Hardwood Pulp Market

Hardwood Pulp Market

The hardwood pulp market is anticipated to record a CAGR of 3.5% during the forecast period. It is expected the market value will go up from US$ 170 Bn in 2021 to reach a valuation of US$ 242 Bn by 2032.

The demand for hardwood pulp or short fiber pulp is higher among the printing paper manufacturers owing to its excellent cleanliness quality and strong absorptivity. Also, as the other materials made out of it are easy to recycle so the sales of hardwood pulp has increased in other sectors over the years.

Growing concern over environmental pollution due to growth in plastic wastage volume is anticipated to create a more favorable market for the sales of hardwood pulp in the coming days. Initiatives at various levels to find a better alternative that can replace the

It is observed that, Hardwood grade consist of birch and eucalyptus pulp results into good strength, structural properties and rigidity. Introduction of reforestation and agroforestry in tropical countries have increased the supply of raw materials used that is anticipated to surge the sales of hardwood pulp by reducing its cost.

The hardwood material is easy to make pulp and bleached with less alkaline consumption. This gives significant incremental opportunity for the global hardwood pulp market share during the forecast period.

What are the Present Opportunities for the Growth of the Hardwood Pulp Market

The fueling factor responsible for exponential growth in demand for global hardwood pulp market is use of recyclable and biodegradable packaging & paper material. Changing regulations and ban on plastic or non-recyclable material in Europe and other regions provides lucrative opportunities for the sales of hardwood pulp as well.

The cost effectiveness of the different products further drives the demand for hardwood pulp in the global market.  Lucrative opportunities are observed for hardwood pulp market share as it have more initial brightness due to high cellulose, extractives and less lignin than softwood

On the other side, increasing preference for hygiene papers such as tissue papers, diapers, sanitary napkins, resulting into potential higher demand for hardwood pulp in the present market. The sales of hardwood pulp in the global market is boosting on the backdrop of increasing paper industries and latest technologies.

The demand for hardwood pulp might slow down in future due to shift from paper and printing to digital media and paperless communication. However, the sales of hardwood pulp is expected to remain high due to packaging industries.

Ismail Sutaria

Principal Consultant

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What is the Outlook of the Hardwood Pulp Market in different Geographical Regions

Due to environment friendly packaging trend, the sales of hardwood pulp is expected to grow in various regions such as North and South America, Europe, Asia Pacific, and Middle East and Africa. It is witnessed that China is the leader for hardwood pulp market.

Maximum export and sales of hardwood pulp is observed in China in order to satisfy global demand for hardwood pulp. Up gradation in technologies and rapid industrialization in emerging countries such as India, and Mexico propelling new opportunities for hardwood pulp market share.

Due to more impact of digitalization in countries like the United States and Brazil, sluggish growth in sales of hardwood pulp market is observed. Significant growth in GCC countries and Turkey is expected to drop down the demand for hardwood pulp during the forecast period.

In addition to this, with the growing market of graphical papers, lucrative opportunities for sales of hardwood pulp are expected. Growing health concern among people leads to increasing use of tissue paper, and pulp for hygienic products is also another main reason that boosts the demand for hardwood pulp in developed economies. The hardwood pulp market share is expected to grow further on the backdrop of textile applications in France, and U.K. market.

Who are the Key Players in the Hardwood Pulp Market

Sone of the key players in the global hardwood pulp market includes Centralpaper Finland, Rayonier Advanced Materials, Nippon Paper Group, UPM Pulp, Domtar Inc., Stora Enso Oyj, Irving Pulp & Paper Ltd., Cenibra - Celulose Nipo-Brasileira, CMPC CELULOSA S.A., Ilim Pulp Group, and Resolute Forest Products.

Major Developments in the International Hardwood Pulp Market

• In June 2021, the international pulp and paper exchange NOREXECO ASA settled two contracts for China pulp futures for meeting the demand for investing in global hardwood pulp market.
• United States became the leading hardwood pulp market by the year 2020 by recording a 186.4 MMT of total production capacity.

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