China Paper and Pulp Markets Is Predicted To Grow At A 3% CAGR Over The Forecast Period : Radiant Insights,Inc
RadiantInsights.com includes new market research report on “China Paper and Pulp Markets Size, Share And Trends Report : Radiant Insights” to its huge collection of research reports.
San Francisco, California – May 26, 2016 /MarketersMedia/ —
The paper and pulp market has grown at a rapid pace in the last decade. The market uses wood as its base material to produce pulp, paper, and other cellulose-based products. The global market was worth USD 654 billion in 2015. The market is anticipated to shift its product line towards packaging materials and sanitary products. The pollutants released by paper mills can negatively impact market growth.
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China is one of the largest economies in Asia Pacific, with a significant number of paper & pulp industries in the region. China reportedly produced 99,300 tons in 2011, with a global market share of almost 25% in the same year. This industry is projected to gain significant revenue over the forecast phase (2018-2023). It was the second largest pulp producer (17.2 million tons) globally after the United States in 2014.
Products of the market include mechanical pulp, recycled pulp, BHKP (bleached hardwood kraft pulp), and BSKP (bleached softwood kraft pulp). Mechanical pulps are manufactured by a mechanical grinding process, in which the wood is softened with heat. The resulting pulp is then screened and marketed according to various grade qualities. BHKP and BSKP are manufactured through a chemical process. BHKP is produced from acacia, eucalyptus, and birch, while BSKP is produced from spruce and pine.
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The China pulp & paper industry has complied with the Chemical Oxygen Demand (COD), and environmental index tracking paper emissions and reduced it by 46% in 2009. The industry had a demand of 85 million tons related to paper and cardboard products in 2009. The market is predicted to grow at a 3% CAGR over the forecast period.
Major manufacturers of the paper and pulp markets in China are Kokusai Pulp & Paper Co. Ltd., Indah Kiat Pulp & Paper Corp., Lee & Man Paper, Qingdao Dong Fang Jia Rui International Trade Co. Ltd., and Hunan Juntai Pulp & Paper Co. Ltd.
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