Chemical Pulp Market: By Product (White Pulp and Brown Pulp), By Application (Writing Paper, Printing Paper, Industrial and Technical paper, Packaging paper, Paper Boards, and Others), and Geography

Chemical Pulp Market was valued at USD 7.4 Billion in 2023 and is projected to reach USD 11.3 Billion by 2030, growing at a 4.2% CAGR from 2024 to 2030. Chemical pulp is the wood pulping process that involves the extraction of cellulose from wood by dissolving the lignin that binds the cellulose fibers together. The rise in the consumption of paper products in educational and corporate as well as packaging and other end use are the major factors for market growth. Chemical pulp products are the best alternative for plastic-based products, the biobased product is derived from wood pulp-based lignin and can be mixed with falx for wood to create a strong nontoxic alternative to petroleum products the major factors that drive the market growth. the rise in demand for pulping chemicals is increasing due to a surge in paper board packaging applications and broad research and development of pulping chemicals and continuous quality improvement it is expected to create profitable opportunities in the market. Governments globally moving towards more digitalization consequences reduce paper production which directly impacts on chemical pulp market packaging and tissue materials are still in high demand as compared to printing paper and graphic paper which hinders market growth.  

Chemical Pulp Market Key Developments:

• In January 2022: Sonoco Products Company announced the pricing increase in Canada and the United States for all grades of uncoated recycled paperboard. The prices for all shipments will increase by USD 50 per ton beginning February 18, 2022.
• In September 2019, the Saudi Arabian Oil Company (Saudi Aramco) has completed the acquisition of Shell Saudi Arabia (Refining) Limited’s (Shell) 50% interest in the SASREF joint venture in Jubail Industrial City, in the Kingdom of Saudi Arabia, for US$ 631 million.