Global Paper and Pulp Market to Witness 4.7% CAGR Growth

SEATTLE (Scrap Monster): New research report predicts better growth to paper and pulp market in the forthcoming years. Over the next five years, global paper and pulp market revenue is expected to register 4.7% CAGR growth to touch $79.6 billion by 2023. The market revenue had totaled $63.3 billion during the previous year. The study is based on history data from 2013 to 2017.

According to the report, the average paper pulp prices continued to remain volatile during the past five year period, ultimately falling from $712 per kg in 2012 to $683 per kg in 2016. China continued to remain as the largest consumer and importer of paper pulp products, accounting for nearly one-third of the market share in 2016. The country is likely to maintain its leadership position over the next few years.

The report cites Brazil, Canada, Indonesia, Finland, USA, Chile and China as the key producers of paper pulp in the world. Also, Brazil, Canada, Indonesia and Chile are the primary exporters of paper pulp.

By product type, the market is segmented into Bleached Softwood Kraft Pulp (BSK), Birch Hardwood Kraft Pulp (BHK) and High Yield Pulp (HYP). By application, the market is classified into Printing and Writing Paper, Tissue Paper and Others. The report identifies several key market players including Stora Enso, Fibria, RGE, Sappi, UMP, ARAUCO, Resolute, Domtar and Nippon Paper.