PUBLISHER: Market Research Future | PRODUCT CODE: 1540767
PUBLISHER: Market Research Future | PRODUCT CODE: 1540767
The absorbent paper market in North America, Europe, and Asia-Pacific is projected to grow at a robust 5.1% CAGR during the research period. Absorbent paper is a form of porous paper that is intended to quickly absorb liquids or moisture. It is sometimes referred to as blotting paper or absorbent sheet. Typically, cellulose fibers from cotton or wood pulp are used to make it. These fibers are treated to form a network of linked pores that speed up absorption. Numerous uses, such as lab tests, craft projects, medical procedures, and personal hygiene items, call for the usage of absorbent paper. Absorbent paper is used in labs as a surface for drying materials or to blot surplus liquids during chromatography and gel electrophoresis. It is frequently found in face oil-absorbing sheets or as an ingredient in feminine hygiene products within the personal care category. Additionally, to absorb excess moisture and shield products from damage, packaging uses absorbent paper.
By 2022, every region's absorbent paper market in America, Europe, and Asia-Pacific showed a significant amount of fragmentation. With an astounding 11.3% market share, Kimberley Clark emerged as the industry leader, demonstrating its strong brand recognition and wide market penetration. Packaging Corporation of America has a sizable but relatively tiny share of 4.3%, yet the market is still fragmented. The majority of the market, or 56.1%, is split up among several competitors, highlighting the region's diverse competitive landscape. Thanks to its solid presence and established distribution network, Oji Holdings Corporation emerged as a significant player, securing a notable 9.0% market share. With a 3.6% market share, Mondi represents a competitive but less crowded market. Comparably, a large number of other players significantly contribute to the fragmented nature of the European market. With an 8.1% market share, Nine Dragons Paper (Holdings) Limited led the industry, demonstrating its growing clout and deliberate expansion initiatives. With a 7.6% share, Nippon Paper Industries trailed closely, demonstrating a mature market and intense rivalry. Even with these big businesses, there are still a lot of other competitors occupying a large share of the market, which highlights how fragmented the market is in the area.
The global market for absorbent paper is fragmented due to a number of variables. Segmented market demand is a result of many industries needs and uses, including printing, packaging, and hygiene products. Furthermore, local manufacturers proliferate due to regional preferences and requirements, which further diversifies the competitive scene. Strong competition frequently results in price wars and cost-cutting initiatives, which incentivizes a multitude of businesses to contend for market share via aggressive pricing tactics. Technological developments in manufacturing processes reduce entry barriers, making it easier for new firms to enter the market and causing fragmentation. Furthermore, when players compete across numerous locations, globalization and commerce allow multinational corporations to enter a variety of marketplaces, raising rivalry and escalating market fragmentation.
In general, manufacturers face a combination of possibilities and problems due to the fragmented nature of the absorbent paper market. In a competitive market throughout America, Europe, and Asia-Pacific, it not only encourages diversity and innovation but also calls for strategic differentiation and market positioning in order to effectively acquire market share.
Mondi, Cascades Inc., International Paper, Kimberly-Clark, Lee & Man Paper Manufacturing Limited, Metsa Board, Nine Dragons Paper (Holdings) Limited, Nippon Paper Industries, Oji Holdings Corporation, Packaging, Corporation of America, Hokuetsu Corporation, Rengo Co., Ltd., Smurfit Kappa, Stora Enso, UPM-Kymmene, WestRock, Daio Paper Corporation, Domtar Corporation, Clearwater Paper Corporation, and Nordic Paper are the major market players in the market.
AND ASIA PACIFIC ABSORBENT PAPER MARKET 38