Softwood Pulp Market is Expected to Grow at US$ 49.58 Billion by 2032

Demand in the global softwood pulp market is projected to exceed US$ 24.74 Bn in 2022, exhibiting growth at 7.2% CAGR between 2022 and 2032. In-depth market analysis by Fact.MR predicts that the demand for softwood pulp will reach US$ 49.58 Bn by the end of 2032.

Consumption of softwood pulp is anticipated to rise due to its increasing application in the production of paper products and dry tissues. Besides this, growing awareness regarding personal care and hygiene will propel the use of absorbent core products. This, in turn, will create lucrative opportunities for the market.

Subsequently, surging demand to substitute polyethylene with paper bags, especially in India, the U.S., and the U.K., is likely to create a conducive environment for the growth in softwood pulp market.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.factmr.com/connectus/sample?flag=S&rep_id=7179?PS

Further, rising birth rate and surge in geriatric population will improve the adoption of absorbent core products such as baby diapers and adult diapers worldwide. This is likely to boost the market over the coming years.

Additionally, growing presence of fast-moving consumer goods (FMCG) companies, such as Kao Corporation, P&G, and Kimberly Clark, especially in emerging economies such as China, is projected to give tailwinds to the softwood pulp market demand.

For instance, in 2020, sales of paper pulp in China, in terms of volume, was nearly 110 Mn MT. In addition to this, with increased production of printing paper, boards, and tissues in China, the country accounted for 50% of overall paper pulp consumption.

𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬:

• Softwood pulp market share is estimated to hold approximately 35% of the global pulp market value by 2032.
• Based on type, the demand for bleached softwood kraft pulp is expected to increase at CAGR of 7.2%.
• In terms of application, the dry tissue segment is presumed to lead the market with the sales of US$ 8.08 Bn during 2022-2032.
• By source, the bale segment is estimated to hold 68% of the market share by end of 2032.
• China softwood pulp market is estimated to register a market valuation of US$ 7.2 Bn during the forecast period.

𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬:

• Surging requirement of sustainable raw materials for various applications, such as printing, writing, packaging, and others, are steering the growth in softwood pulp market.
• Growing environmental concerns regarding the use of plastic is fueling the demand for green packaging solutions, thereby, boosting the sales of softwood pulp.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:

According to Fact.MR, Ahlstrom-Munksjo, UPM, and Arauco North America, Inc. are identified as prominent players, estimated to account for almost 32% of overall market share.

The growing inclination of consumers toward sustainable solutions is encouraging manufacturers to update their product lines. Apart from this, key companies are also adopting diverse strategies such as collaborations, partnerships, and acquisitions to expand their business.

𝐅𝐨𝐫 𝐢𝐧𝐬𝐭𝐚𝐧𝐜𝐞,

November 2021: Domtar Corporation entered into a partnership with Kingsport to develop unbleached softwood kraft pulp. The company also developed LIGHTHOUSE® FLUFF PULP and PAPERGRADE PULP in 2022, which is used in the diapers, tissues, packaging grades, and others.

In 2022, Canfor Corporation developed Kodiak Kraft and Polar kraft using renewable resources. The company has been recognized as one of the BC Top employers for the 7th time in 2022.

𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐛𝐲 𝐅𝐚𝐜𝐭.𝐌𝐑

• BillerudKorsnäs AB
• Ahlstrom-Munksjo
• Metsä Fibre
• UPM
• Arauco North America, Inc.
• Canfor Corp.
• Domtar Corporation
• Ilim Group
• Mercer International
• Port Townsend Paper Company
• Oji Paper Co. Ltd.
• Clearwater Paper Corp.
• Verso
• Klabin SA
• Stora Enso Ovi.
• Nanaimo Forest Products Ltd
• WestRock Company
• Rottneros AB
• Tembec Inc.

𝐌𝐨𝐫𝐞 𝐕𝐚𝐥𝐮𝐚𝐛𝐥𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐨𝐧 𝐒𝐨𝐟𝐭𝐰𝐨𝐨𝐝 𝐏𝐮𝐥𝐩 𝐌𝐚𝐫𝐤𝐞𝐭

Fact.MR, in its report, offers in-depth market analysis on the global softwood pulp market for the forecast period of 2022 to 2032. This study also reveals the growth opportunities and challenges in the softwood pulp market through multiple
segmentation as follows:

By Source:

Bale
Fluff

By Type:

Bleached Softwood Pulp
Northern bleached softwood kraft (NBSK)
Southern bleached softwood kraft (SBSK)
Unbleached Softwood Pulp
Semi-bleached Softwood Pulp

By Application:

Paper Production
Printing Paper
Thin Wrapping Paper
Translucent Paper
Oil Proof Paper
Map Paper
Offset Paper
Others

Absorbent Core Products

Baby Diapers
Adult Diapers

Feminine Hygiene Products

Sanitary Napkins
Under Pads
Breast Pads
Wet Wipes
Dry Tissues
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia & Oceania
Middle East & Africa

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬: https://www.factmr.com/connectus/sample?flag=RC&rep_id=7179?PS

𝐊𝐞𝐲 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐒𝐨𝐟𝐭𝐰𝐨𝐨𝐝 𝐏𝐮𝐥𝐩 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭

• Who are the manufacturers dominating the global softwood pulp market?
• Which region is estimated to lead the softwood pulp market?
• What is the expected market valuation of softwood pulp market in 2022?
• At what rate will the global softwood pulp market grow during the forecast period?
• What are the factors impeding the growth of the global softwood pulp market?
• What is the estimated market size of softwood pulp market during 2022-2032?

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This release was published on openPR.