Data Bridge Market Research analyses that the pulp and paper market will witness a CAGR of 1.00% for the forecast period of 2022-2029 and is likely to reach at USD 445.40 billion by 2029.
Pulp is a primary material that is used to make paper. Paper is a sheet used for writing or printing. Paper is usually made of cellulose fibres from wood chips which are dried in waterproof containers. The pulp obtained is soft, moist, and shapeless matter.
Rise in demand for paper by the chemical and industrial processing industry in developed and developing economies is the major factor accelerating the growth of the pulp and paper market in the forecast period of 2022-2029. Furthermore, rising application areas for paper and pulp in the packaging materials especially in the developing economies and expansion of various end user industries growth is propelling the market. Rising demand for sophisticated and high speed machinery and rising expenditure for research and development proficiencies also expected to drive the growth of the pulp and paper market in the forecast period of 2022-2029.
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Some of the major players operating in the pulp and paper market are Amcor plc, Cascades Inc., Packaging Corporation of America, DS Smith, Fedrigoni S.P.A., Atlantic Packaging, International Paper, Smurfit Kappa, Svenska Cellulosa Aktiebolaget SCA, Mondi, Nippon Paper Industries Co., Ltd., Stora Enso, METSÄ GROUP, Georgia-Pacific, Oji Holdings Corporation, Mayr-Melnhof Karton AG, UPM, Rengo Co., Ltd., WestRock Company and Sonoco Products Company among others.
Scope of the Pulp And Paper Market Report:
The pulp and paper market is segmented on the basis of category and end user industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of category, the pulp and paper market is segmented into wrapping and packaging, painting and writing, sanitary, newsprint, and others.
- On the basis of end user industry, the pulp and paper market is segmented into personal care and cosmetics, food and beverages, healthcare, consumer goods, education and stationary and others.
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