The North America and Europe pulpwood market was valued at USD 14,513.8 million in 2020 and is projected to reach USD 16,117.3 million by 2027, expanding at CAGR of 1.5% during the forecast period. In terms of volume, the market is estimated to expand at a CAGR of 1.3% between 2020 and 2027. Trees, which are grown for harvesting timber, are further used as pulpwood to produce paper products. Different types of trees are used in the formation of wood products. These trees are harvested in their young stage. Additionally, pulpwood is used in several types of wood products, which have applications in inexpensive furniture, clothing, and cosmetics.

Some manufacturers intentionally use an area of trees for pulpwood, while others harvest the trees for producing wood products. For instance, salvaged trees after a natural disaster are used for harvesting pulpwood. Trees, which are suitable for harvesting timber in a mixed logging operation, are first cut. The inferior trees are harvested for use in pulpwood production. Additionally, sizable limbs and dead trees are used in the production of pulpwood for various purposes. The main purpose of harvesting pulpwood is the manufacture of paper products such as writing paper and computer and copy paper.

Market Dynamics
The North America and Europe pulpwood market is anticipated to grow due to the increasing demand for paper-based material, rising number of paper manufacturers and pulpwood plantations, growing demand for paper packaging, and rising demand for forest products. The market is facing unprecedented challenges due to increasing digitalization and rising emphasis on raw material and resource management. However, improved lifestyle and government initiatives to replace plastic with paper is expected to create opportunities in the market.

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Segments

By Types

Definitions

Softwood
Softwood is thin, pure, long, and contains few impurities. Softwood trees are evergreen and their species includes Douglas fir, pine, hemlock, and cedar. Softwood is obtained from gymnosperm trees and do not have pores; however, it relies on tracheid and medullary rays to transport and produce sap and water. This characteristic of softwood gives it a low density.

Softwood Chips
Softwood chips are recovered resources from the milling of pine trees and unusable timber, which are used for commercial purposes. The chips are used as weed suppressors and water retainers. Moreover, softwood chips are used as mulch and is effective when spread to a depth of 50–100mm.

Softwood Logs
Softwood logs are obtained from pine, spruce, and fir and has long fiber cells. The viscous nature of softwood logs allows them to be seasoned and dried in short time, making them accessible at low prices. The wood logs are easier and lighter to work with, as compared to hardwood.

Hardwood
Hardwood is obtained from Acacia, Aspen, Birch, Eucalyptus, Maple, Pacific albus, and Rubber trees. Hardwood fiber is short and thick. It has a high density compared to softwood. In paper production, fibers from hardwood provide opacity.

Hardwood Chips
Hardwood chips are traditional wood chips and well-known mulch material, which are used around shrubs and flower beds. The wood chips offer a traditional look and help in temperature control and moisture retention of the soil. These chips are thicker as compared to other mulch options.

Hardwood Logs
Hardwood logs are obtained from beech, birch, and maple trees. These logs offer clean burn with maximum output of heat. Hardwood logs are generally converted into wood pulp to produce paper.

Tall Oil
Tall oil is also known as tallol or liquid rosin and is viscid, yellow-black, and odorous. It is acquired as a by-product of wood pulp of the kraft process. The composition of tall oil differs depending on the type of wood used for production. Acid number is a common quality measure for tall oil. Pure pines have acid numbers ranging between 160–165, while mills using a mix of hardwoods and softwoods give acid numbers ranging between 125–135.

Regional Outlook
Based on regions, the pulpwood market is segregated into North America and Europe. The market in North America is projected to hold a key share of the pulpwood market, owing to rising government initiatives to replace plastic with paper. The market in Europe is anticipated to expand at a significant pace during the forecast period due to increasing number of paper manufacturers and pulpwood plantations in the region. Growing demand for green packaging or eco-friendly packaging solutions and rising use of pulpwood in packaging solutions are projected to drive the demand for pulpwood in Europe.

Key Benefits for Industry Participants & Stakeholders
• In-depth analysis of the North America and Europe pulpwood market
• Historical, current, and projected market size in terms of value and volume
• Potential & niche segments and regions exhibiting promising growth covered
• Industry drivers, restraints, and opportunities covered in the study
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Neutral perspective on North America and Europe pulpwood market performance

Segments

Key Segments Covered
By Types
• Softwood
o Chips
o Logs
• Hardwood
o Chips
o Logs
• Tall Oil
By Regions
• North America
o U.S.
o Canada
• Europe
o Germany
o France
o U.K.
o Italy
o Spain
o Russia
o Rest of the Europe

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Key Market Players Profiled in the Report
• Boise Cascade Company
• Canfor Corporation
• Danzer Holding AG
• Hampton Lumber
• Interfor Corporation
• Roseburg Forest Products
• Stora Enso Oyj
• Tolko Industries Ltd.
• UAB SASUPRA
• West Fraser Timber Co. Ltd.
• Weyerhaeuser Company

Compititive Landscape
• Key players in the market include Boise Cascade Company, Canfor Corporation, Danzer Holding AG, Hampton Lumber, Interfor Corporation, Roseburg Forest Products, Stora Enso Oyj, Tolko Industries Ltd., UAB SASUPRA, West Fraser Timber Co. Ltd., and Weyerhaeuser Company. These players are considered as key manufacturers in the market based on their different varieties of product availability, regional presence, better supply chain management system, and increasing demand for products.
• These players are adopting key strategies such as product development and geographical expansion to increase their presence in the silicone rubber cable market.
• In 2020, Boise Cascade Company acquired a facility with building structures in Gallatin, Tennessee. The acquisition was aimed at expanding the company’s operations in Nashville, Tennessee, which is considered as a strong housing growth industry in the US.
• In 2019, Boise Cascade Company divested its plywood facility in Moncure, North Carolina to Southern Veneer. The divestment was focused toward optimizing the company’s line of offerings.
• In 2020, Canfor Corporation, through its 70% owned subsidiary Vida Group, acquired three sawmills from Bergs Timber that are located in Sweden.
• In 2019, Hampton Lumber unveiled IoTree, its line of smart trees. IoTree is a voice-enabled and cloud-connected structure that offers seamless integration for playing music, activating LED lights, and browsing over the internet through voice-enabled technology.
• In 2021, Interfor Corporation announced the completion of previously announced acquisition of WestRock Company’s sawmill that is located in Summerville, South Carolina.
• In 2020, Stora Enso Oyj announced the launch of Box Inc, its digital B2B marketplace for corrugated packaging, which is made of renewable material. The platform is designed to help companies source packaging easily online and allowing suppliers to access new customers.

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