Hardwood Pulp - Worldwide

The global hardwood pulp market size accounted for USD 54,300 million in 2024 and is predicted to touch around USD 64,900 million by 2034, growing at a CAGR of 1.8% from 2024 to 2034.

The hardwood pulps are the raw materials used in the production of papers, packaging solutions, and textiles. The government worldwide is pressuring for single-use and zero-use plastic, driving a shift for the adoption of the hardwood pulp in packaging solutions. The growing adoption of biodegradable and recyclable materials by manufacturing industries is the key factor responsible for the growth of the market. The increased utilization of hygiene papers like tissue papers, sanitary napkins, and diapers is surging the market expansions. Increased developments of small-scale packaging industries and government investments in such businesses are seeking the expansion of the market. The rapidly increasing number of food commercial sectors, like hotels and restaurants, are projected to fuel the market growth in the forecast period.

The Asia-Pacific region is anticipated to have the biggest share in the market growth due to increasing urbanization and industrialization in the region. The largest export and sales of hardwood pulps are making China led to the market growth in Asia. However, North America and Europe are projected to enhance market growth in the forecast period due to regional government and environmental regulatory framework pressure for zero-plastic use.