Global market size of paper and pulp 2021-2029

The global pulp and paper market was valued at 351.53 billion U.S. dollars in 2021, and was expected to increase in value in 2022. The market is projected to register a compound annual growth rate (CAGR) of 0.72 percent from 2022 to 2029 to reach a value of roughly 373 billion U.S. dollars.

Growth in paper packaging demand

The increasing demand for e-commerce and growing concerns about plastic packaging pollution is set to drive paper packaging consumption in the coming years. The global demand for containerboard, which is the most consumed paper type worldwide, is projected to grow 27 percent from 2021 through 2032 to reach 226 million tons. Containerboard, also known as corrugated case material, is used in the production of corrugated boards.

Pulp consumption for paper production

The amount of recycled paper pulp consumed for paper production totaled 203 million tons in 2021. That same year, some 171 million tons of pulp for paper production came from virgin wood species such as eucalyptus trees. Of this total, 40 percent was market pulp made up mostly of Bleached Chemical Pulp (BCP).