Global Pulp & Paper Sector Embraces ESG Projects

---

Researched by Industrial Info Resources (Sugar Land, Texas)--Traditional pulp, paper and wood demand sectors have been transforming, with growth in e-commerce driving paper packaging and labeling demand, offsetting the significant declines seen in publishing paper consumption. At the same time, there has been renewed interest in finding sustainable alternatives to plastic packaging, helping drive innovation in the pulp and paper sector.

As players in the pulp, paper, wood manufacturing industry gear up to meet this changing demand, there is greater focus on environmental, social and governance (ESG) with companies investing considerably toward mitigating traditional concerns surrounding the sector.

Effluent wastewater treatment is one such example. The Pulp, Paper & Wood Industry has typically had a higher reliance on water compared to other industries. Industrial Info is tracking nearly US$1.5 billion in investment across 195 projects globally that are directed at improving, adding, or expanding wastewater treatment systems for effluent management.

Other trends involve switching to biomass-based power and emissions reduction.

Brazil and Finland are the biggest markets driving this spend, together accounting for nearly 40% of the total investment in ESG projects currently being tracked.

Going forward, more planned ESG-related spending is expected to come into the picture, with continued focus on sustainability and reducing carbon footprints.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).