Press release
Unbleached Softwood Kraft Pulp Market is poised to expand at 4.6% CAGR over the forecast period by 2030
Pulp packaging is bio degradable and environment friendly as well as cost-effective to be used widely in the retail and logistics sectors. As a result, the global market is expanding consistently with the increase in demand from the packaging industry.
Unbleached softwood kraft pulp being the main sustainable raw material for the pulp and paper industry, has a broad range of applications starting from printing to wrapping, making it highly required all over the world. As the focus on restructuring of production units is increasing fast, the demand for unbleached softwood kraft pulp products are getting sky-high all over the world.
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Despite facing decline in market growth due to COVID-19 pandemic, global unbleached softwood kraft pulp market hold high potential to expand further in the coming years.
FMI offers an exhaustive overview of the global market as well as its growth drivers and restraints.
Some of the key takeaways from the report are highlighted below-
Northern unbleached softwood kraft pulp is anticipated to dominate the global market among all other product types
Grade-wise, chemical pulp is expected to maintain the lead throughout the forecast period
Packaging industry and other packaging products are anticipated to exhibit hegemony among all other applications during the forecast period
Packaging industry is set to emerge as the dominant end user among all other industries
Australia will dominate all other countries during the forecast period followed by New Zealand
Increase in concern for environment is expected to expand the green packaging solutions industry further, resulting in propelling the global market growth
COVID-19 Impact Analysis
Due to the outbreak of COVID-19 pandemic in the current year, the global market growth has declined due to the decrease in unbleached softwood kraft pulp products demand. The restraining factors such as non-operational manufacturing units, scarcity of raw materials, unavailability of enough manpower, financial crisis, job recession, and others have further decreased the market growth in the year 2021.
According to FMI, the global unbleached softwood kraft pulp market is anticipated to gain back its full potential by the first quarter of 2022.
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Who is Winning
In order to leverage the unbleached softwood kraft pulp market potential, the key market players are investing heavily with emphasis on launching quality products to target diverse end users.
For instance, Domtar Corporation has announced mill conversion in partnership with Kingsport in November, 2021 in order to produce more quality unbleached softwood kraft pulp. They have also released their LIGHTHOUSE® FLUFF PULP and PAPERGRADE PULP in year 2022 which are used worldwide for manufacturing various products such as baby diapers, adult incontinence products, feminine hygiene products, printing and writing products, tissues, towels, packaging grades, and others.
Canfor Corporation has launched their advanced ranges of Kodiak Kraft and polar kraft in the current year, which are manufactured from forest resource and popular for their high strength, efficiency, and fine northern fibers. Canfor Corporation has also been named a BC Top employer for the 7th year in 2022.
According to FMI, as the global market is growing fast by both its value and volume, the key market players are expected to experience tough competition in the coming years.
How has Covid-19 impacted the Unbleached Softwood Kraft Pulp Market?
COVID-19 has led to a change in consumer preferences and priorities as the focus now shifts towards the contact-less delivery and hygiene. Following social distancing and the other government policies enforced to curb the spread of this pandemic, the growth of unbleached softwood kraft pulp is likely to flourish owing to increased awareness amongst consumers regarding the origin and packaging of the products.
The products are delivered via corrugated boxes, cartons, liners, bags & sacks, etc., which can be sanitized to lessen the risk of the disease spread. Therefore, the demand for unbleached softwood kraft pulp, especially for packaging is anticipated to boost the unbleached softwood kraft pulp market.
Due to the ongoing outbreak, there can be a conservative scenario as per the unforeseen changes in the growth rate of considered factors. Current pandemic and disruption of supply chain are major factors that will have a significant impact on the sales of unbleached softwood kraft pulp across the globe.
Key Segments Covered in Unbleached Softwood Kraft Pulp Industry Research
Unbleached Softwood Kraft Pulp Market by Product Type
Northern
Southern
Others
Unbleached Softwood Kraft Pulp Market by Grade
Chemical Pulp
Mechanical Pulp
Other Pulp
Unbleached Softwood Kraft Pulp Market by Application
Printing and Writing
Newsprint
Packaging
Corrugated Boxes
Cartons
Liners
Bags and Sacks
Wrapping
Other Packaging Products
Tissue & Toilet Paper
Others
Unbleached Softwood Kraft Pulp Market by End-use
Packaging
Food and Beverages
Building and Construction
Agriculture and Allied Industries
Chemicals
Cosmetics and Personal Care
Electrical & Electronics
Other Consumer Goods
Non-Packaging
Unbleached Softwood Kraft Pulp Market by Region
North America Unbleached Softwood Kraft Pulp Market
Latin America Unbleached Softwood Kraft Pulp Market
Europe Unbleached Softwood Kraft Pulp Market
East Asia Unbleached Softwood Kraft Pulp Market
South Asia Unbleached Softwood Kraft Pulp Market
Oceania Unbleached Softwood Kraft Pulp Market
Middle East & Africa (MEA) Unbleached Softwood Kraft Pulp Market
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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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