NEWARK, DE / ACCESSWIRE / April 3, 2023 / The unbleached softwood kraft pulp market is predicted to be worth US$ 1,481.5 million in 2023, and rise to US$ 2,322.84 million by 2033. Initially, the global market was expanding at a CAGR of 4.6% during 2018 to 2022.
Unbleached sack kraft paper's popularity is a key factor in the market. The industry's market share for unbleached sack kraft paper can change depending on several variables, including the need for packaging products, the accessibility of raw resources, and competition from other kinds of packaging materials.
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Unbleached softwood kraft pulp is an interesting alternative for businesses wanting to fulfill the rising demand for sustainable packaging solutions in the area, as it's a natural and renewable resource that can be used to create eco-friendly packaging products.
Coated Unbleached Kraft is recyclable and biodegradable, making it a desirable choice for businesses trying to minimize their environmental effect. As a result, the industry is seeing an increase in demand for coated unbleached kraft.
The growth of the e-commerce industry has also contributed to the increase in demand for unbleached softwood kraft pulp across the globe. This is because it is utilized in a variety of packaging goods, such as corrugated boxes, bags, and cartons, all of which are necessary for shipping and storing items that were acquired online.
Key Takeaways
- In 2023, the United States is expected to develop significantly in the unbleached softwood kraft pulp market, with a size of US$ 286 million.
- The unbleached softwood kraft pulp market was significantly expanding, with a size of US$ 1,431 million in 2022.
- Market shows amazing opportunities due to the rising need for sustainable options, and expects a Y-o-Y growth of 3.1% in 2023.
- The market in China is anticipated to expand at an adequate CAGR of 6% by 2033.
- In 2023, Germany is likely to expand in the unbleached softwood kraft pulp market, with a size of US$ 57 million.
- Canada is anticipated to expand at an adequate CAGR of 4.5% by 2033.
- The expansion in the United Kingdom is anticipated to expand at an adequate CAGR of 3.9% by 2033.
- Based on the end use, the packaging industry is likely to lead the market and expects a size of US$ 1,314 million in 2023.
- Based on the product type, the northern segment continues to dominate the sector during the forecast period, with a CAGR of 4.4%.
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Key Strategies in the Industry
The unbleached softwood kraft pulp market is highly competitive and home to numerous prominent companies. These businesses compete on the basis of elements including product quality, cost, and customer service.
Stora Enso Ovi, Canfor Corporation, Ahlstrom-Munksjo, Nippon Paper Industries Co., Ltd, Domtar Corporation, and Arauco North America, Inc. are some leading key players in the market. To drive market expansion, industrial facilities are increasingly reorganizing their existing production bases. Unbleached softwood kraft pulp is widely used across a variety of industries, which is the motivation for large production.
Recent Developments
- In order to serve the food packaging industry, Rottneros AB released their complete line of Rottneros' molded and recyclable fiber trays in November 2020. These trays are made of unbleached softwood kraft pulp.
- Stora Enso Ovi has presented a variety of unbleached softwood kraft pulp products, including NBSK and BHKP pulp.
- Food and Beverages
- Building and Construction
- Agriculture and Allied Industries
- Chemicals
- Cosmetics and Personal Care
- Electrical & Electronics
- Other Consumer Goods
Key Segments
By Product Type:
- Northern
- Southern
- Others
By Grade:
- Chemical Pulp
- Mechanical Pulp
- Other Pulp
By Application:
- Printing and Writing
- Newsprint
- Packaging
- Corrugated Boxes
- Cartons
- Liners
- Bags and Sacks
- Wrapping
- Other Packaging Products
- Tissue & Toilet Paper
- Others
By End-use:
- Packaging
- Non-Packaging
By Region:
- North America
- Latin America
- Europe
- East Asia
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Table of Content
1. Executive Summary | Unbleached Softwood Kraft Pulp Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
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