Softwood Pulp Market - An Overview
Softwood pulp is a raw material converted from wood for the manufacturing of paper. Softwood pulp is produced by recycling of paper or from virgin fiber by chemical or mechanical means. It is used for the manufacturing of product such as tissue, graphic paper, kraft paper, carton board, container board, etc. The packaging market is moving towards stronger, lighter-weight packaging formats. The softwood pulp is better than hardwood pulp, due to its excellent flexibility, high folding strength, good tensile strength, and printability. The demand for softwood pulp is affected by hardwood pulp, fluff pulp, non-wood pulp, and repulping of recycled paper. Moreover, softwood pulp is costlier than hardwood pulp. So the manufacturers of paper and pulp are mixing softwood pulp and hardwood pulp to produce a good quality of paper at an affordable price.
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Softwood Pulp Market - Dynamic
The demand for softwood pulp primarily influenced by the growing trend for biodegradable and eco-friendly material, which easily decomposes. Therefore the industry is shifting towards the manufacturing of products made from pulp and natural material. A product manufactured from plastic, metal, and other material are nowadays being replaced by pulp material. Products such as straws, plates, and cutlery made from wood-based sources such as pulp are getting traction. The paper and pulp industry are the key industry in the world, and the paper produced is the major exported commodities in many countries. China is the leading producer of pulp and paper in the world as an individual country. Established players of softwood pulp broadly capturing the softwood pulp market. The increase in demand for paper packaging solution across the globe are expected to drive the pulp market and at an extent to softwood pulp. The need for softwood pulp is likely to increase in the framework of the growing demand for good quality high strength pulp product. Owing to stringent rules and regulations towards the usage of plastic there is a shift in demand for softwood pulp. The demand for paper product made from softwood is adopted due to its flexibility and high folding strength. Furthermore, increase in demand for environmentally friendly sustainable packaging solutions is expected to drive the softwood pulp market.
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Softwood Pulp Market - Segmentation
The global softwood pulp market is segmented as product type, grade type and end use.
By Product Type, the global softwood pulp market is segmented into –
- Bleached Softwood Pulp
- Unbleached Softwood Pulp
By Grade Type, the global softwood pulp market is segmented into –
- Mechanical Pulping
- Chemical Pulping
- Recycle waste Pulping
By End Use, the global softwood pulp market is segmented into –
- Food & Beverage
- Personal Care & Cosmetics
- Pharmaceutical Industry
- Others (Building & Construction, Electrical & Electronics etc.)
- Print Media
- News Printing
- Book/Magazine Printing
- Advertisement Printing
Softwood Pulp Market - Regional Outlook
Europe is expected to be the prominent market for the softwood pulp. It is due to regulatory standards and a continuous ban on the plastic product. India and China are expected to witness positive growth towards softwood pulp in the Asia Pacific region. Owing to the increase in demand for sustainable packaging solution in an emerging economy. Moreover, the Middle East & Africa softwood pulp market is expected to observe sluggish growth during the forecast period.
Recent Developments in the Global Softwood Pulp Market
- In 2017, WestRock Company acquired facilities in Ohio, Pennsylvania, and Louisiana from the U.S. operating as corrugate producers. The company intended to integrate 105,000 tons of containerboard converted annually by its acquisition.
Softwood Pulp Market - Key Players
Some of the leading players operating in the global softwood pulp market are as follows –
- Canfor Corp.
- Klabin SA
- WestRock Company
- BillerudKorsnäs AB
- Clearwater Paper Corp.
- Oji Paper Co.,Ltd.
- Tembec Inc.
- Nanaimo Forest Products Ltd
- Mercer International
- VERSO CORPORATION
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