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Pulp Market to Showcase Decent Growth in the Coming Years
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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.
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.
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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.
About TMR
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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