Cellulose Market Size

Cellulose Market size was over USD 39.67 Billion in 2023 and is poised to exceed USD 140.22 Billion by the end of 2036, witnessing over 10.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of cellulose is estimated at USD 43.72 Billion. The growth of the market can be attributed by growth in pulp & paper industry. The pulp and paper industry refer to the two major uses of pulp which is extracted from natural and artificial sources. For instance, global paper output hit a record peak in 2021 of about 410 Mt, an approximate 3% rise from 2020, after three years of mild decline from 2018 to 2020.

The pulp is then used in manufacturing sanitary pads and diapers. Hence rise in purchase of sanitary pads and diapers are further estimated to boost the growth of the market over the forecast period. India sold approximately 4 billion sanitary napkins in total in 2016. This is anticipated to nearly treble to about 9 billion pieces sold by 2021.