The global pulp and paper market is projected to grow during the forecast period due to the increasing demand for eco-friendly packaging materials. Fortune Business Insights™ publishes this information in a report titled, "Pulp and Paper Market Size Report, 2024-2032".

The global pulp and paper market size was valued at USD 357.21 billion in 2023 and 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. Asia Pacific dominated the pulp and paper market with a market share of 50.16% in 2023.

Pulp and Paper Market Segments:

Wrapping & Packaging Segment To Lead Market Due To Growing Retail & E-commerce Sector

Based on category, the market is categorized into wrapping & packaging, printing & writing, sanitary, newsprint, and others. The wrapping and packaging segment is expected to lead the global market due to the rapidly emerging e-commerce and retail sector.

Geographically, the market share is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Report Coverage:

The report focuses on factual data regarding the recent developments and trends in the industry. The drivers and restraints affecting the market growth during the forecast period are discussed further in this report. Also, the impact of COVID-19 pandemic on the market expansion and development is mentioned further in this report. Furthermore, regional insights on segmented market areas are given along with a list of key market players. Key industry developments are highlighted further in this report.

Drivers & Restraints:

Rising Demand For Eco-Friendly Packaging To Augment Growth

The global market growth is attributed to the increasing demand for wrapping and packaging material in logistics. The rapidly expanding e-commerce and retail industry is anticipated to drive market growth in the coming years. Furthermore, increasing demand for eco-friendly packaging is expected to fuel market growth in the coming years.

However, raw material and resource management may hamper the market growth during the forecast period.

Regional Pulp and Paper Market Insights:

Asia Pacific Dominates Global Market Due To Rapid Economic Growth

Asia Pacific holds the highest global pulp and paper market share due to the highest producer and consumer ratio. Also, rapid economic growth in developing countries is expected to fuel regional market growth. The regional market stood at USD 173.26 billion in 2020.

North America stands at the second-highest global market position due to the rising demand for paper from various end-use industries. Furthermore, the presence of leading market players is anticipated to drive the market.

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

Competitive Landscape:

Strategic Investments By Companies To Gain Competitive Advantage in The Market

The leading pulp and paper manufacturers focus on balancing their supply-demand process by adopting sustainable solutions and increasing their production rate. Also, the companies focus on forming strategic alliances, partnerships, collaborations, and mergers with supporting organizations to improve their business performance.

List of Key Players Profiled in the Market Report for Pulp and Paper:

International Paper(U.S.), Georgia-Pacific Corporation (U.S.), Nine Dragon Paper (Holdings) Ltd. (China), Stora Enso Oyj (Finland), Sappi Limited(South Africa), Kimberly-Clark Corporation (U.S.), UPM-Kymmene Oyj(Finland), Svenska Cellulosa Aktiebolaget (SCA)s (Sweden), Oji Holding Corporation (Japan), Nippon Paper Industries Co., Ltd. (Japan), The Smurfit Kappa Group (Ireland), WestRock(U.S.)