The hardwood pulp market is anticipated to record a CAGR of 3.5% during the forecast period. It is expected the market value will go up from US$ 170 Billion in 2021 to reach a valuation of US$ 242 Billion by 2032.
The thriving market of the packaging industry is expected to exhibit a steep decline in sales during the lockdown period owing to the shutdown of the manufacturing units, acute shortage in the supply of raw materials and absence of potential manpower.
It can be deduced from the current situations brought about by the pandemic that the production, and supply chain activities have experienced minor hurdles. However, the market is projected to gradually recover post-COVID-19, which will present attractive opportunities for sales across various regions of the world in the following years.
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Hardwood Pulp Market: Key Players
The key players of hardwood pulp market are as follows:
- Centralpaper Finland
- Rayonier Advanced Materials
- Nippon Paper Group
- UPM Pulp
- Domtar Inc.
- Stora Enso Oyj
- Irving Pulp & Paper Ltd.
- Cenibra – Celulose Nipo-Brasileira
- CMPC CELULOSA S.A.
- Ilim Pulp Group
- Resolute Forest Products
The Hardwood Pulp market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Regional analysis includes –
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia
- Middle East & Africa (MEA)
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Hardwood Pulp Market: Understanding the Market Dynamics
The Hardwood Pulp Market has witnessed substantial growth in recent years, driven by the increasing demand for paper products and packaging materials. This section analyzes the market dynamics and factors influencing its growth.
- Rising Demand for Sustainable Packaging Materials- The growing awareness and emphasis on sustainable packaging solutions have fueled the demand for hardwood pulp. With consumers becoming more environmentally conscious, industries are actively seeking sustainable alternatives to meet their packaging requirements. Hardwood pulp, being a biodegradable and renewable resource, has emerged as an ideal choice for manufacturing eco-friendly packaging materials.
- Technological Advancements in Pulp Manufacturing Processes- Technological advancements have revolutionized the pulp manufacturing processes, making them more efficient and environmentally friendly. Improved techniques in pulping and bleaching have enhanced the quality and yield of hardwood pulp. Moreover, innovations in chemical recovery systems have reduced energy consumption and minimized environmental impacts, further driving the growth of the hardwood pulp market.
- Growing Paper Industry- The paper industry is a major consumer of hardwood pulp. As the demand for paper products continues to rise, the hardwood pulp market is experiencing substantial growth. The increasing use of paper in packaging, printing, and writing applications, along with the surge in e-commerce activities, has created a significant demand for hardwood pulp.
- Expansion of E-commerce and Retail Sector- The rapid expansion of the e-commerce and retail sectors has stimulated the demand for packaging materials. Hardwood pulp is extensively used in the production of corrugated boxes, cartons, and other packaging solutions. With the global e-commerce industry projected to grow exponentially, the hardwood pulp market is expected to witness sustained growth.
Hardwood Pulp Market: Segmentation
The hardwood pulp market can be segmented on the basis of pulping process, bleaching process, grades, and application as follows:
On the basis of pulping process, the global market is segmented as:
- Mechanical
- Chemical
- Sulphate
- Sulphite
- Semi-chemical
On the basis of bleaching, the global market is segmented as:
- Chlorine Bleaching (Chlorine gas & Hypochlorite)
- Totally Chlorine Free (TCF)
- Elemental Chlorine Free (ECF)
- Oxygen/Ozone Bleached
On the basis of application, the global market is segmented as:
- Packaging Paper
- Cartonboard
- Corrugated board
- Flexible Paper
- Tissue Paper
- Graphic Paper (Writing and Printing)
- Newsprint Paper
- Specialty
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