New York, March 16, 2020 (GLOBE NEWSWIRE) -- According to the current analysis of Reports and Data, the global Paper and Pulp market was valued at USD 518.83 Billion in 2019 and is expected to reach USD 679.72 Billion by the year 2027, at a CAGR of 3.45%.
The raw materials for pulp & paper include cellulosic fibers and other plant materials. Some synthetic materials may be used to impart special qualities to the finished product. Paper is made from wood fibers, but rags, flax, cotton linters, and bagasse (sugar cane residues) are also used in some papers. Used paper is also recycled, and after purifying and sometimes deinking, it is often blended with virgin fibers and reformed again into the paper. Products such as cellulose acetate, rayon, cellulose esters that are made from cellulose will be used for packaging films, explosives. Paper and pulp market on the based on type can be classified into: paper manufacturing, paper chemical manufacturing, paper and pulp machinery manufacturing.
The paper manufacturing segment is the most dominated segment in this industry, but the segment of paper chemical manufacturing can be segmented into three more parts: process chemicals, functional chemicals, and coatings. The paper chemical manufacturing market is growing at a robust pace especially in the pharmaceutical industries and medical laboratories. The process chemicals can be sub-segmented and classified into categories such as: Retention chemicals, fixing agents, and water treatment chemicals. In recent years, several economic driving forces have also emerged.
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Many companies are investigating effluent closure or at least minimum-impact possibilities because they offer several economic benefits. For the most part, mills working toward minimum impact or bleach plant filtrate closure have not attempted to take advantage of this approach in the marketplace. Several mills in Scandinavia have placed TEF (totally effluent-free) or MIM (minimum impact mill) products on the market, seeking premiums, but have not achieved any significant success. But effluent closure or minimum impact could become a fairly significant marketing tool for the paper and pulp industry in the twenty-first century
The market is expected to rise globally at a moderate rate, due to the well-performing industries starting from printing, consumer packaging, pharmaceutical, and construction, etc. Major players are identifying countries in the North-America region as high-end technology, and eco-friendly processes are used for the production. As a result, these countries are constantly growing at a rapid pace as manufacturing hubs for many industries.
Further key findings from the report suggest
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For the purpose of this report, Reports and Data have segmented the Paper and Pulp market on the basis of type, pulping method, application, and region:
Type (Revenue, USD billion; Volume in Kilotons, 2017–2027)
Pulping Method (Revenue, USD billion; Volume in Kilotons, 2017–2027)
Application Type (Revenue, USD billion; Volume in Kilotons, 2017–2027)
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Regional Outlook (Revenue in USD Billion; Volume in Kilotons, 2017–2027)
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