Press release
Global Pulp Mills Market Comprehensive Study: Forecasted Market Size And Growth Rate | International Paper Company, Stora Enso Pulp AB, WestRock Company, Georgia-Pacific Pulp and Paper LLC
Pulp Mills Market Characteristics
The Business Research Company offers in-depth market insights through Pulp Mills Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The pulp mills market size has grown strongly in recent years. It will grow from $85.53 billion in 2023 to $92.5 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to paper and pulp demand, forestry and timber industry, global economic trends, packaging industry requirements, regulatory compliance..
The pulp mills market size is expected to see strong growth in the next few years. It will grow to $124.44 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to evolving packaging solutions, sustainable pulp production, global shift towards e-commerce, bio-based products demand, circular economy initiatives.. Major trends in the forecast period include focus on energy efficiency and emission reduction, integration of digitalization for process optimization, development of biodegradable and specialty pulp products, global expansion and diversification of pulp markets, emphasis on circular economy models in pulp production..
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Market Segmentation:
The pulp mills market market covered in this report is segmented -
1) By Source: Wood Pulp or Virgin Fiber Pulp, Non-Wood Pulp, Recycled Pulp or De Inked Pulp
2) By Grade: Mechanical, Chemical, Semi-Chemical,
3) By End User: Packaging Manufacturers, Publishers And Stationery Manufacturers, Sanitary And Household Product Manufacturers.
Major Driver - Demand For Sustainable Pulp-Based Products Fueling Pulp Mills Market Growth
The consumer inclination towards pulp-based products is expected to propel the growth of the pulp mills market going forward. The rise in consumer inclination toward pulp-based products is due to their sustainability, biodegradability, cost-effectiveness, and versatility. Pulp-based products are preferred over plastic by consumers because of rising environmental consciousness leading to an increase in demand for sustainable and environment-friendly products. For instance, In June 2022, according to the article 'Issue with Tissue 2.0' published by the Natural Resources Defense Council of the USA, 75% of the products manufactured in the tissue industry are made up of pulp. Around 60% of consumers prefer tissues made from natural fiber. Therefore, consumer inclination towards pulp-based products is driving the growth of the pulp mill market.
Competitive Landscape:
Major companies operating in the pulp mills market market report are International Paper Company, Stora Enso Pulp AB, WestRock Company, Georgia-Pacific Pulp and Paper LLC, Nippon Paper Industries Co. Ltd., Oji Holdings Corporation, Sappi Global - South African Pulp and Paper Industries Limited, UPM-Kymmene Corporation, Sonoco Products Company, Suzano Papel e Celulose S.A., PT. Indah Kiat Pulp & Paper Tbk, BillerudKorsnas AB, Canny Tissue Paper Industry LLC, Gulf Paper Manufacturing FZCO, Kimberly-Clark Corporation, Nine Dragons Paper (Holdings) Limited, Smurfit Kappa Group plc, Mondi Group plc, Svenska Cellulosa Aktiebolaget SCA, Metsä Board Corporation, Lee & Man Paper Manufacturing Limited, Rottneros AB, Domtar Corporation, Canfor Pulp Products Inc., Mercer International Inc., Resolute Forest Products Inc., Asia Pulp & Paper Co. Ltd., Fibria Celulose S.A., Klabin S.A., CMPC Celulosa S.A., Celulosa Arauco y Constitución S.A., Eldorado Brasil Celulose S.A., SCA Tissue North America LLC, Clearwater Paper Corporation, Verso Corporation, P.H. Glatfelter Company, Catalyst Paper Corporation, Heinzel Holding GmbH
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Top Trend - Embracing Sustainability In The Pulp Mills Market Through Innovative Packaging Solutions
Sustainability among packaging manufacturers is a key trend gaining popularity in the pulp mills market. Companies operating in the manufacturing and packaging market are focusing on sustainable packaging to sustain the market due to emerging concerns towards environment-friendly packaging. For instance, in September 2022, Stora Enso, a Finland-based manufacturer of pulp, paper and other forest products, launched Papira. Papira is lightweight foam made from pulp fibres and a recyclable substitute for packing foam made of fossil fuels. The substance won't cause pollution if it ends up in the environment, according to its reported biodegradability.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Pulp Mills Market Characteristics
3. Pulp Mills Market Trends And Strategies
4. Pulp Mills Market - Macro Economic Scenario
5. Pulp Mills Market Size And Growth
…..
27. Pulp Mills Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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