| Rank | Logo | Company | Market Cap | Country |
|---|---|---|---|---|
| 1 | Klabin | $25.59 B | Brazil | |
| 2 | International Paper | $18.00 B | USA | |
| 3 | UPM-Kymmene | $15.33 B | Finland | |
| 4 | Suzano | $12.02 B | Brazil | |
| 5 | Stora Enso | $8.93 B | Finland | |
| 6 | Svenska Cellulosa Aktiebolaget (SCA) | $8.21 B | Sweden | |
| 7 | Holmen | $5.43 B | Sweden | |
| 8 | Valmet | $5.38 B | Finland | |
| 9 | Oji Holdings | $4.95 B | Japan | |
| 10 | Mondi | $4.71 B | UK | |
| 11 | Nine Dragons Paper | $4.35 B | China | |
| 12 | Empresas CMPC | $3.49 B | Chile | |
| 13 | Kemira | $3.23 B | Finland | |
| 14 | Indah Kiat Pulp & Paper | $3.06 B | Indonesia | |
| 15 | The Navigator Company | $2.65 B | Portugal | |
| 16 | Celulosa Argentina | $1.99 B | Argentina | |
| 17 | Semapa | $1.93 B | Portugal | |
| 18 | MM Group (Mayr-Melnhof AG) | $1.89 B | Austria | |
| 19 | BillerudKorsnäs | $1.88 B | Sweden | |
| 20 | Metsä Board | $1.84 B | Finland | |
| 21 | Sylvamo | $1.53 B | USA | |
| 22 | Altri | $1.07 B | Portugal | |
| 23 | Japan Pulp and Paper Company | $0.77 B | Japan | |
| 24 | Sappi | $0.66 B | South Africa | |
| 25 | ENCE Energía y Celulosa | $0.62 B | Spain | |
| 26 | Miquel y Costas & Miquel | $0.60 B | Spain | |
| 27 | JK Paper | $0.60 B | India | |
| 28 | Mativ Holdings | $0.45 B | USA | |
| 29 | Nordic Paper | $0.33 B | Sweden | |
| 30 | West Coast Paper Mills | $0.29 B | India | |
| 31 | Iberpapel Gestión | $0.24 B | Spain | |
| 32 | Clearwater Paper | $0.20 B | USA | |
| 33 | Arctic Paper | $0.15 B | Poland | |
| 34 | Tamil Nadu Newsprint and Papers Limited | $96.72 M | India | |
| 35 | Mercer International | $87.07 M | Canada | |
| 36 | Kuantum Papers | $74.19 M | India | |
| 37 | Rottneros | $67.38 M | Sweden | |
| 38 | Orient Paper Mills | $36.28 M | India |
Largest pulp and paper companies by market cap




