Trends in China’s Pulp, Paper, and Forestry Industry, Paper360º March/April 2024

The global pulp and paper industry continues to thrive, with a strong focus on the packaging sector and tissue and towel sector. The industry is expected to experience a compounded annual growth rate (CAGR) of approximately two percent. Looking ahead (Fig. 1), we expect to witness the addition of around 70 million tons of new capacity by 2027, thanks to various ongoing and upcoming projects.

WOOD CONSUMPTION IN PULP AND PAPER
Wood consumption in the global pulp and paper industry is estimated to be around 400 million tpy. Roughly 80 percent of this consumption is attributed to the top 10 papermaking countries (Fig. 2). Among them, the United States leads the pack in terms of wood fiber consumption, followed closely by Brazil. China ranks third as a major consumer of wood raw materials for papermaking, with an expected consumption of approximately 34 million tons this year.

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