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/The global wood pulp market is expected to reach 89.142 billion US dollars by 2029

The global wood pulp market is expected to reach 89.142 billion US dollars by 2029

2023-07-31

The global wood pulp market is expected to reach 89.142 billion US dollars by 2029

 

According to the research data of QY Research Company, the global wood pulp market size is 60.382 billion US dollars in 2018, and the global wood pulp market size is 63.556 billion US dollars in 2022, and the Compound Annual Growth Rate( CAGR) is 1.3% during the five years from 2018 to 2022.

 

The global wood pulp market is expected to reach $89.142 billion by 2029, with a CAGR of 4.6% during 2022-2029.

 

At present, the global wood pulp market is basically dominated by manufacturers in Europe and South America.

 

In the coming years, the important market position of the Asia-Pacific region will become more prominent, besides China, South Korea, India and Southeast Asia will also play an important role.

 

In 2022, broadleaf pulp will account for 60.8% of total global sales. It is expected that the market share of broadleaf pulp will further increase in the next few years. By 2029, the proportion of broadleaf pulp production will reach 63.6%.

 

Reference

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