Unbleached hardwood Kraft Pulp Market Expected to Grow at a Substantial Rate | Westrock, Canfor , Mondi Group, Arbros Group

Future Market Insights

Published

May 24, 2022

During the projected period of 2022 to 2032, worldwide unbleached hardwood kraft pulp demand is expected to grow at a substantial rate. The increased use of unbleached hardwood kraft pulp for a variety of products such as corrugated boxes, printing and writing paper, speciality paper, and tissue paper is driving market growth.

As consumer awareness of the importance of minimising plastic consumption grows, demand for paper-based products, particularly paper packaging, is expected to skyrocket in the coming years. To reduce plastic pollution, several governments have banned the use of plastic packaging products such as plastic bags and disposables.

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Some of the key participants present in the global unbleached hardwood kraft pulp market include Westrock Company, Canfor Corporation, Mondi Group, Arbros Group, Stora Enso Oyj, International Forest Products LLC, International Paper Company, and Metsä Fibre Oy among others.

Some of the world’s most well-known firms have switched entirely from plastic to paper packaging. Packaging businesses are also investing much in research to produce creative solutions with efficient features that can preserve items even in extreme situations during transit. All of these advances have heightened interest in unbleached hardwood kraft pulp.

Unbleached hardwood kraft pulp is a unique material made by the kraft process from deciduous tree species. It has more cellulose and extractives, and it’s becoming more popular in speciality papers, tissue papers, sack paper, wrapping paper, and woodfree coated and uncoated printing and writing papers. Rising demand for these products is propelling the unbleached hardwood kraft pulp market forward, and this trend is expected to continue during the projected period.

Leading industry companies are incorporating cutting-edge technology like artificial intelligence to boost production, save costs, and solve a variety of manufacturing problems. This is helping the market for unbleached hardwood kraft pulp to increase. Similarly, rapid expansion of end-use sectors, particularly logistics, where paper-based products are in high demand, will boost the unbleached hardwood kraft pulp market in the near future.

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Unbleached hardwood Kraft Pulp Market: Regional Overview

On the basis of region, the Unbleached hardwood Kraft Pulp market is segmented as North America, Latin America, Eastern Europe, Western Europe, APEJ (Asia-Pacific Excluding Japan), Middle East & Africa, and Japan. The Asia-Pacific region dominates the unbleached hardwood kraft pulp market in terms of consumption. However, the Europe and North America region account for largest market share in terms of production of unbleached hardwood kraft pulp globally.

The India and China offer significant growth opportunities in the market with the increasing consumption of paper based packaging products. The pulp and paper industry is expected to grow continuously in next decade in emerging economies of Asia-Pacific and Latin America region. Currently, in MEA, the demand for unbleached hardwood kraft pulp is largely fulfilled through imports from European region.

However, the shifting focus of local entrepreneurs to venture into new businesses will drive high growth in unbleached hardwood kraft pulp market. It is noticed that the South East Asian countries also offer untapped growth potential in the global unbleached hardwood kraft pulp market.

The Unbleached hardwood Kraft Pulp Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The Unbleached hardwood Kraft Pulp Market report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The Unbleached hardwood Kraft Pulp Market report also maps the qualitative impact of various market factors on market segments and geographies.

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Unbleached hardwood Kraft Pulp Market: Regional analysis includes: