Introduction
In a world striving for sustainable solutions, the Unbleached Softwood Kraft Pulp Market has emerged as a critical player. This versatile material is vital for various industries and holds a promising future. In this comprehensive article, we delve into this market, exploring its production, applications, and the sustainability it brings to the table.
Future Market Insights forecasts that the global unbleached softwood kraft pulp market will reach a valuation of approximately US$ 1,481.5 million in 2023 and is projected to grow at a steady compound annual growth rate (CAGR) of 4.6% from 2023 to 2033.
Europe continues to dominate the market with a valuation of US$ 422 million in 2023. Despite a projected decline in the Compound Annual Growth Rate (CAGR) from 3.8% between 2018 and 2022 to 3.6% during the forecast period, the region exhibits significant potential. This is attributed to the extensive utilization of unbleached kraft liner board, a robust packaging material derived from agricultural resources, extensively employed across various sectors. The resilience of the European market is rooted in the versatility and reliability of unbleached kraft liner board, reflecting its continued relevance and demand. Despite a marginal dip in growth rate, Europe remains a key player in the market, showcasing the enduring importance of sustainable and robust packaging solutions in the region.
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Key players
- Stora Enso Ovi.
- Canfor Corporation
- Ahlstrom-Munksjo
- Nippon Paper Industries Co., Ltd
- Domtar Corporation
- Arauco North America, Inc.
- Ilim Group
- Rottneros AB
- Port Townsend Paper Company
Key Takeaways
- In 2023, the United States is expected to develop significantly in the unbleached softwood kraft pulp market, with a size of US$ 286 million.
- The unbleached softwood kraft pulp market was significantly expanding, with a size of US$ 1,431 million in 2022.
- Market shows amazing opportunities due to the rising need for sustainable options, and expects a Y-o-Y growth of 3.1% in 2023.
- The market in China is anticipated to expand at an adequate CAGR of 6% by 2033.
- In 2023, Germany is likely to expand in the unbleached softwood kraft pulp market, with a size of US$ 57 million.
- Canada is anticipated to expand at an adequate CAGR of 4.5% by 2033.
- The expansion in the United Kingdom is anticipated to expand at an adequate CAGR of 3.9% by 2033.
- Based on the end use, the packaging industry is likely to lead the market and expects a size of US$ 1,314 million in 2023.
- Based on the product type, the northern segment continues to dominate the sector during the forecast period, with a CAGR of 4.4%.
Key Strategies in the Industry
The unbleached softwood kraft pulp market is highly competitive and home to numerous prominent companies. These businesses compete on the basis of elements including product quality, cost, and customer service.
- Stora Enso Ovi,
- Canfor Corporation,
- Ahlstrom-Munksjo,
- Nippon Paper Industries Co., Ltd,
- Domtar Corporation, and
- Arauco North America, Inc.
are some leading key players in the market. To drive market expansion, industrial facilities are increasingly reorganizing their existing production bases. Unbleached softwood kraft pulp is widely used across a variety of industries, which is the motivation for large production.
Recent Developments
- In order to serve the food packaging industry, Rottneros AB released their complete line of Rottneros’ molded and recyclable fiber trays in November 2020. These trays are made of unbleached softwood kraft pulp.
- Stora Enso Ovi has presented a variety of unbleached softwood kraft pulp products, including NBSK and BHKP pulp.
- Food and Beverages
- Building and Construction
- Agriculture and Allied Industries
- Chemicals
- Cosmetics and Personal Care
- Electrical & Electronics
- Other Consumer Goods
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Key Segments
By Product Type:
- Northern
- Southern
- Others
By Grade:
- Chemical Pulp
- Mechanical Pulp
- Other Pulp
By Application:
- Printing and Writing
- Newsprint
- Packaging
- Corrugated Boxes
- Cartons
- Liners
- Bags and Sacks
- Wrapping
- Other Packaging Products
- Tissue & Toilet Paper
- Others
By End-use:
- Packaging
- Non-Packaging
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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