Chemical Pulp Market size is forecast to reach $10.7 billion by 2025, after growing at a CAGR of 5.9% during 2020-2025. With rise in the consumption of paper in educational & corporate sector the chemical pulp market is expected to grow in the forecast period. Implementation of stringent government regulations related to digitalization will lower down the market growth for Chemical Pulp in the near future.
Chemical Pulp Market Segment Analysis – By Type
Brown Pulp holds the largest share in the chemical pulp market. Brown pulp have variety of products such as paper box, beverage cup, cutlery & straw, packaging bags, and many others. Brown pulp highly used for packaging and it is also a alternative for plastic in the market, which is eventually driving the market growth for brown pulp. Molded pulp, also named molded pulp or molded fiber, is a packaging material, typically made from recycled paperboard and/or newsprint. It is used for protective packaging or for food service trays and beverage carriers. Other typical uses are end caps, trays, plates, bowls and clamshell containers. The raw materials for pulp packaging are mainly sugarcane bagasse, recycled paper or other natural fiber. They are completely biodegradable, compostable and renewable.
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Chemical Pulp Market Segment Analysis – By Application
Packaging paper sector has been the primary market for Chemical Pulp market. vast range of paper sheets and rolls for all your wrapping and packing needs. Manufactured from the highest quality materials we can supply papers for wrapping, padding, protecting, void filling and presentation needs. One of the most versatile paper products is tissue paper, ideal for use as wrapping paper, filler paper or for general craft use. It offers a large choice of bleed free colors, all machine finished chlorine and acid free tissue paper. It is a purpose designed dispenser box containing a roll of high-grade packing paper in roll form. Lightweight and easy to store this paper roll dispenser box is proving to be a hit in fulfilment and pick and pack operations and can be moved around the warehouse or dispatch department, whenever a paper roll packing solution is needed. To utilize this type of paper packing product, but who need high volume or continuous paper.
Chemical Pulp Market Segment Analysis – By Geography
APAC dominated the Chemical Pulp market with a share of more than xx%, followed by North America and Europe. China and India are the major players of Chemical pulp market in this region. Chemical pulping removes lignin from lignocellulose. The resulting cellulose fibers may be used for paper production, or ‘chemical cellulose’ for manufacturing cellulose derivatives such as carboxymethyl cellulose. Pulping conditions tend to be so harsh that hemicellulose is hydrolyzed and removed from the fiber. Softwoods are generally preferred for paper manufacturing because of their long fibers, but hardwoods and agricultural residues (e.g., bagasse) may also be pulped. Pulping necessarily requires that the lignin be cleaved into smaller fragments which may be washed away from the fiber.
Chemical Pulp Market Drivers
Alternative for plastics
The bio-plastic dubbed Arboform, derived from wood pulp-based lignin, can be mixed with hemp, flax or wood fibers and other additives such as wax to create a strong, nontoxic alternative to petroleum-based plastics, according to its manufacturers. Crude oil is the basis of the chemical for plastics. So, with the decreasing prices of crude oil the chemical pulp market is expected to grow. The growing list of health concerns linked to plastic ingredients, such as heavy metals and softeners known as phthalates, also has increased the impetus to find a good substitute for manufacturing toys and other products.
Rising applications of packaging paper in personal care, pharmaceuticals, food and beverage
Tetra packs, cartons and folding boxes, sacks, bags and corrugated cases are some of the different types of products of paper packaging having applications in the fast food, fresh food, dairy and bakery, frozen foods, pet food, cosmetics and pharmaceuticals industries. Paper packaging materials possess superior properties such as it can be reused and recycled easily thus gaining advantage over other packaging materials such as metal and plastic. Paper packaging materials serves to be light weight, economic and eco-friendly which is one of the major drivers for the growth of this market.
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Chemical Pulp Market Challenges
Impact of COVID 19
The rapid spread of coronavirus has had a major impact on global markets as, major economies of the world are completely lockdown due to this pandemic. Because of this major lockdown, suddenly all the consumer market has started to show zero interest towards purchasing any electronics product due to which the europium market is also lagging. One of the major difficulties, market is facing are the shutdown of all kinds of transportation. Global crisis for all sectors including manufacturing, which was hit by slowing demand in goods’ production and exports had slowdown the market for europium.
Implementation of Stringent government regulations
Governments globally are looking moving more towards digitalization i.e., to make everything available digitally and less paper work, which will impact the market demand for papers, eventually lower down the market growth of chemical pulp. The impact of digital disruption has less impact across the paper and packaging industry. Tissue, hygiene, and packaging segments are doing well and achieving healthy growth. The segments that have been impacted more are newsprint, graphic paper and printing paper. They have to create their value in the increasingly digital world as the magazine print.
Chemical Pulp Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Chemical Pulp market. In 2019, the market of Chemical Pulp has been consolidated by the top five players accounting for xx% of the share. Major players in the Chemical Pulp Market are Clariant International AG, The Dow Chemical Company, Buckman Laboratories International Inc, Cytec Industries Inc, BASF SE among others.
In September 2019, the Saudi Arabian Oil Company (Saudi Aramco) has completed the acquisition of Shell Saudi Arabia (Refining) Limited’s (Shell) 50% interest in the SASREF joint venture in Jubail Industrial City, in the Kingdom of Saudi Arabia, for $631 million.
Asia-Pacific dominates the Chemical Pulp market owing to increasing demand from applications such as kraft paper, printing paper and others.
The growing usage of paper work in offices and educational institutes, is likely to aid in the market growth of Chemical Pulp.
Implementation of stringent government regulations related to digitalization will lower down the market growth for Chemical Pulp in the near future.
COVID 19 pandemic will create hurdles for the Chemical Pulp market.
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B. Pulp & Paper Chemicals Market
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