NEW
YORK, June 26, 2024 /PRNewswire/ -- The
global pulp market size is estimated to grow by
USD 38.1 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of almost 3.53% during the forecast period. Increased
consumption of chemical wood pulp is driving market
growth, with a trend towards rising use of fluff pulp due
to increased absorbency. However, high costs involved in
production of pulp poses a challenge. Key market players
include Arctic Paper SA, Billerud AB, Canny Tissue Paper Industry,
Gulf Paper Manufacturing Co., Hitachi Ltd., International Paper
Co., Koch Industries Inc., Mercer International Inc., Metropolic
Paper Industries, Metsa Board Oyj, Nath Industries Ltd., Nine
Dragons Paper Holdings Ltd., Nippon Paper Industries Co. Ltd., Oji
Holdings Corp., Sappi Ltd., Shanying International Holding Co.
Ltd., Sinar Mas, Stora Enso Oyj, UPM
Kymmene Corp., and WestRock Co..
Get a detailed analysis on regions, market segments, customer
landscape, and companies- View the snapshot of this
report
Pulp Market
Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
3.53%
|
Market growth
2024-2028
|
USD 38.1
billion
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
3.38
|
Regional
analysis
|
North America, APAC,
Europe, South America, and Middle East and Africa
|
Performing market
contribution
|
North America at
33%
|
Key
countries
|
US, Brazil, Japan,
Sweden, and Finland
|
Key companies
profiled
|
Arctic Paper SA,
Billerud AB, Canny Tissue Paper Industry, Gulf Paper Manufacturing
Co., Hitachi Ltd., International Paper Co., Koch Industries Inc.,
Mercer International Inc., Metropolic Paper Industries, Metsa Board
Oyj, Nath Industries Ltd., Nine Dragons Paper Holdings Ltd., Nippon
Paper Industries Co. Ltd., Oji Holdings Corp., Sappi Ltd., Shanying
International Holding Co. Ltd., Sinar Mas, Stora Enso Oyj, UPM
Kymmene Corp., and WestRock Co.
|
Market Driver
The global pulp market experiences substantial growth due to the
increasing demand for diapers and hygiene sanitary pads. This trend
is driven by safety and health consciousness, as well as the
convenience of disposable options. In Latin America and Asia, where birth rates are rising, the
diapers industry is projected to expand by 50% by 2023.
Additionally, adult diapers for incontinence issues contribute to
market growth due to the growing population of elderly individuals.
The preference for comfortable, absorbent products fuels the demand
for fluff pulp, which is essential for the production of these
hygiene products.
The pulp market is currently experiencing significant growth in
various sectors. Production is increasing due to the high demand
for paper and paper products. Renewable energy, such as biomass and
hydroelectric power, is being used to power pulp and paper
factories, making the industry more sustainable. The use of
advanced technology, like automation and digitalization, is also on
the rise. This leads to increased efficiency and productivity.
Additionally, there is a trend towards the production of specialty
pulps, such as nanocellulose and microfibrillated cellulose, for
use in various industries, including biotech and electronics.
Overall, the pulp market is thriving, with innovations and
advancements driving progress.
Research report provides comprehensive data on impact of trend.
For more details- Download a Sample Report
Market Challenges
- The pulp market faces significant challenges due to the high
cost of energy consumption in production. Existing vendors invest
heavily in technology upgrades and acquisitions, leading to high
pulp production and energy usage. Energy conservation efforts
include utilizing by-products for power generation, but external
electricity sources remain necessary. A USD35 increase in electricity cost for 40
megawatt hours on the West Coast US poses a major challenge for
pulp and paper companies. This energy dependency makes the industry
vulnerable to price fluctuations, increasing production costs and
potentially hindering market growth.
- In the pulp market, several challenges persist. Production
processes require careful consideration, such as deforestation and
sustainability. The conversion of pulp to paper also presents
challenges, including the use of chemicals and energy consumption.
Additionally, pricing pressures and global competition can impact
profitability. Furthermore, digital transformation is disrupting
traditional paper markets, leading to shifts in demand.
Consequently, companies must adapt to remain competitive.
Innovation, efficiency, and sustainability are key to overcoming
these challenges and thriving in the pulp and paper industry.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
This pulp market report extensively covers market segmentation
by
- Application
- 1.1 Printing and writing paper
- 1.2 Tissue paper
- 1.3 Specialty paper
- 1.4 Packaging paper
- 1.5 Others
- Grade Type
- 2.1 Chemical pulp
- 2.2 Mechanical and semi-chemical pulp
- 2.3 Non-wood pulp
- Geography
- 3.1 North America
- 3.2 APAC
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Printing and writing paper- Pulp Market is a
thriving business that deals in the production and distribution of
various types of pulp. Our primary focus is on producing
high-quality pulp for paper manufacturing. We source raw materials
from reliable suppliers and employ advanced technology to ensure
consistent product quality. Our team of skilled professionals works
diligently to meet customer demands in a timely and efficient
manner. We maintain strong relationships with our clients and
strive to deliver superior value through our competitive pricing
and excellent customer service.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
The pulp market encompasses a significant role in various
industries, including food and beverage, personal care, and paper
packaging. Eco-friendly packaging products have gained consumer
inclination due to anti-plastic sentiments, leading to an increased
demand for pulp-based alternatives. Forest-based and agricultural
raw materials, such as wood, bamboo, rice husk, and wheat straw,
are commonly used as pulp sources for paper packaging materials and
writing paper. However, the use of chemical pulp derived from
deforestation remains a concern for environmental sustainability.
Recycling infrastructure plays a crucial role in reducing the pulp
industry's environmental footprint. The largest industry sectors
utilizing pulp are kitchens, toilets, and households for personal
hygiene and sanitation purposes.
Market Research Overview
The Pulp Market refers to the global trade of pulp, a wood or
plant-derived product used in the production of paper and other
industrial applications. Pulp is produced through various
processes, including mechanical and chemical methods. The industry
is driven by factors such as increasing demand for paper products,
growing population, and economic development. Pulp is categorized
based on its source, including hardwood and softwood pulp. The
market is also segmented by application, including paper and board,
packaging, and other industrial uses. Producers of pulp include
various countries and regions, each with unique production
capacities and technologies. Consumption of pulp is influenced by
economic conditions, population growth, and environmental
regulations. The pulp market is expected to continue growing due to
increasing demand for paper and other industrial applications.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Printing And Writing Paper
- Tissue Paper
- Specialty Paper
- Packaging Paper
- Others
- Grade Type
-
- Chemical Pulp
- Mechanical And Semi-chemical Pulp
- Non-wood Pulp
- Geography
-
- North America
- APAC
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio