The report provides specific information on market growth and demand for various products and applications so that players can focus on profitable sectors of the paper chemicals market.
Dallas, United States - October 29, 2020 /MarketersMedia/ —
The global paper chemicals market size is projected to surpass USD 42 billion by 2025. Paper chemicals is a group of chemicals which are specifically used to modify the characteristics of paper. Paper chemicals is a group of speciality chemicals used for manufacturing and transforming the properties of paper. Paper chemicals are utilized to modify the paper in various ways by changing its properties such as brightness, colour, resistance to water, and strength. Growing paper and pulp industry in the emerging economies is expected to drive the paper chemical market in the coming years.
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Additionally, rise in the environment conservation activities such as recycling of paper is projected to boost the demand for paper chemicals in near future. The growing use of label manufacturing technologies, enhanced packaging practices, and paper packaging in the food and beverage industry to reduce plastic waste is also contributing to the market growth.
Key Market Drivers and Restraints:
Recycling of wastepaper is expected to drive the paper chemicals market
With the growing environmental concerns and shift towards sustainable practices which include recycling of waste paper, the demand for paper chemicals is estimated to grow in the coming years. A growth in the demand for flexible paper packaging, due to the rising awareness of consumer regarding the damaging effects of plastic packaging on the environment is expected to cause a surge in the use of paper chemicals.
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Major manufacturers around the world are working towards cutting down cost for manufacturing of paper packaging material and are well versed with the advantages of using recycled paper, which can cut down the cost of packaging material to almost 40%. Additionally, the growing implementation of strict government norms pertaining to reduction in carbon emissions and environmental concerns are also key factors projected to fuel the consumption of recycled paper packaging in the coming years.
The market is experiencing a swing from paper to digital means which is expected to restraint the paper chemical market. This switch has also led to the closure of inefficient, small mills coupled with losing their customer base. The demand for graphic paper is declining and can have a negative impact on the paper chemical market. Furthermore, the growing concerns over cutting down of trees for making paper and pulp is projected to affect the market growth over the forecast period.
Packaging industry is one of the emerging application for paper chemicals
Use of proper packaging protects the goods from getting damaged, till the product is delivered from the manufacturing point and reaches the final consumer. It also prevents any wastage associated to the products and reduces the transportation risk involved during delivery. The use of specialty paper chemicals helps to decrease the water and energy consumption, recycle wastepaper, and decreases the raw material intake. The use of specialty paper chemicals do not compromise other functional properties of the paper but only tend to reduce the all over paper weight.
Specialty paper chemicals have also enabled a remarkable increase in the speed of paper machines. With the rise in the e-commerce sector and online shopping activities, there is a high demand for strong packaging products. Growing industries and production of good quality products is also influencing the packaging market in a positive way. Additionally, the rise in food grade biodegradable packaging is expected to boost the demand for paper packaging, driving the market growth in the coming years.
Growing environmental concerns and the increasing need to reduce toxic emissions across the world is driving the use of recycled paper packaging. There is a growing use of recycled paper packaging in various industries such as personal care, healthcare, food and beverages, manufacturing, and several others.
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Regional Market Scenario:
Key Market Players
Archer Daniels Midland Company
Market Segments: Paper chemicals Market
By Region (tentative)
The Middle East and Africa
Company Annual Reports
Key industry leaders
Key Questions Answered
What are the key growth regions and countries?
What are the important types and technologies being used?
What are the market players doing, in terms of research and development?
Which are the new applications for this market?
What are the integrations happening?
What are the recent news, developments, mergers, or large value deals?
Raw material suppliers
Paper chemical manufacturers
Research and Innovation Organizations
Suppliers and Distributors
Other Channel Partners
Quality Control Organizations
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