The global pulp market is anticipated to witness a healthy growth rate over the coming years. According to a recently published report by Transparency Market Research (TMR), the worldwide pulp market comprises of a large number of players, rendering its landscape extremely competitive. Market vendors are expected to focus on improving their product quality and resort to competitive pricing as well, to enhance their position in the market. A number of established market players are seen engaging in expansion of their facilities so as to enter into long term contracts with users. Key players profiled in TMR’s report include Nippon Paper Group, Rayonier Advanced Materials, UPM-Kymmene, Packaging Corporation of America, and Oji Paper, among others.
Our report predicts that the revenues from the sales of pulp will touch US$60,000 mn by the end of 2026. Over the forecast period of 2017 to 2026, the market is foretold to rise at a steady 3.7% CAGR.
Chemical wood pulp has been witnessing an immense surge in applications, especially in the production of high-quality paper. A number of processes, such as the semi-chemical pulping aid preparation of neutral solutions which are utilized for cooking wood chips, are providing traction to this market. Moreover, semi-chemical wood pulp is relatively cost effective as compared to pulp produced from other chemical methods. Semi-chemical wood pulp has myriad applications such as manufacturing paperboards, magazines, cartons, fine paper, and tissue paper.
Geographically, the growing demand for paper-based products has propelled the Asia Pacific Excluding Japan region to the forefront, with the market vendors in in this region concentrating on enhancing their pulp production capacity. In addition, high chemical pulp production and export, along with soaring demand for paper will augment demand for pulp in APEJ.
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Demand for Tissue Paper to Provide Lucrative Growth Opportunities
Tissue paper is an essential item for maintaining hygiene, on account of which their demand is expected to surge, thereby boosting the growth of the global pulp market. Besides, the flourishing packaging industry all over the world, thus along with t pulp for hygiene products, is expected to provide a considerable boost to the global pulp market. While still a smaller market, pulp for textile applications is growing and is expected to contribute substantially in the coming years.
Pulp is widely used for the production of primary and secondary packaging solutions, on account of its cost-effectiveness and high cushioning and protective properties. Facilitated reprocessing of pulp along with its biodegradability further creates enormous opportunities for utilization of pulp in packaging solutions. As pulp packaging is emerging as one of the effective “green” packaging solutions, companies focusing on projecting an eco-friendly brand image are increasingly adopting pulp packaging products. Demand for pulp packaging will remain robust among a wide range of end-use industries.
