Largest Paper and Pulp Companies by Market Cap
Packaging now accounts for roughly two-thirds of all paper industry output by volume, making pulp and paper companies far more than producers of printing sheets. The sector spans North America, northern Europe, Brazil, and East Asia — regions that together dominate global pulp and paper production.
The largest paper and pulp companies operate across a wide range of products and geographies:
- Suzano — headquartered in Brazil, it is the largest pulp and paper company in Latin America, with business units spanning cellulose, tissue, and biotechnology.
- International Paper — a U.S.-based company founded in 1898 through the merger of several pulp and paper mills, now also a major corrugated packaging producer after acquiring DS Smith.
- Smurfit Westrock — formed by the merger of Smurfit Kappa and WestRock, this Dublin-headquartered company operates more than 500 sites and 63 paper mills across 40 countries. It is listed on both the NYSE and the London Stock Exchange.
- UPM-Kymmene & Stora Enso — two Finnish companies; Stora Enso also produces bio-based materials and chemicals alongside traditional paper and packaging.
- Oji Holdings — founded in 1873 in Japan, one of the world’s largest paper manufacturers, operating across packaging, specialty papers, and energy.
- Mondi — a UK-headquartered producer of containerboard, industrial bags, and specialty kraft paper sold worldwide.
The industry’s product mix has shifted decisively toward packaging and tissue, while graphic and printing paper volumes are in structural decline due to digitalization. Companies like Stora Enso are also expanding into biomaterial alternatives to plastics.
Regulated brokerThe table below lists the largest paper and pulp companies ranked by market capitalization. It includes only publicly traded companies, and all data — price, market cap — is updated regularly to reflect current market conditions.
| Stock | Price | Change % | Marketcap |
|---|---|---|---|
 UPM-Kymmene UPM.HE | $27.65 | 2.51% | 14.58B |
 Celulosa Argentina CELU.BA | $0.202 | 1.40% | 0.00204T |
 International Paper IP | $36.82 | 1.83% | 19.50B |
 Suzano SUZ | $8.39 | 1.33% | 10.36B |
Stora Enso STEAV.HE | $11.09 | 2.22% | 8.75B |
Svenska Cellulosa Aktiebolaget (SCA) SCA-B.ST | $10.66 | 1.04% | 7.49B |
 Mondi MNDI.L | $9.52 | 1.10% | 0.042B |
 Valmet VALMT.HE | $25.58 | 0.53% | 4.71B |
 Holmen HOLM-B.ST | $32.37 | 0.51% | 4.97B |
Empresas CMPC CMPC.SN | $1.18 | 1.32% | 0.00294T |
MM Group (Mayr-Melnhof AG) MYM.F | $91.12 | 0.38% | 1.77B |
Indah Kiat Pulp & Paper INKP.JK | $0.421 | 4.17% | 0.0023T |
Metsä Board METSA.HE | $4.93 | 0.23% | 1.75B |
 Kemira KEMIRA.HE | $20.03 | 0.46% | 2.90B |
 The Navigator Company NVG.LS | $3.99 | 0.06% | 2.83B |
 BillerudKorsnäs BILL.ST | $6.46 | 0.57% | 1.61B |
Sylvamo SLVM | $39.66 | 0.18% | 1.58B |
Sappi SAP.JO | $0.669 | 1.88% | 0.00406B |
Semapa SEM.LS | $25.39 | 0.23% | 2.03B |
 Altri ALTR.LS | $5.70 | 0.20% | 1.17B |
Mativ Holdings MATV | $7.92 | 1.54% | 436.53M |
Mercer International MERC | $0.859 | 2.78% | 57.54M |
Clearwater Paper CLW | $16.79 | 0.54% | 270.74M |
 West Coast Paper Mills WSTCSTPAPR.NS | $5.44 | 1.44% | 0.36B |
Arctic Paper ARP.ST | $1.57 | 0.20% | 0.108B |
 Rottneros RROS.ST | $0.214 | 0.24% | 57.25M |
Kuantum Papers KUANTUM.NS | $0.801 | 1.86% | 0.07B |
 Orient Paper Mills ORIENTPPR.NS | $0.186 | 0.85% | 0.04B |