Increase in demand from the paper industry and surge in consumer demand for tissue paper products drive the growth of the global wood pulp market. Asia-Pacific accounted for the highest share in 2020, and is expected to maintain its dominant share in terms of revenue by 2030. Supply chain disruptions occurred due to the lockdown measures taken place in various countries during the Covid-19 pandemic.
Some ruling enterprises in the global wood pulp market are examined in the report along with the citation of innovative product launches by them, their collaborative undertakings & endeavors, several merges & acquisitions, and many more. The frontrunners operating in the global wood pulp industry include International Paper, Nippon Paper, Metsä Group, Sappi, Oji Holdings Corporation, Stora Enso, Sonoco Products, UPM-Kymmene Corporation, Svenska Cellulosa Aktiebolaget, and WestRock.
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COVID-19 impact analysis
The outbreak of the COVID-19 pandemic left a significant impact on the global economy. The wood pulp market report provides a detailed study of the micro- and macro-economic impacts of the pandemic. Moreover, the analysis depicts the direct impact of COVID-19 on the wood pulp market. It recapitulates the detailed information about the market extent and shares owing to the impact of the outbreak. The report also emphasizes on the supply chain and the sales of the wood pulp market. Last but not the least; the study also exhibits a post-COVID-19 scenario, portraying different measures and initiatives taken by the government bodies across the world.
The packaging segment held the highest market share in 2020, contributing to more than half of the global wood pulp market, and is estimated to continue its lead position during the forecast period. However, the papers segment is projected to register the highest CAGR of 4.4% from 2021 to 2030.
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The papers segment is estimated to showcase the highest CAGR of 4.4% during the forecast period. However, the packaging segment held the largest share in 2020, accounting for more than half of the global wood pulp market, owing to rise in demand from pharmaceutical and food & beverage industries in India, China, and Japan.
The market across Asia-Pacific accounted for the largest share in 2020, holding more than two-fifths of the global wood pulp market. In addition, the region is anticipated to register the highest CAGR of 4.7% from 2021 to 2030, due to rise in demand for packaging products from pharmaceutical and food & beverage industries.
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