Pulp and Paper Market Growing Demand and Upcoming Opportunities till 2031

The pulp and paper market size was estimated at USD 351.5 billion in 2021 and is expected to hit around USD380.12 billion by 2031, projected to grow at a CAGR of 4.3% during the forecast period 2023 to 2031.

The global pulp and paper industry holds its significance in being the foremost industry relying on forests. The major raw materials, such as wood, along with alternative materials, including wheat straw, bamboo and rice husk, are utilised for the manufacturing of paper. The growing adoption of paper as a paper packaging material, wrapping paper, printing paper, writing paper, rolls, tissue paper and specialty papers is expected to boost the pulp and paper industry growth. 

The pulp and paper manufacturing and supply industry is labour-intensive and plays a vital role in socio-economic development. Moreover, the government’s growing initiative for sustainable environmental development will fuel the market growth of pulp and paper.

The adoption of personal care and hygiene products including tissue paper increased due to growing safety and hygiene practices by the consumer to avoid the spread of COVID-19 virus. As a result, leading tissue manufacturers globally increased their focus to meet the demand for tissue papers from healthcare facilities.

Surge in the adoption of packaging materials for transportation of goods bought online and the rising need for eco-friendly solutions in retail packaging is also projected to fuel the market growth during the projected timeframe.