Pulp market to grow at steady rate of 3.9% CAGR until 2026
ARESEARCH STUDY— PULPMARKET - GLOBAL INDUSTRY Analysis, Size, Share, Growth, Trends, and Fore cast 2017 – 2026 — from Market Research Reports Search Engine (MRRSE), Albany, NY, says that the global market is likely to grow at a CAGR of 3.9% during the assessment period.
According to the study, demand for pulp is driven by the growing adoption of sustainable packaging solutions, as well as downsizing and weight-reduction of packaging. Key players in the market are focusing on boosting operational efficiency and pulp packaging has emerged as a key factor for this.
The report also says that the growth of the tissue paper segment in residential applications offers new opportunities for manufacturers. As well, demand for fluff pulp is growing as is the use of pulp to make female hygienic products. Regionally, Asia Pacific – including China and India – is among the leading markets for pulp during the assessment period. The fact that Asia Pacific is home to a large number of manufacturing hubs, combined with easy availability of labor and raw materials, is likely to provide an impetus to this growth.
The study highlights key strategies of some of the leading players in the global pulp market including Rayonier Advanced Materials, Nippon Paper Group, Packaging Corporation of America, Mitsubishi, UPM-Kymmene, Shandong Sun, WestRock, Oji Paper, Stora Enso and International Paper.
Market Research Reports Search Engine (MRRSE), www.mrrse.com.