Los Angeles, December 6, 2019 – QY Research has announced the release of a new report on the global pulp and paper market. Titled “Global Pulp and Paper Market Research Report 2019,” the report includes near-accurate market size and CAGR forecasts. Analysts authoring the report expect the total revenue of the global pulp and paper market to increase to more than US$70.0 Bn by the end of 2025 from over US$60.0 Bn reached in 2018. Between 2019 and 2024, the global pulp and paper market is projected to register a CAGR of 3.6%.
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Leading Contributors to Growth of Global Pulp and Paper Market
Personal Hygiene and Medical Industries: High demand for non-woven, toweling, and tissue products is anticipated to create sales opportunities.
Packaging Industry: Use of fiber-based packaging with advantages such as recyclability, inexpensive cost, and low risk of spoilage and product damage could strengthen the demand in the global pulp and paper market.
Chemicals and Advanced Materials Industries: Wood pulping could be used to produce certain advanced materials and chemicals that find application in pharmaceuticals, flavors and fragrances, and even consumer electronics.
Top Challenges Faced by Pulp and Paper Manufacturers
● Stringent environmental regulations limiting the use of natural resources such as wood
● Concerns related to forest degradation and deforestation
● Increasing significance of digitalization and digital transformation of businesses
Printing and Writing Papers – A Profit-making Application of Pulp and Paper
High yield pulp, birch hardwood kraft pulp, and bleached softwood kraft pulp are among the main types of products offered in the global pulp and paper market. Pulp and paper find use in important applications such as tissue paper, printing and writing paper, and others. Tissue paper is among several personal care products manufactured using pulp and paper. Printing and writing papers are another lucrative application of pulp and paper, considering their high use in office reprographics, stationeries, magazines, catalogs, and digital printing. High use of packaging products could be another factor augmenting the demand for printing and writing papers, thereby increasing the demand for pulp and paper.
Asia Pacific: Ecommerce-led Growth of Packaging Industry Likely to Create Opportunities
Asia Pacific could be among high-growth regional pulp and paper markets, taking into consideration the expansion of the packaging industry because of the high demand for ecommerce. Need to improve literacy rates in countries such as India is expected to increase the requirement for printing and writing papers, which could in turn benefit the pulp and paper market in Asia Pacific.
Reducing Environmental Footprint – A Major Focus of Pulp and Paper Manufacturers
Key players operating in the global pulp and paper market are Stora Enso, Huatai, Fibria, Yongfeng, RGE, Yueyang, Sappi, Sun Paper, UMP, Chenming, ARAUCO, CMPC, APP, SCA, Metsä Fibre, West Fraser, Suzano, Canfor, IP, Ence, Resolute, Oji Paper, Ilim, Cenibra, Sdra Cell, Eldorado, Domtar, Mercer, and Nippon Paper. Players are expected to focus on adopting sustainable strategies to reduce the unwanted impact of their manufacturing and production activities on the environment.
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