Pulp & Paper Enzymes Market size to exceed $250 million by 2026
Published Date: April 1, 2020 Authors: Kunal Ahuja, Amit Rawat
According to a new research report by Global Market Insights, Inc., the Pulp & Paper Enzymes Market size is estimated to surpass USD 250 Million by 2026. Rising need for better quality paper along with reduced energy consumption during pulp production will drive the industry demand.
Superior function benefits of enzymes in the pulp & paper industry processes such as deinking, surface coating, bleaching, pitch treatment, and fiber modification are propelling the pulp & paper enzymes market growth. Further, the product assists in improving the water treatment operations as well as the water drainage for the paper mills. Also, factors such as the reduction in energy consumption and operating costs have shifted the focus towards the use of enzymes.
Pulp & paper enzymes have been an effective replacement for traditional chemicals and are an environmentally sustainable solution. The pulp and paper industry is governed by high environmental, economic, and political pressures to reduce the toxicity of its industrial wastewater, thus generating new growth opportunities for the pulp & paper enzymes market. Moreover, restrictions on plastic usage for packaging applications will support the paper business expansion.
Positive outlook for the pulp & paper industry through packaging applications
The demand for paper has substantially increased from the packaging industry particularly for sectors such as food processing, consumer goods, and pharmaceuticals, that will foster the pulp & paper enzymes market share. Further, benefits offered by enzymes such as improved paper smoothness, quality, durability, and lightweight is proliferating the market growth. However, penetration of digital platforms in several industries along with development in digital media is restricting the paper & pulp industry growth.
“As per industry forecasts, the global paper and paper board production is projected at 490 million tons in 2020, and is projected to grow at over 3.5% CAGR, annually, up to 2026”.
Browse key industry insights spread across 250 pages with 230 market data tables & 10 figures & charts from the report, “Pulp & Paper Enzymes Market 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, 2020 – 2026” in detail along with the table of contents:
“As per the analysis, pulp & paper enzymes market from cellulases is forecast to grow at over 7.5% CAGR through 2026 owing to enhanced focus on fiber modification and drainage improvement".
A rise in environmental concerns has shifted the manufacturer’s focus on reducing the use of harsh chemicals such as caustic soda, thereby fueling the demand for cellulase enzymes. Key factors such as the reduction in undesired deposits, improvement in machine running, enhanced drain refining are the benefits supporting demand. Improved fiber properties, enhanced product brightness via deinking process will support product usage.
Lipase witnessed a demand of over 370 tons in 2019 and is projected to grow at a considerable rate. Product usage in improving the pitch treatment and microbial control has heightened pulp quality majorly in sulfite material. Lipases assist in the elimination of triglycerides in unbleached sulfite, thereby augmenting business development.
Stringent environmental norms for the pulp & paper industry to accelerate the product growth in Europe
Technological advancement and innovations have enhanced wood fibers in superior quality cardboard production. Increasing the adoption of bio-based products will open new avenues for pulp & paper enzymes market growth in this region. Modification in policies to reduce the use of chemicals by the pulp & paper industry is among the primary factors driving the manufacturer’s attention towards the replacement of enzymes with traditional chemicals.
Rapid expansion in demand F&B and consumer goods through online sales network has fueled the APAC paper industry
The Asia Pacific holds a major revenue share over 28% in the pulp & paper enzymes market in 2019. The region is home to the fastest-growing F&B and consumer goods sectors supported by a rise in disposable incomes and urbanization. Countries in the Asia Pacific such as China and India have observed penetration of e-commerce network over the past few years, thereby fueling the demand for paper-based packaging.
Considerable regional growth can be attributed to ease in the availability of raw materials and labor coupled with favorable environment norms on industrial wastages to reduce pollutants in wastewater.
Global pulp & paper enzymes industry share is consolidated with the key manufacturers including AB Enzymes, Novozymes, BASF SE, and Dupont acquiring more than 50% industry share. Other significant producers in terms of product range and geographic presence include Buckman Laboratories Anthem Cellutions, Enzymatic Deinking Technologies, Rossari Biotech, Krishna Speciality Chemicals, KPS Bio, Nature BioScience. Biotech, and MetGen.
Key strategies observed among the manufacturers include acquisitions, collaborations on technological as well as distribution front, expansion of manufacturing capacity, and new product launches. For instance, in June 2017, AB Enzymes expanded the partnership with Genedata selector, provider of advanced software solutions, to enhance their R&D capabilities.
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