Dissolving Pulp Market is Estimated to Witness High Growth Owing to Rising Demand from Textile Industry
Dissolving pulp, also known as cellulose pulp, is a refined wood pulp product used as a raw material in the manufacturing of regenerated cellulose fibers. It is made from fast-growing trees and is designed to dissolve when steeped in alkali solutions to form viscose and other derivatives. Key end uses of dissolving pulp include the production of rayon, acetate, and specialty cellulose. Rayon is primarily used in textiles such as suits, shirts and dresses.
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 Dynamics:
The global dissolving pulp market size is witnessing high growth owing to the rising demand from the textile industry. Dissolving pulp is the primary raw material used in manufacturing cellulose-based textile fibers such as rayon and acetate. According to Industry sources, the global textile industry consumes around 6 million tons of dissolving pulp annually. Factors such as growing population, rising disposable incomes in developing nations, and the shift towards more comfortable clothing have boosted the demand for rayon and other cellulose fibers from the textile industry in recent years. This in turn is driving the consumption of dissolving pulp. Another key driver for the market is the growing emphasis on sustainability and circular economy. Dissolving pulp producers are focusing on using wood pulp from sustainable and renewable resources such as fast growing eucalyptus trees to produce a biodegradable raw material that replaces synthetic fibers. This is increasing the adoption of dissolving pulp based viscose and specialty fibers in various end-use industries.
SWOT Analysis
Strength: Dissolving Pulp Market has experienced strong growth over the past decade driven by increase in textile demand. The market possesses strong infrastructure for cellulose extraction from cotton and wood sources which has led to reliable supply chains. Innovation in extraction techniques has improved yields and lowered costs of production.
Weakness: The market is dependent on cotton and wood as key raw materials which are prone to price and supply fluctuations. Adverse climate conditions can impact raw material availability. Additionally, stringent environmental regulations around harvesting wood increase compliance costs.
Opportunity: Developing economies in Asia Pacific and Middle East regions are expected to drive robust textile demand over the forecast period given rising incomes. This offers new market opportunities for pulp suppliers. Additionally, R&D into alternative fiber sources such as agricultural residues can help reduce raw material dependence.
Threats: Environmental activism around deforestation poses regulatory threats if sustainable harvesting practices are not implemented. Substitution threat from new fiber technologies for textiles like bamboo based rayon. Trade restrictions and tariff wars between major economies also impact supply chain dynamics.
Key Takeaways
The global Dissolving Pulp Market is expected to witness high growth over the forecast period supported by strong textile demand from Asia Pacific region. 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.
The Asia Pacific region currently dominates the market owing to large presence of textile industry hubs and availability of cotton and wood resources. Countries like China, India and Indonesia are highest producers and consumers of textile grade pulp. Key players focus on these regions for capacity expansion to cater growing demand.
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. These companies are focusing on increasing production capacities and expanding distribution networks to leverage opportunities in Asia Pacific region. Innovation in fiber sources and manufacturing processes are also key focus areas.
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