Top 10 Forest Products Companies in the World in 2021 by Revenue

Olam International Ltd, International Paper Co, Sumitomo Forestry Co Ltd, Stora Enso Oyj, and UPM-Kymmene Corp are the top 5 forest products companies in the world in 2021 by revenue. Cumulatively, the top 10 forest products companies in the world generated revenue of $133,630 million, with average revenue growth of 33.0%, where the highest revenue was generated by Olam International Ltd ($34,985 million), followed by International Paper Co ($19,363 million), while the lowest increases were registered by Nippon Paper Industries Co Ltd ($6,767 million). The highest revenue growth was registered by West Fraser Timber Co Ltd (140.5%), followed by UFP Industries Inc (67.6%), while Oji Holdings Corp reported a decline in its revenues by 9.9%. In terms of the geographical split, 4 out of the world's top 10 forest products companies are based in Asia, while 4 are based in North America, and the remaining 2 company is based in Europe. They employed a total of 267,904 people in 2021. Singapore-based Olam International Ltd is the leading forest products company in the world (by revenue). The company reported revenues of $34,985 million for the fiscal year ended December 2021 (FY2021), an increase of 31.2% over FY2020. The company is engaged in processing and distributing agricultural products and food ingredients. It also is involved in sourcing, primary processing, packaging, and marketing of agricultural products and food ingredients. Olam also provides commodity financial services and fund management businesses, and the company employs 81,650 people. International Paper Co is one of the leading forest products companies in the world (by revenue). The company reported revenues of $19,363 million for the fiscal year ended December 2021 (FY2021), an increase of 10.2% over FY2020. The company is a producer of pulp and paper, and fiber-based packaging products. Its key products offerings include paper, pulp, consumer packaging and industrial packaging. It has over 25,000 Customers in 150 Countries and employed 38,200 people.