Paper and Pulp Market Will Reach Nearly USD 740.76 Billion by 2030
Sustainability | EIN News | October 02, 2022
According to the latest research by Reports and Data, the global paper and pulp market size is expected to top $740.76 billion in 2030 and register a revenue compound annual growth rate (or CAGR) of 3.2 percent during the forecast period. Increased demand for paper and pulp from the packaging and printing industries coupled with increased use of recycled pulp in the production of toilet paper, paper towels, and other products will continue contributing to market revenue growth. The paper and pulp market ranks as the world's biggest forest-based industry, manufacturing paper products mostly from wood and such other resources as bamboo and straw. Researchers note that as online shopping has become increasing popular among consumers in the pandemic era, pulp and paper packaging demand has registered a rapid increase. But with digitization and fluctuating raw material supply, the global paper and pulp market faces headwinds. Furthermore, environmental deterioration is driving more and more manufacturers to use sustainable paper and pulp materials to package their products.
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