 |
| Cotton (linter) Pulp market |
The global Cotton (linter) Pulp market is estimated to be valued at US$ 367.1 Mn in 2023 and is expected to
exhibit a CAGR of 14.% over the
forecast period 2023 to 2030, as highlighted in a new report published by
Coherent Market Insights.
Market Overview:
Cotton pulp is derived from cotton processing waste which forms the basic raw material
for many products. It finds applications in various industries like textile,
paper, chemical as well as hygiene products. It is used for manufacturing
products like disposable diapers, pads and tampons. Cotton pulp based products
offer advantages like absorbency, comfort, breathability and skin friendliness
as compared to synthetic fiber based products. Growing demand for cotton based
hygiene and personal care products is expected to drive growth of the Cotton
(linter) Pulp market over the forecast period.
Market key trends:
One of the key trends witnessed in the Cotton (linter) Pulp market is growing
emphasis on sustainability. Manufacturers are focusing on developing
eco-friendly products and promoting alternative uses of cotton processing
waste. For instance, cotton pulp can be used as solid fuel or processed further
to make paper products, thereby reducing waste. Another notable trend is
development of innovative cotton pulp based personal care products like natural
cotton-based pads and tampons. Technological advancements in cotton processing
are enabling improved recovery and use of cotton pulp, thus supporting
sustainable production. Growing consumer preference for natural fiber based
products is expected to propel demand for cotton pulp over the coming years.
Porter's Analysis
Threat of new entrants: The Cotton
(linter) Pulp market requires high initial investments in research and
development as well as processing equipment. This poses a significant barrier
for new companies to enter the market.
Bargaining power of buyers: The presence of several established players in the Cotton
(linter) Pulp market gives buyers significant bargaining power in terms of
pricing and quality.
Bargaining power of suppliers: Raw cotton is abundantly available owing to
large scale cotton cultivation. This reduces the bargaining power of suppliers
in the Cotton (linter) Pulp market.
Threat of new substitutes: The market for cotton pulp has low threat from
substitutes due to high strength, biodegradability and other superior
properties over substitutes like wood pulp.
Competitive rivalry: The global Cotton (linter) Pulp market is moderately
competitive due to presence of number of large players operating globally.
Key Takeaways
The global Cotton (linter) Pulp market is expected to witness high growth,
exhibiting CAGR of 14.% over the
forecast period, due to increasing demand for sustainable and eco-friendly
absorbent materials.
The Asia Pacific region is expected to dominate the global Cotton (linter) Pulp
market over the forecast period. Factors such as rapid industrialization, huge
consumer base and rising disposable income in the region will drive the Cotton
(linter) Pulp market growth. Countries like China, India are anticipated to be
the fastest growing national markets.
Key players operating in the Cotton (linter) Pulp market are Georgia-Pacific
LLC, International Paper Company, Lenzing AG, Grasim Industries Ltd., Sateri
Holdings Limited, Aditya Birla Group, Tangshan Sanyou Xingda Chemical Fiber
Co., Ltd., Barnhardt Manufacturing Company, Shanghai Textile Raw Materials
Corporation, Shandong Silver Hawk Chemical Fibre Co., Ltd., Thai Rayon Public
Company Limited, Xinjiang Zhongtai Chemical Co., Ltd., Shandong Demian
Incorporated Company, Gujarat Ambuja Exports Limited, and North Alabama Cotton
Cooperative. These players are focusing on new product launches and
geographical expansion to gain competitive advantage in the market.
Read More: https://www.trendingwebwire.com/cotton-linter-pulp-market-to-witness-high-growth/