Pulp & Paper Chemicals Market Outlook
The global pulp & paper chemicals market size was valued at USD 22.09 Billion in 2022 and is likely reach to USD 29.08 Billion by 2031, expanding at a CAGR of 3.1% during the forecast period, 2023–2031. The growth of the market is attributed to rise in the demand for flexible paper packaging.
Pulp and paper chemicals refer to a set of chemicals that are used in the production of paper. These chemicals can be used to alter the paper in a variety of ways, such as changing its color and brightness, as well as enhancing its strength and water resistance. Chemical pulping is the process of dissolving lignin and extracting cellulose from wood fibers.
The COVID- 19 outbreak around the world, which has hampered the demand for a variety of products on a global scale. Many countries, including Italy, India, the US, and China, have put their countries on lockdown to prevent the virus from spreading.
The virus is estimated to influence consumer spending patterns. A pandemic of this magnitude is estimated to have a long-term significant impact on the pulp and paper industry.
Market Trends, Drivers, Restraints, and Opportunities
- Rising demand for biodegradable, bio-based, and lightweight packaging materials is increasing across the globe is expected to boost the market growth.
- Growing per capita on food and beverage is anticipated to propel the market growth during the forecast period.
- Increasing utilization of technology is rapidly replacing print media and academic publications, which can hamper the market expansion
- Expanding awareness of the importance of environmentally friendly packaging is driving the market growth
- R&D activities for the development of the innovative products is estimated to create lucrative opportunities for global pulp & paper chemicals market
Scope of Pulp & Paper Chemicals Market Report
The report on the global pulp & paper chemicals market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Pulp & Paper Chemicals Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Types (Binders, Bleaching Agents, Fillers, Pulping, Sizing, and Other Types), Applications (Newsprint, Packaging & Industrial Papers, Printing & Writing Papers, Pulp Mills & Drinking Plants, and Other Applications)
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
Dow; Imerys; Nouryon; BASF SE; and Kemira
Pulp & Paper Chemicals Market Segment Insights
Based on types, the market is divided into binders, bleaching agents, fillers, pulping, sizing, and other types. The bleaching Agents segment is expected to grow at a rapid pace during the forecast period. On the other hand, the sizing segment is estimated to account a considerable market share in the coming years.
On the basis of applications, the market is segregated into newsprint, packaging and industrial papers, printing and writing papers, pulp mills and drinking plants, and others. The packaging and industrial papers segment is projected to expand at a considerable CAGR during the forecast period.
Packaging plays a crucial role in preserving goods from damage. Moreover, it eliminates waste of both commodities and energy. Safety, technical, and hygienic requirements are all met through packaging.
Pulp & Paper Chemicals Market Regional Outlook
In terms of regions, the global pulp & paper chemicals market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to constitute a key share of the market during the projected period owing to increasing waste paper importing market in China.
Moreover, food safety concerns have grown the demand for high-quality food service and liquid packaging board in the food and beverage industry. Furthermore, the growth of e-commerce in China has boosted the demand for quick delivery, boosting the demand for packaging paper and, as a result, the pulp and paper chemicals market throughout the projection period.
- Bleaching Agents
- Packaging & Industrial Papers
- Printing & Writing Papers
- Pulp Mills & Drinking Plants
- Asia Pacific
- North America
- Latin America
- Middle East & Africa
The pulp & paper chemicals market is partially consolidated, with the top five players having a significant position in the market. Key players competing in the global pulp & paper chemicals market are Dow; Imerys; Nouryon; BASF SE; and Kemira.