The Bleached Kraft Pulp Market is being driven by Rise in demand for sustainable packaging solutions
The Bleached Kraft Pulp Market is expected to grow at a CAGR of 4.52% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 11.63 billion. In the global bleached kraft pulp market, vendors' business strategies encompass responsible plantation and forest management. Leading players, such as Suzano and UPM, prioritize sustainable business models, with integrated forest and plantation areas for raw material sourcing. These vendors are committed to managing these resources sustainably, demonstrating social and environmental responsibility. Additionally, they invest in local community infrastructure development. For instance, UPM Kymmene Corp. emphasizes sustainable forestry practices and community engagement, ensuring a long-term, renewable, and responsible supply chain.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
155 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.52% |
Market growth 2024-2028 |
USD 11.63 billion |
Market structure |
fragmentation |
YoY growth 2023-2024(%) |
3.79 |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Bleached Kraft Pulp Market encompasses various applications, including food packaging in composite cans, sacks, and cartons, as well as hygiene products and envelopes. Oxygen bleaching and environmental programs are key factors, while chlorine bleaching methods like chlorine, elemental chlorine free (ECF), and totally chlorine free (TCF) are used. Kraft paper, bags, and sacks benefit from bleaching for improved appearance and product protection. Semi-chemical and sulphite pulp production processes utilize mechanical and chemical methods, with durability and softness as priorities. Bleaching technologies and production lines minimize pollution, while pulp production processes also consider water usage. Viscose rayon fibers and packaging machinery are additional markets for bleached kraft pulp, emphasizing strength and tearing resistance for the working population's diverse packaging needs.
The global bleached kraft pulp market is a significant segment of the larger paper products industry, as identified by Technavio. This market encompasses manufacturers producing this specific type of pulp. Notably, it excludes businesses primarily focused on paper packaging. According to Technavio's market analysis, the size of the global paper products market is determined by the consolidated revenue generated by all paper product manufacturers. Key growth drivers for this market include the increasing demand for printing paper from publishers and book printers. Publishers and book printers are investing substantial resources to produce visually appealing books, with e-commerce platforms providing ample opportunities for them to place orders.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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