Dissolving pulp is a refined wood pulp which has high cellulose content (> 92%) and low levels of lignin. It is mainly used by manufacturers as a raw material for the production of textiles such as viscose fibers, cellulose esters, and cellulose ethers. The demand for dissolving pulp is projected to surge in the coming years owing to the increasing applications in paper manufacturing and textiles industries. Growing awareness regarding eco-friendly substitutes of synthetic fabrics in developing economies will further support market growth over the forecast period.
The global Dissolving Pulp Market is estimated to be valued at US$ 1.67 Mn in 2024 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:
One of the key drivers propelling the growth of the dissolving pulp market is the rising demand from the paper manufacturing industry. The demand for eco-friendly paper products is increasing globally due to growing environmental concerns. Dissolving pulp has high cellulose content and low levels of lignin, making it a suitable raw material for the production of specialty papers. The consumption of dissolving pulp in the production of cigarette filter papers, banknotes, and specialty papers is increasing at a significant rate. This is expected to boost the demand for dissolving pulp from the paper industry during the forecast period. Manufacturers are focusing on developing advanced dissolving pulp production technologies to cater to the surging needs of end-use industries efficiently. New product launches and capacity expansions by market players will further augment market growth from 2023 to 2030.
SWOT Analysis
Strength: Dissolving pulp has high strength and durability making it suitable for various applications like viscose fibers, pharmaceutical products etc.
Weakness: High production and transportation costs for manufacturers. Dependence on cotton linters as raw material.
Opportunity: Rising demand for viscose fibers from textile industry boosts the dissolving pulp market. Growing pharmaceutical industry presents opportunities.
Threats: Fluctuations in raw material prices exert pressure on production costs. Stringent environmental regulations increase compliance costs.
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 2024 and is expected to exhibit a CAGR of 17% over the forecast period 2023 to 2030.]
Regional analysis shows Asia Pacific dominating the market currently due to strong presence of cellulose industries in countries like China and high demand for viscose fibers from textile industry. The region is forecast to maintain its leading position during the forecast period.
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.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it