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Pulp & Paper Enzymes Market size to surpass $275mn by 2030

  • Published Date: September 6, 2022

Pulp & Paper Enzymes Market size is estimated to reach USD 275 million by 2030, as per a new research report published by Global Market Insights Inc.
 

Increasing usage of stationery products in corporate offices will be a key factor driving the market demand. The number of offices has risen dramatically in recent years, resulting in enormous expenditure on office supplies. For instance, the office real estate sales volume was recorded at more than USD 135 billion across Europe, Middle East & Africa during 2020, indicating significant opportunities for paper product manufacturers and suppliers. Also, a shift towards flexible working environment has popularized the concept of co-working spaces.
 

Companies are swiftly replacing conventional office environments with the aim of achieving reduced operational costs. A surge in the number of startups and SMEs are driving the adoption of hybrid and modern work cultures which will advocate the demand for paper-based products. Continuous surge in spending power across emerging economies has fueled the demand for e-commerce services, creating a substantial market for paperboard packaging. The consumption of pulp and paper enzymes will expand with the growth in paper & paperboard end-user domains, such as food processing, education, and ecommerce, among others.
 

Browse key industry insights spread across 200 pages with 544 market data tables & 17 figures & charts from the report, “Pulp & Paper Enzymes Market Size By Product (Amylases [Surface Coating, Deinking, Drainage Improvement], Xylanases/ Hemicellulase [Bleaching, Fiber Modification/ Fibrillation, Deinking, Debarking, Retting Of Flax Fibers], Lipase [Pitch Treatment, Microbial Control], Cellulose [Deinking, Fiber Modification/ Fibrillation, Drainage Improvement], Pectinase [Debarking, Retting Of Flax Fibers]), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2030” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/pulp-and-paper-enzymes-market
 

Widespread demand for amylases enzymes across industrial applications

Pulp & paper enzymes market share from amylases segment surpassed 2,400 tons in 2021. Amylase is a key enzyme that converts starch and glucose into sugar and is naturally produced in the pancreas and salivary glands. The enzyme offers various benefits across a wide variety of industrial applications. For example, in the paper industry, amylases are used to modify starch present in coated paper and produce a smooth finish product. Paper manufacturers leverage this conversion method to alter the viscosity of natural starch and improve the overall quality of the paper.
 

The amylases segment share from deinking is anticipated to witness over 5% CAGR through 2030. The compound is helpful in removing printing ink from coated and uncoated recycled paper grade fibers. Amylase allows for the successful utilization of recycled fibers by enabling deinking process for wastepaper. Increasing focus on the use of recycled materials to reduce production costs and attain more sustainable businesses processes will augment the consumption of amylases for treating recovered paper fibers.
 

Booming e-commerce sector to drive North America industry outlook

North America pulp & paper enzymes market valuation is set to exceed USD 75 million by 2030. Countries like the U.S. are witnessing rapid development in the e-commerce sector. It is estimated that around 15% of all sales in the U.S. are done through online channels, which is soaring with each passing day. Growing consumer shift to e-commerce platforms and a rise in online shopping will complement the demand for packaging solutions such as carton boards made from different enzymes in the region.
 

North America has also witnessed a considerable expansion of the commercial space segment, with large scale organizations boosting their office space by developing new buildings. High paper demand from the corporate and public sectors in the region has sustained the consumption of paper and paperboard products.
 

Demand for advanced packaging solutions to consolidate industry development

Major players operating in the pulp & paper enzymes market are BASF SE, Biotech, Novozymes, Dupont, AB Enzymes, Anthem Cellutions, MetGen, Nature Bioscience, KPS Bio, Enzyme Solutions, Advanced Enzymes, Rossari Biotech, Dyadic International, MAPS Enzyme Limited, Krishna Speciality Chemicals, Epygen Labs FZ LLC, Megazyme Limited, Aum Enzymes, Noor Enzymes, and Afrizymes.
 

The competitive landscape of the pulp and paper enzyme market depicts large-scale initiatives by industry players to upgrade product portfolios and gain a competitive edge. Business expansion via acquisitions, international product launches, and supplier contracts remains a key focus among the market players. For Instance, in August 2022, BASF and Nippon Paint China jointly launched eco-friendly industrial packaging in China. The new solution, which can replace traditional plastic packaging and enhancing the recyclability of paper-based packaging, represents key application areas for pulp & paper enzymes.
 

Authors: Kunal Ahuja, Tushar Malkani

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