27 March 2019 – Global Sugar Cane Pulp Market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. Sugar cane pulp is a raw by-product of sugarcane waste that is compostable and organic in nature. After extraction of juice, the remaining sugarcane fiber pulp is termed as bagasse. It comprises 25% hemi-cellulose and 50% cellulose and the similar percent of lignin. It is available at the site of sugarcane production in the subtropics and tropics.
Liquefying pulps are transformed into products like rayon and cellulose acetate. It is universally accepted that eliminating 30% of the shortest bagasse fibers is essential for making pulp of satisfactory quality. The factors that are playing a major role in the growth of sugar cane pulp market are the growing demand from manufacturers for the development of eco-friendly products. However, the high cost of products and the presence of alternatives may restrain overall market growth in the years to come. The market is segmented based on types, application, and region.
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Pressed cane stalks or farm bagasse and factory bagasse are the types that could be explored in the market in the forecast period. The market may be categorized based on applications like nanocellulose, packaging and boxes, tissues, fuel, photocopier and writing paper, animal feed, and others could be explored in sugar cane pulp in the forecast period. The fuel sector comprises biogas production and electricity production.
Asia Pacific accounts for the largest share of sugar cane pulp market and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be, large production of sugarcane in developing countries like India and China. India is the world’s major consumer and the second largest producer of sugar. The Indian sugar industry is the second largest industry in the country that produces excess exportable influence over cogeneration thus playing a key catalytic role in the socio-economic transformation of the rural population.
However, the overall market is topped by Brazil. In addition, Europe and North America are also estimated to have a positive influence on future growth. However, North America is estimated to grow at the fastest pace in the years to come.
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The key players of sugar cane pulp market are Visfortec Pvt. Ltd., EcoSave, Green Home LLC, Vegware, Natural Tableware Inc., Nova Envirocom, Beijing Mercurius Technology Co., Ltd., EcoPack, Bamblu LLC, Little Cherry Ltd., and Saattvic EcoCare Products. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.