The Pulp and Paper Industry is a global industry that produces paper and paper-based products from wood pulp and other plant fibers. It is one of the largest industries in the world, with an estimated annual production of over 400 million tons of paper and paperboard. The industry is highly competitive and is characterized by a large number of small and medium-sized companies. The industry is divided into two main sectors: the pulp and paper sector, which produces pulp and paper products, and the paper converting sector, which produces finished paper products.