Rockville , April 15, 2024 (GLOBE NEWSWIRE) -- Ever-growing trend of sustainability is set to make softwood pulp more attractive with the market size reaching US$ 25.6 billion in 2024, as revealed in the updated research analysis published by Fact.MR, a market research and competitive intelligence provider. Projections are that the worldwide softwood pulp Market will Grow at a 7.2% CAGR from 2024 to 2034.
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Constant technological advancements, such as the development of more efficient pulping equipment and processes, are expected to contribute to the rising demand for softwood pulp. These innovations are aiming to minimize environmental impact, reduce energy consumption, and increase production efficiency. Further, an inclination toward sustainability is stimulating more consumers to adopt environment-friendly products, which subsequently results in sustainable forestry practices adoption.
| Report Attribute | Details |
| Value Projection (2034) | US$ 51.4 Billion |
| Growth Rate (2024-2034) | 7.2% CAGR |
| No. of pages | 170 Pages |
| No. of Tables | 90 Tables |
| No. of Figures | 165 Figures |
Key Takeaway from Market Study
- The global softwood pulp market is poised to reach US$ 25.6 billion in 2024.
- Worldwide sales of softwood pulp are projected to reach US$ 51.4 billion by the end of 2034, rising at a CAGR of 7.2%.
- East Asia is projected to enjoy a market share of 24.6% by the end of 2034.
- Sales of softwood pulp in South Korea are approximated to rise at a CAGR of 8.5% from 2024 to 2034.
- Non-composite softwood pulp is calculated to account for 69.2% of global market revenue by the end of 2034.
“Rising inclination to sustainable practices, growing demand for specialty papers, and expansion of e-Commerce platforms are contributing to the sales growth of softwood pulp,” says a Fact.MR analyst.
Related Market Projections for 2034
| Fluff Pulp Market | US$ 18 Billion |
| Chemical Pulp Market | US$ 21 Billion |
| Speciality Pulp and Paper Chemicals Market | US$ 34 Billion |
| Drum Pulper Market | US$ 1 Billion |
Key Market Players
- Mercer International
- Ahlstrom-Munksjo
- WestRock Company
- UPM
- Verso
- Klabin SA
- Tembec Inc.
- Arauco North America, Inc.
- Stora Enso Ovi
- BillerudKorsnäs AB
- Rottneros AB
- Canfor Corp.
- Port Townsend Paper Company
- Clearwater Paper Corp
- Domtar Corporation
- Nanaimo Forest Products Ltd.
- Ilim Group
- Oji Paper Co. Ltd.
Expansion of Paper Industry in China Driving Demand for Softwood Pulp
Sales of softwood pulp in China are approximated to rise at a CAGR of 6.8% and reach US$ 7.2 billion by the end of 2034. Rising demand for softwood pulp as one of the key ingredients used in the packaging industry is projected to generate lucrative opportunities for market players in the country. It is utilized in the manufacturing of paperboard and paper in huge volumes there. Moreover, the growing demand for feminine hygiene products and diapers in the country is estimated to lead to the increasing consumption of fluff pulp, which is resulting in market growth.
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the softwood pulp market, presenting historical demand data (2018 to 2023) and forecast statistics for the period (2024 to 2034).
The study divulges essential insights into the market based on source (composites, non-composites), type (bleached, unbleached, semi-bleached), and application (paper production, absorbent core products, feminine hygiene products, wet wipes, dry tissues), across six major regions of the world (North America, Europe, East Asia, Latin America, South Asia & Oceania, and MEA).
Explore More Related Studies Published by Fact.MR Research:
Chemical Pulp Market: The global chemical pulp market is valued at US$ 9.5 billion in 2023 and is estimated to surpass a US$ 19.5 billion valuation by the end of 2033, expanding rapidly at a CAGR of 7.4% during the forecast period from 2023 to 2033.
Dissolving Pulp Market: The global dissolving pulp market is valued at USD 5563.60 Million in the year 2022. This market is anticipated to cross a valuation of USD 7623.47 Million by end of the year 2032.
Fluff Pulp Market: The global fluff pulp market is estimated at US$ 8.8 billion in 2022, with global fluff pulp sales forecasted to cross US$ 16.7 billion by 2032, increasing at a CAGR of 6.4% during 2022-2032.
About Fact.MR:
Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.
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