It possesses properties such as high absorbency and biodegradability. Dissolving pulp is predominantly used in the packaging industry to manufacture various products such as bottles, containers and films.
The global Dissolving Pulp Market is estimated to be valued at US$ 1.67 Mn in 2023 and is expected to exhibit a CAGR of 17% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends: The expansion of the global packaging industry has been a major driver of the dissolving pulp market over the past decade. The increase in consumption of packaged food and beverages has augmented the demand for different types of packaging products such as bottles, containers and films. Dissolving pulp is a key raw material used in manufacturing these packaging products. The growth in the e-commerce sector has also propelled the need for efficient packaging solutions, thereby boosting the demand for dissolving pulp. Emerging markets in Asia Pacific are expected to garner significant growth opportunities for the market over the forecast period owing to the rising disposable income and changing lifestyles in the region.
Segment Analysis
The global dissolving pulp market size is segmented based on type into wood pulp and cotton linters. Wood pulp dominates the market and accounts for over 85% share owing to its high cellulose content and widespread availability from sources such as eucalyptus and birch trees.
Key Takeaways
The global Dissolving Pulp Market is expected to witness high growth. The global Dissolving Pulp Market is estimated to be valued at US$ 1.67 Mn in 2023 and is expected to exhibit a CAGR of 17% over the forecast period 2023 to 2030.
Regional analysis
Asia Pacific region holds over 45% share of the global dissolving pulp market and is expected to remain the fastest growing as well as dominating region. This is attributed to presence of abundant raw materials and large scale textile industry in countries such as China and India.
Key players
Key players operating in the Dissolving Pulp Market are Makana Beverages LLC, Kombucha Wonder Drink, KeVita LLC, Humm Kombucha LLC., Reed’s Inc., Carpe Diem, NessAlla Kombucha, Live Soda LLC, Kosmic Kombucha, Buchi Kombucha, GT’s Living Foods, Hain Celestial Group, Hudson River Foods, Mojo Beverages, Remedy Kombucha Pty. Ltd., Revive Kombucha, Rok Kombucha, Tonicka Kombucha.
Get More Insights On This Topic: https://www.newsstatix.com/dissolving-pulp-market-size-share-analysis-2023-2030/
Explore More Trending Article On This Topic: https://wotpost.com/office-furniture-the-foundation-for-productivity-and-collaboration-in-workplaces/
Comments
0 comment