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The dissolving wood pulp (DWP) market size is estimated to grow by USD 1.40 billion at a CAGR of 2.95% between 2023 and 2028. The Dissolving Wood Pulp (DWP) market is experiencing significant growth due to several key factors. Firstly, the increasing demand for tissue and hygiene products, driven by population growth and rising health consciousness, fuels market expansion. Secondly, the rapid expansion of the textile industry, particularly in emerging economies, presents a substantial opportunity for DWP market growth. Lastly, favorable government regulations and policies, such as subsidies and incentives, support the industry's growth trajectory. These factors collectively contribute to the robust growth of the DWP market.
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The market encompasses various sectors such as industrial textiles, household textiles, automotive sector, and personal care sector. As industries focus on emission reduction technologies and wastewater treatment technologies, demand for DWP, a crucial chemical in these processes, is on the rise. Factors influencing market dynamics include cost, commercial development, and both quantitative data and qualitative data analyses. Companies consider product pricing strategies, which are often tied to the country GDP and consumer buying behavior. Economic, political, and social scenarios impact market evolution, while growth drivers such as end-use industry preferences and product or service type trends shape demand. Analytical frameworks like Porter's 5 Force's Framework, macroeconomic analysis, value chain analysis, and pricing analysis aid in understanding market nuances. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
One of the key factors driving the market is the growing demand for tissue and hygiene products. One of the factors that influence the market is the rising demand for tissues and hygiene products. In addition, a particular kind of wood pulp known as DWP is designed especially for usage in niche markets, including textile fibers, rayon, cellophane, and other hygiene items such as wipes and diapers.
Moreover, the population is growing at a rapid pace, especially in emerging nations, which is one of the key reasons driving the demand for tissue and hygiene goods. In addition, the spending on personal care and hygiene items has increased in these areas due to the growing middle class and rising disposable income. As a result, the need for DWP to manufacture these goods, including Molded Pulp Packaging (MPP), is increasing. Hence, such factors, including the eco-friendly and versatile nature of MPP, are positively impacting the market. Therefore, it is expected that MPP will also contribute to driving market growth and trends during the forecast period.
One of the major market trends is the rising demand for viscose fibers. The increasing demand for viscose fibers is due to their adaptability and environmental friendliness, viscose fibers are becoming more popular in a wide range of applications. In addition, the textile industry makes extensive use of viscose fibers because of their special qualities, which include softness, lightness, and breathability.
Moreover, cellulose fibers are widely utilized in the manufacturing of industrial, household, and apparel textiles. In addition, the demand for cellulose fibers, such as viscose fibers, is expected to increase due to the expanding fashion sector and consumers' growing preference for comfortable and sustainable clothes. Furthermore, another factor fueling the need for cellulose fibers is the growing use of non-woven goods in a variety of industries, including automotive, personal care, and healthcare sectors. Hence, such factors are positively impacting the market for cellulose fibers. Therefore, it is expected that cellulose fibers will continue to drive market growth during the forecast period.
Environmental regulations and sustainability concerns are one of the key challenges hindering the market. The global market faces various challenges associated with environmental regulations and sustainability concerns. In addition, these challenges arise due to the significant environmental impact associated with the production and disposal of DWP. For instance, DWP manufacture calls for a lot of wood, which can lead to habitat destruction and deforestation.
Moreover, it can lead to ecosystem disruption and biodiversity loss. In addition, the local ecosystems and human health may suffer as a result of these contaminants. Furthermore, environmental laws that are too strict force DWP manufacturers to use technologies for emission reduction and wastewater treatment as examples of pollution control techniques. Hence, such challenges are hindering the market during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market trends and analysis report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Aditya Birla Management Corp. Pvt. Ltd: The company offers dissolving wood pulp which derives its competitive edge from its integrated business model, with captive raw materials such as dissolving grade wood pulp, caustic soda, carbon-disulphide, power generation and steam.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about 13 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The rayon grade segment is estimated to witness significant growth during the forecast period. The growth of the market is fuelled by the increasing demand for cellulosic products in various industries, such as textiles, pharmaceuticals, cosmetics, and more. In addition, in the market, the rayon-grade segment has grown steadily and has a sizable market share such that it competes with grades such as Lux and Merino, making up a considerable portion of the market. Furthermore, the exceptional quality and numerous industry-wide uses of rayon grade are responsible for its market share.
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The rayon grade segment was the largest segment and was valued at USD 6.62 billion in 2018. Moreover, the textile sector has been the main driver of demand. In addition, the rayon-grade pulp is used by textile producers to create cellulose fibers, which are then processed into garments, yarns, and textiles. Furthermore, due to its special qualities, such as its high strength, smoothness, and absorbency, rayon grade is a great option for textiles. In addition, rayon-grade pulp is also used in the production of pharmaceuticals, cosmetics, and other high-value applications due to its purity and sustainability. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
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Europe is estimated to contribute 29% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
Another region offering significant growth opportunities to companies is North America. In North America, the term DWP comprises the manufacturing, trading, and consumption of a particular kind of pulp that is mostly utilized in the manufacturing of cellulosic products such as rayon. In addition, DWP has a sizable market in North America, where the US and Canada are the two biggest manufacturers and users of the commodity. Moreover, the robust demand for rayon across a range of end-user industries, including textiles, healthcare, and automotive, is one of the reasons propelling the market in North America. Furthermore, the DWP is a necessary raw material for the manufacturing of rayon, modal, and other cellulosic fibers, the textile sector is one of the main users of DWP in North America during the foreccast period.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments
The market caters to diverse sectors like tissue and hygiene products, textiles, and pharmaceuticals. With rising populations and disposable incomes, particularly in emerging nations, demand for personal care items such as wipes and diapers grows steadily, bolstering the market outlook for the forecast period. The rayon grade segment dominates, supplying cellulose for various applications including rayon, cellophane, and textiles. Bleached kraft pulp (BKP) plays a crucial role in this ecosystem, serving as a primary raw material for DWP (Dissolving Wood Pulp), which finds extensive use in pharmaceuticals, cosmetics, and high-end textiles like Lux and Merino. This underscores BKP's versatility across industries. As middle-class populations expand, the BKP-driven DWP market is poised for continuous growth, meeting the evolving needs of consumers worldwide.
End consumers, intermediaries, and service providers influence pricing trends and product lifecycle. Research methodologies, including subject-related expert advice, delve into government spending and research and development growth, identifying positive changes, negative changes, and threats. Winning imperatives and current focus areas are crucial amid threats from competition. Top players' rankings, geographical penetration, and market share analysis spotlight the industry's dynamics. As the DWP market evolves, understanding these elements is key to strategic decision-making and sustainable growth.
Market Scope |
|
Market Report Coverage |
Details |
Page number |
150 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 2.95% |
Market Growth 2024-2028 |
USD 1.4 billion |
Market structure |
Concentrated |
YoY growth 2023-2024(%) |
2.65 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
Europe at 29% |
Key countries |
US, Canada, Sweden, Finland, and Brazil |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Aditya Birla Management Corp. Pvt. Ltd., Amafhh Enterprises, Bracell, fujian qingshan paper industry co ltd., Fulida Group Holding Co. Ltd., Lenzing AG, Nippon Paper Industries Co. Ltd., RAG Innovations, Rayonier Advanced Materials, Sappi Ltd., Shandong Sun Holdings Group, Siam Cement PCL, and yueyang forest and paper co. ltd |
Market dynamics |
Parent market analysis, market growth and forecasting, market forecast, market analysis and report, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our market forecasting report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Raw Material
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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