by The 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 obtained from cotton linters and cotton fibers by chemical and mechanical processes. It possesses properties such as high absorption capacity, biodegradability and sustainability as it is plant-based. These make it suitable for use in products such as toilet paper, facial tissues, diapers, feminine hygiene products, and filtration. The growing demand for sustainable and eco-friendly hygiene products is driving the Cotton (linter) Pulp market.
Market key trends:
Sustainability is a key trend in the Cotton (linter) Pulp market. Cotton pulp is gaining popularity as it is a renewable and biodegradable raw material. Manufacturers are shifting preferences towards cotton pulp due to stringent regulations regarding use of non-biodegradable materials and growing concerns over deforestation for wood-pulp production. Also, cotton pulp-based products are marketed as sustainable options to consumers who are increasingly opting for eco-friendly products. Furthermore, cotton pulp possesses similar absorbency as wood but outperforms it in terms of sustainability, giving it an added advantage over wood-pulp in the global pulp market.
Porter’s Analysis
Threat of new entrants: Low capital requirement and widely available raw material poses threat of new entrants in the market. However, established players have strong brand image and distribution network.
Bargaining power of buyers: Large number of buyers and lack of product differentiation increases bargaining power of buyers. Buyers can negotiate for better prices and demand value-added services.
Bargaining power of suppliers: Key raw material cotton is grown by large number of farmers worldwide which reduces bargaining power of suppliers. Substitute availability and pricing also impacts suppliers’ power.
Threat of new substitutes: Substitutes like wood pulp, synthetic fibers and recycled cotton pose threat to Cotton (linter) Pulp market.
Competitive rivalry: Intense competition exists among existing players due to large number of regional and global players. Players focus on differentiating products through innovation and brand positioning.
SWOT Analysis
Strengths: Cotton pulp is biodegradable and recyclable which gives it an environmental advantage. Raw material cotton is widely and economically available.
Weaknesses: Highly dependent on cotton crop harvest and prices makes raw material procurement challenging. Energy intensive production increases operating costs.
Opportunities: Increasing application in various industries like textile, hygiene products creates new market avenues. Rise in sustainable and eco-friendly products demand acts as opportunities.
Threats: stringent environment regulations around disposing waste water from production. Threat from emerging alternatives like hemp and bamboo pulp.
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 products. The Asia Pacific dominates the global Cotton (linter) Pulp market and is expected to grow at fastest pace owing to large production and consumption of cotton in countries like India and China.
Regional analysis: The Asia Pacific holds largest share of the global Cotton (linter) Pulp market and is expected to grow at fastest pace during the forecast period. This is attributed to large production and consumption cotton textiles in the region especially in India and China. Other emerging Asian countries like Vietnam and Indonesia are also contributing to regional growth.
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. Key players are focused on expanding production capacities and entering new application segments for business expansion.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.
