Latest Report Anticipates Global Pulp Market to Reach $120 billion by 2020

 
According to a market research report released this past week by Technavio, London, U.K., the global pulp market is currently expected to reach $120 billion by 2020.

The research report titled Global Pulp Market 2016-2020 (sample report available online) provides an in-depth analysis of market growth in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for grades such as chemical pulp, mechanical and semi chemical pulp, and non-wood pulp.

"Forest and plantation management is an integral part of most key vendors' business models. Key vendors in the market, including Fibria, Arauco, Suzano, and UPM, are increasingly aligning their business activities with afforestation efforts to create a sustainable business model that is based on renewable solutions. This market will likely witness the rise of many integrated vendors with proprietary forest and plantation areas for the procurement of raw materials for pulp production during the forecast period," said Abhay Sinha, one of Technavio’s lead research analysts.
 
The report also provided the following report on the composition of the global pulp market as of this past year.

Global pulp market by grade 2015 (% share):
Global chemical pulp market:

In 2015, key end-use applications of chemical pulp included tissue paper and specialty paper, and its total production capacity was estimated to be about 132.1 million metric tons. This market is predicted to witness moderate growth over the next four years due to an increase in consumption from developing markets such as Asia (excluding Japan) and Central and South America. In these regions, rapid urbanization and the growth of the middle-class population have led to an increase in consumer spending on paper-based products and paper-based households and hygiene products such as tissue paper. While the consumption of chemical pulp is relatively lower in mature or developed markets, a steady demand for hygiene, packaging, and specialty paper products continues to augment the consumption of chemical pulps.

Global mechanical and semi-chemical pulp market:

In 2015, the total production capacity of the global mechanical and semi-chemical pulp market was estimated to be around 34.39 million metric tons. Mechanical pulp production involves the use of ridged metal discs that grind debarked wood chips mechanically to produce pulp. Steam is often used in the mechanical pulping process, which consumes a large amount of energy. However, this process is more commonly used in combination with other chemical and semi-chemical pulping processes to enhance pulp yield.

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