Pulp Market - NextGen Packaging Solutions for Primary and Secondary Packaging Products
Pulp Market is expected to increase at a moderate CAGR between the forecast period 2017 and 2026; revenues from worldwide sales of pulp are estimated to exceed US$ 60,000 Mn by 2026.
Albany, NY -- (SBWire) -- 03/28/2019 --Downsizing/lightweighting of packaging solutions, increased waste recovery & recycling, robust utilization of recycled content & renewably sourced materials, and improving packaging & logistical efficiency have prevailed as key trends influencing demand for sustainable packaging, All these factors have led to the development of various sustainable packaging solutions, and pulp packaging is one of the leading solutions. Pulp is widely used for manufacturing primary and secondary packaging products, mainly because of its strong protective cushioning properties and cost-effectiveness. Facilitated reprocessing of pulp coupled with its biodegradable offerings further pave immense opportunities for use of pulp in the packaging industry.
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There has been a robust consumption of chemical wood pulp for production of high-quality paper. Processes such as the semi-chemical pulping aid preparation of neutral solutions, which are utilized for cooking wood chips. In addition, semi-chemical wood pulp is relatively affordable than pulp produced from other chemical methods. Semi-chemical wood pulp seeks widespread utilization for manufacturing paperboards, magazines, cartons, fine paper, and tissue paper. Tissue paper has been witnessing tremendous adoption, particularly in the residential sector where paper towels and facial tissue papers are in high demand. In addition, fluffy pup has also witnessed a substantial rise in demand for use in the production of feminine hygiene products, pet pads, adult incontinent products, and baby diapers. All these factors elucidate importance of pulp in various application and are likely to drive demand for pulp in the near future.
According to a recently compiled report of Transparency Market Research (TMR), an average expansion has been projected for the global pulp market over the forecast period, 2017 to 2026. More than US$ 60,000 Mn worth of pulp is estimated to be sold across the globe by 2026-end.
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APEJ to Account for Lion's Share of Global Pulp Market
Asia-Pacific excluding Japan (APEJ) will continue to account for the lion's share of the global pulp market. Growing demand for paper-based products has prompted the market vendors in APEJ to focus on enhancing their pulp production capacity. In addition, high chemical pulp production and export along with soaring demand for paper will augment demand for pulp in APEJ. Europe is also expected to remain a lucrative region for the pulp market, mainly because of constant innovations in the region's paper industry and increasing pulp production capacities of the regional vendors.
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