The Pulp Market is being driven by Increased consumption of chemical wood pulp
The Pulp Market is expected to grow at a CAGR of 3.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 43.2 billion. The global market for diapers, including both baby and adult varieties, as well as hygiene sanitary pads for women, is experiencing significant growth. This expansion is driven by increasing awareness of safety and health practices, particularly in regions such as Latin America and Asia, where population growth is on the rise. These products are primarily manufactured using fluff pulp, a long, softwood fiber that enhances absorbency, preventing leaks. With the fast-paced lifestyle of modern consumers, the convenience of disposable diapers has made them a popular choice for regular use. As a result, the diapers industry is projected to expand by approximately 50% by 2023, creating a substantial market opportunity.
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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 |
208 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.8% |
Market growth 2025-2029 |
USD 43.2 billion |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
3.5 |
Key countries |
US, Japan, Germany, UK, Canada, France, China, India, South Korea, and Italy |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The pulp market is a significant industry that caters to various sectors, including sanitation and personal hygiene, households, and the personal care and food beverage industries. The production of pulp, primarily from forest-based raw materials like wood, contributes to the manufacturing of essential products such as toilets and kitchen paper. However, the environmental impact of deforestation and the increasing consumer inclination towards eco-friendly alternatives have led to the exploration of alternative raw materials like wheat straw, rice husk, bamboo, and chemical pulp from non-wood sources. The demand for paper packaging materials, including writing paper, wrapping paper, and eco-friendly packaging products, is on the rise due to anti-plastic sentiments. The largest forest-based industry continues to innovate, with the development of green packaging solutions that minimize environmental impact. The recycling infrastructure is also improving, making it easier for consumers to dispose of paper products responsibly. As the personal care and food beverage industries shift towards sustainable practices, the pulp market is poised for continued growth in the production of paper packaging products.
The forest products market encompasses various segments, including industrial roundwood, sawnwood, wood-based panels, fiber furnish, wood fuel, charcoal, and pellets. According to Technavio's market analysis, the market size is determined by the consolidated revenue generated by manufacturers of forest and paper products. Factors fueling the expansion of the global forest products market include the growing adoption of cost-effective and reusable wooden pallets and boxes in distribution centers, manufacturing units, and production facilities, particularly in the food and beverage industry, due to their inherent ability to absorb bacteria naturally.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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