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According to IBISWorld, the price of wood pulp is forecast to rise even further at an annualized rate of 5.1% in the three years to 2019. The rising price of wood pulp will also be reflected in the domestic price of paper, which is projected to grow at an annualized rate of 3.2% in the next three years.  In 2015, global wood pulp prices climbed past the previous peak from 2011, which was the highest price point in more than 30 years. Unfortunately for manufacturers that rely on the material as an input, especially paper-based packaging manufacturers, higher wood pulp prices have been increasing their production costs.