The global wood pulp market consumes 213 million metric tons (MT) of wood annually, with 38% of this consumption as “market pulp” sold to non-integrated mills and 62% used internally by companies producing both pulp and paper products.
Market pulp demand has grown steadily over the past two decades, driven primarily by China’s rapid industrial growth and increasing paper consumption, leading to a CAGR of 2.2% and reaching 71 MT in 2023.
Hardwood pulp, from broad-leaved trees, is used for smooth and bright products like printing papers and tissues, while softwood pulp, from coniferous trees, is used for strong and durable packaging materials.
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