Chemical Pulp Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

The global market value of the chemical pulp market was valued at USD 6.7 billion in 2022, and a CAGR of 4.7% is expected during the forecast period. The process of making chemical pulp involves the extraction of cellulose from wood. It refers to the industry involved in the production and distribution of pulp obtained through chemical processes. Increasing demand for the manufacture of paper, cardboard, and other cellulose-based products. The demand for paper products and regulations are driving the growth of the market significantly.

Growing population, urbanization, and industrialization are the key factors driving the growth of the market significantly. Increasing demand for packaging materials, tissue papers, printing papers, and specialty papers, increasing emphasis on environmentally friendly processes, and increasing technological advancements are driving the growth of the market significantly. Economic growth in emerging economies is also responsible for the growth in the chemical pulp market.

Impact of Covid-19

COVID-19 brought a slowdown in every sector due to a shift towards essential goods purchases, supply chain disruption, stringent lockdown, and social distancing, which are the reasons behind the slowdown in the market. Disruptions in publishing, printing, and packaging, which are major consumers of paper products. Travel restrictions and an economic slowdown resulted in reduced demand for paper and pulp products. However, people shifted to remote work, and demand for the packaged products increased. This increased demand partially offset the initial setbacks. Increasing industrialization and urbanization worldwide is driving growth in the market.

Growth Drivers

Increasing industrialization, a growing urban population worldwide, and increasing demand for packaging materials are driving the growth of the chemical pulp market. Increasing emphasis on environmentally friendly products is driving the growth of the market. The rise in e-commerce, online shopping, and demand for packaged products is driving the growth of the market. With increasing environmental concerns, the shift towards sustainable packaging solutions is preferred by consumers, and companies worldwide are driving the demand in the market.

Chemical pulp is a key raw material for producing various paper and board products used in printing, writing, packaging, and hygiene. The expanding paper and board industry, particularly in emerging economies, is fueling demand for chemical pulp. With increasing environmental concerns, there is a shift towards sustainable packaging solutions. Chemical pulps are used by consumers and companies aiming to reduce the carbon footprint. Bleaching techniques and pulp refining methods are improving product quality, cost-effectiveness, and efficiency.

Segmentation

By Type

·         Brown Pulp

·         White Pulp

By Application

·         Printing Paper

·         Writing Paper

·         Technical Paper

·         Offset Paper

·         Packaging Paper

Regional Outlook

·         Asia Pacific

·         North America

·         Latin America

·         Middle East and Africa

·         Europe

Chemical Pulp Market Application Segmentation

On the basis of application, the chemical pulp market is segmented into printing paper, writing paper, technical paper, offset paper, and packaging paper. Printing paper is the leading segment and is expected to dominate during the forecast period. Increasing demand for printing newspapers, magazines, books, brochures, flyers, and other commercial printing materials is driving the demand in the chemical pulp market.

This type of paper requires specific characteristics like smoothness, brightness, and printability to ensure high-quality printing results. Chemical pulp is well-known for its versatility, and its smoothness is used in printing papers and writing papers as well. The demand for writing paper for stationery, notebooks, and other writing purposes also remains substantial. Technical papers are also in demand in engineering drawings, maps, blue prints, scientific research papers, technical manuals, and industrial documentation.

Durability, dimensional stability, and resistance are the key features of the chemical pulp market. Offset paper is widely used in offset printing, a popular printing technique for commercial and high-volume printing. Increasing demand for offset papers in books, magazines, catalogs, and other promotional materials is driving market growth significantly.

Packaging papers are in high demand post-pandemic, especially in the packaging of food, vegetables, beverages, consumer goods, pharmaceuticals, and e-commerce. It includes different types of papers, like kraft paper, line board, and folding carton board. Strength, durability, and tear resistance, along with moisture resistance, are the key features of packaging paper. Increasing demand for eco-friendly products is driving growth in the market significantly.

Regional Outlook

On the basis of the regions, the chemical pulp market is segmented into 5 parts: Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. Asia-Pacific region due to increasing industrialization, and urbanization is driving growth in the region. Increasing demand for specialty products in hygiene and personal care is driving growth in the market. Countries like China, India, South Korea, Vietnam, and Japan are observing continuous growth during the forecast period.

The sharp rise in application in the well-developed paper sector is driving the growth in the Asia Pacific market significantly. The chemical pulp industry is expected to be on the rise in countries like the United States of America, England, Germany, Russia, France, Spain, and Turkey. Increasing urbanization worldwide is driving growth in the market. Philippines and Indonesia are expecting the high demand for chemical pulp, which is used in various sectors, to drive growth in the market significantly.

Chemical pulp has no negative environmental consequences. Increasing urbanization in the Middle East and Africa, especially in Saudi Arabia, Egypt, and the United Arab Emirates, is expected to lead to positive growth in the chemical pulp market. With growing awareness of environmental issues, there is a shift towards sustainable packaging solutions, which often rely on renewable and biodegradable materials. As the global population continued to increase, especially in urban areas, there was a high demand for packaged food and printing materials.

Continuous evolution in pulp processing technology enhances efficiency, reduces production costs, and increases the quality of final products. Emerging economies experiencing industrialization and urbanization, such as India, China, and Brazil, are experiencing significant growth in the chemical pulp market. Printing papers, writing papers, offset, and packaging papers are in high demand due to their industrial needs and urbanization. Increasing awareness among people about eco-friendly products is driving growth in the market. The presence of key players in regions like Asia Pacific, North America, and Europe is driving the growth of the market.

Key Players

·         Kemira

·         SNF Floerger

·         BASF SE

·         Dow Chemical Co.

·         Nalco Holding Co.

·         ERCO Worldwide

·         Shell Chemicals

·         Akzo Nobel NV

·         Clariant International AG

·         Other Players