppliers and Distributors, Venture Capitalists and Private Equity Firms, Government Bodies, End-Users and Others