Pulp Market is estimated to reach USD 332 Bn by 2030

Pulp Market: Introduction

Transparency Market Research delivers key insights for the global pulp market in the newly published report, which includes a holistic view of the size, growth, share, trends and forecast between 2022 and 2027. The global sales of pulp are anticipated to reach US$ 269 Bn in 2022 and witness impressive growth and reach US$ 332 Bn in 2027.

The global pulp market is projected to witness significant growth over the forecast period between 2022 and 2027, and is expected to grow at CAGR of 4.3%. In comparison with the historic growth of CAGR of 3.7% between 2014 and 2021. The rise in consumer inclination toward the usage of pulp-based products such as newsprints, corrugated boxes, and tissues is witnessing a sharp rise day by day, driven by the environmental friendliness of the pulp.

𝐆𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.transparencymarketresearch.com/pulp-market.html

Regulatory authorities of the governments across the globe are also supporting various initiatives to educate more people on limiting the usage of harmful pollutants, the abovementioned missions are also supported by various NGOs. All these factors are promoting the usage of pulp above the usage of pollutant materials such as metal and plastics.

Development of Alternative and Sustainable Raw Materials

Key players are finding new ways of adopting sustainable and eco-friendly raw materials for paper packaging. The growing intolerance of single-use paper waste and illegal deforestation has led to the development of new raw materials for packaging and sanitary paper production. Tree-free pulp is estimated to witness fast-paced growth over the next five years, due to intensive research & development by key players in the pulp industry.

Tree-free raw materials include non-wood pulp sources such as leaf, grass, and seed pulp. The consumption of non-wood pulp is increasing rapidly as compared to wood pulp, owing to adoption from packaging companies to manufacture paper packaging products.

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐟𝐨𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=40241 

Shifting Consumer Preference for Lightweight Paper Packaging over Conventional Metal Packaging

The globally renowned manufacturers across the packaging industry are always in search of eco-friendly, convenient, and re-usable packaging products. Paper packaging is considered as most preferred and popular lightweight and re-usable packaging option, which attracts several end-use industries due to its numerous benefits. Major industries across the globe are targeting to reduce the weight of packaging to reduce overall energy consumption, cost of production, and logistics overheads incurred in it.

Packaging made of paper remains the primary choice of manufacturers to pack grains, sugar, cheese, flour, and many other products. Primarily the innovation-driven food & beverage industry is relying heavily upon the lightweighted packaging products, which are made of using different combinations of pulp.

Packaging made of paper and pulp can easily replace the conventional packaging made of steel & other metals. In comparison with pulp, materials such as steel and other metals are expensive and harmful to the environment; on the other hand, pulp is biodegradable and lighter in weight. Moreover, the cost-effectiveness of the pulp also motivates different packaging manufacturers and end-user to switch over to paper packaging. In addition, consumer surveys reveal that paper packaging provides a much eye-catching and premium look to the final product.

Pulp Market: Competition Landscape

Key market players across the global pulp market are investing heavily to acquire advanced production technology and expanding their production capacities to cater for the ever-growing demand for pulp. Moreover, giants in the market are using acquiring domestic players in foreign countries to expand their global footprint and achieve increased market share.

For instance, in February 2022, WestRock Company announced the construction of a new facility for the production of corrugated boxes in the Pacific Northwest to meet the growing regional demand in the region.

In January 2022, Stora Enso Oyj announced to invest US$ 45 Mn in advanced technology and restructuring of the existing pulp production site in Skutskar, Sweden. The company targets better climate footprint and cost efficiencies to align with group goals.

𝐈𝐦𝐦𝐞𝐝𝐢𝐚𝐭𝐞 𝐃𝐞𝐥𝐢𝐯𝐞𝐫𝐲 𝐀𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞 | 𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.transparencymarketresearch.com/checkout.php?rep_id=40241<ype=S 

In May 2021, Mondi Group Plc acquired Olmuksan International Paper Ambalaj Sanayi ve Ticaret A.Ş from International Paper Company for US$ 74 Mn.

The tier structure analysis is formulated based on segmental revenue and market share of the respective company. Tier 1 includes WestRock Company, International Paper Company, Stora Enso Pulp AB, and Georgia-Pacific Corporation. Moreover, Kimberly Clark Corporation, Oji Holdings Corporation, Nippon Paper Group, Asia Pulp and Paper Group, and UPM are in tier 2. Tier 3 comprises Nordic Paper Holding AB, Mercer International Group, Metsä Board Corporation, BillerudKorsnäs AB, Nine Dragons Paper Limited, Sappi Group, etc.

Global Pulp Market Segmentation

Pulp Market by Pulp Source

Wood Pulp

Softwood

Hardwood

Non Wood Pulp

Straw (Corn, Wheat, Rice etc.)

Bast (Flex, Jute, Hemp, Kenaf, etc.)

Leaf (Sisal, Palm, etc.)

Seeds (Cotton, Coir, etc.)

Grass (Bamboo, Reeds)

Others

Recycled Pulp/De-inked Pulp

Pulp Market by Grade

Mechanical Pulping

Chemical Pulping

Others

Pulp Market by End Use

Packaging

Food & Beverages

Personal Care & Cosmetics

Pharmaceutical

Automotive

Others

Print Media

News Printing

Book/Magazine Printing

Advanced Printing

Tissue

𝐂𝐥𝐢𝐜𝐤 𝐅𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=40241 

Pulp Market by Region

North America

Latin America

Europe

Asia Pacific

Middle East & Africa

Trending Reports:

Packaging Printing Market: Packaging Printing Market is expected to surpass the value of US$ 441.1 Bn by 2030, expanding at a CAGR of 4.7% during the forecast period.

Plastic Adhesive Tapes Market: Plastic Adhesive Tapes Market is expected to surpass the value of US$ 41.1 Bn by 2030, expanding at a CAGR of 4.1% during the forecast period.

Metal Pails Market: Metal Pails Market is expected to surpass the value of US$ 9.2 Bn by 2030, expanding at a CAGR of 4.3% during the forecast period.

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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