The pulp, paper, and forest products industry endured another year of uncertainty and significant change in 2025. From new tariffs and widespread mill closures to persistent overseas overcapacity, the market experienced profound and ongoing transformation. …Below are seven predictions we believe will shape the pulp, paper, and forest products industry in 2026.

• Supply Chain Transparency Will Deepen Despite Regulatory Delays
• Chinese Overcapacity and Exports Will Reshape Global Trade and Pricing
• Carbon Ownership Will Become a Major Source of Value and Conflict
• Financial Stress Will Accelerate Consolidation and Privatization
• Lumber Markets Will Remain Under Pressure Until Capacity Exits
• Containerboard Markets Will Tighten in Late 2026, While Paperboard Struggles
• Latin American Buyers Will Gain an Advantage in US Asset Acquisitions