Overview and Scope
Absorbent paper is a type of paper specifically designed to absorb and retain liquids. It is made from cellulose fibers and has a porous structure that allows it to efficiently soak up and hold fluids such as water, oil, and other liquids. Its key characteristics are high absorbency, strength when wet, and quick-drying capabilities.
Sizing and Forecast
The absorbent paper market size has grown strongly in recent years. It will grow from $144.79 billion in 2023 to $156.85 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to demand for personal hygiene products, advancements in manufacturing technology, a rise in the number of hospitals, an increased number of surgeries, and increased consumer awareness of health and hygiene.
The absorbent paper market size is expected to see strong growth in the next few years. It will grow to $219.50 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to the growing population, rising disposable incomes, rising sanitation awareness, economic growth, and increasing environmental concerns. Major trends in the forecast period include a shift towards sustainable and eco-friendly products, advancements in biodegradable materials, technological advancements, strategic partnerships, and facility expansion processes.
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Segmentation & Regional Insights
The absorbent paper market covered in this report is segmented –
1) By Type: Cotton Absorbent Paper, Pure Wood Pulp Absorbent Paper, Other Types
2) By Application: Diaper, Sanitary Napkin, Absorbent Mask, Other Applications
3) By End-User: Packaging, Personal Care And Home Care, Medical, Food And Beverage, Other End-Users
North America was the largest region in the absorbent paper market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the absorbent paper market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increased demand for hygiene products is expected to propel the growth of the absorbent paper market. Hygiene products encompass items such as toothpaste, deodorants, laundry detergents, medical gloves and gowns, and hand hygiene products, specifically tailored to foster cleanliness, curb the transmission of germs and illnesses, and uphold personal or environmental hygiene. Hygiene products are witnessing an increase in demand due to heightened awareness of cleanliness and hygiene, coupled with the rising concern for disease prevention and public health, driving consumers to prioritize the purchase and usage of such items. Absorbent paper is utilized in various hygiene products due to its capability to manage moisture effectively, enhance cleanliness, and provide convenience. For instance, in January 2023, according to the Department of Health and Social Care, a UK-based government department, during the period from October 2022 to December 2022, the usage of hand hygiene products increased from 0.38 million units to 0.56 million units, while the use of gloves rose from 482 million units to 525 million units. Therefore, the increased demand for hygiene products is driving the growth of the absorbent paper market.
Key Industry Players
Major companies operating in the absorbent paper market are International Paper Company, Kimberly-Clark Corporation, Smurfit Kappa Group, Stora Enso Oyj, Metsä Group, Unicharm Corporation, Suzano Papel e Celulose S.A., Domtar Corporation, Resolute Forest Products Inc., Cascades Inc., Sofidel Group, Hokuetsu Corporation, Clearwater Paper Corporation, Glatfelter Corporation, Kruger Inc., Koehler Paper Group, Neenah Inc., Mondi Group, Nippon Paper Industries Co. Ltd., Ahlstrom-Munksjo, Keryas Paper Industry, Dr. Papel, PG Paper Company Ltd., PRAK Group of Companies, Envoy Solution
The absorbent paper market report table of contents includes:
1. Executive Summary
2. Absorbent Paper Market Characteristics
3. Absorbent Paper Market Trends And Strategies
4. Absorbent Paper Market – Macro Economic Scenario
5. Global Absorbent Paper Market Size and Growth
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32. Global Absorbent Paper Market Competitive Benchmarking
33. Global Absorbent Paper Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Absorbent Paper Market
35. Absorbent Paper Market Future Outlook and Potential Analysis
36. Appendix
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