Cotton Pulp Market

Cotton (linter) Pulp market to Witness High Growth Owing To Increasing Application in Textile Industry

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The Cotton (linter) Pulp market is estimated to be valued at US$ 367.1 Mn in 2023 and is expected to exhibit a CAGR of 14.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Cotton pulp is a refined form of cotton that has gone through a series of processing that breaks down cotton fibers into a pulp form. It finds various applications in the textile industry due to its excellent absorption properties and biodegradability. Cotton pulp is used to manufacture clothing such as t-shirts, underwear, socks etc. It is also used in hygiene and personal care products such as diapers, sanitary napkins, adult incontinence products etc.

Market Dynamics:
The Cotton (linter) Pulp market is expected to witness significant growth over the forecast period owing to increasing demand from the textile and personal care industries. The rising demand for absorbent and breathable clothing from the growing population is expected to drive the demand for cotton pulp in textile manufacturing. Furthermore, the increasing global birth rate is augmenting the demand for baby diapers and other baby care products, which in turn is propelling the growth of Cotton (linter) Pulp market. Additionally, rising geriatric population is fueling the demand for adult incontinence products, thus supplementing the market growth. However, fluctuations in cotton prices due to changing climatic conditions may hamper the market growth over the forecast period.

SWOT Analysis

Strength:
– It is renewable and biodegradable in nature which makes it an eco-friendly product.
– It has excellent properties like good absorbency, brightness and opacity which makes it suitable for wide range of end-use applications.
– There is availability of raw material cotton for its production across major cotton cultivating regions globally.
Weakness:
– Price volatility of raw material cotton affects the overall production cost of cotton pulp.
– Dependence on seasonal crop production leads to fluctuations in raw material supply.

Opportunity:
– Growing demand from absorbent hygiene products like sanitary napkins and baby diapers due to rising global population and improved living standards, especially in emerging economies.
– Increasing preference for sustainable and eco-friendly products among consumers is driving demand for plant-based alternatives to wood-based pulps like cotton pulp.

Threats:
– Fluctuations in currency exchange rates can impact manufacturers’ export competitiveness.
– Slow economic growth especially in major markets like China and Europe poses challenges to market expansion.

Key Takeaways

The global Cotton (linter) Pulp market is expected to witness high growth, exhibiting CAGR of 14.% over the forecast period, due to increasing preference for sustainable absorbent hygiene products. Absorbent hygiene products such as sanitary napkins and baby diapers are the major end-use segments of cotton pulp globally.

Regional analysis Europe dominated the Cotton (linter) Pulp market in 2023, accounting for around 25% of global demand. This was attributed to large size of hygiene products industry and high per capita consumption in countries such as Germany and United Kingdom. Asia Pacific is projected to be the fastest growing regional market registering a CAGR of 16.4% during 2023 – 2030. This can be attributed to growth in population, improved standards of living, and rising environmental awareness in major Asian economies including India and China.

Key players operating in the Cotton (linter) Pulp market are Georgia-Pacific LLC, International Paper Company, Lenzing AG, Grasim Industries Ltd., Sateri Holdings Limited, Aditya Birla Group, Tangshan Sanyou Xingda Chemical Fiber Co., Ltd., Barnhardt Manufacturing Company, Shanghai Textile Raw Materials Corporation, Shandong Silver Hawk Chemical Fibre Co., Ltd., Thai Rayon Public Company Limited, Xinjiang Zhongtai Chemical Co., Ltd., Shandong Demian Incorporated Company, Gujarat Ambuja Exports Limited, and North Alabama Cotton Cooperative. Major players are focusing on capacity and geographical expansion through mergers, acquisitions and collaborations to garner higher market share.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it