The Paper Chemicals Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Paper Chemicals Global Market Report 2024, The paper chemicals market size has grown steadily in recent years. It will grow from $38.92 billion in 2023 to $40.12 billion in 2024 at a compound annual growth rate (CAGR) of 3.1%. The growth in the historic period can be attributed to rising paper consumption, focus on sustainable paper production, increasing demand for specialty papers, urbanization and industrialization, government regulations and standards, consumer preferences for sustainable packaging, globalization of paper supply chains.
The paper chemicals market size is expected to see steady growth in the next few years. It will grow to $45.44 billion in 2028 at a compound annual growth rate (CAGR) of 3.2%. The growth in the forecast period can be attributed to economic growth, biodegradable packaging trends, increasing smart packaging applications, increasing focus on paper recycling, stringent environmental regulations, emergence of bio-based chemicals.. Major trends in the forecast period include growing preference for functional paper additives, technological advancements in paper manufacturing, focus on water and energy conservation, shift towards digitalization in paper mills, preference for alkaline papermaking, customization of paper chemical solutions.
The increase in usage of paper-based packaging is driving the growth of the paper chemicals market. Paper containers also referred to as paper packaging, are a highly efficient and affordable alternative that the public can use to move, carry, and store a variety of things. The majority of paper packaging products, including jars for soup, plates, and bowls, contain PFAS (which are paper chemicals). Paper-based packaging can be recycled easily and contributes to sustainability. For instance, according to Eurostat, around 80 million tons of packaging waste were produced in Europe, the majority of which was made up of paper and cardboard (41%), followed by plastic (19%), glass (19%), wood (16%), and metal (5%). Municipal packaging trash had a recycling rate of 82% for paper and cardboard packaging, 78% for metallic packaging, 76% for glass packaging, 41% for plastic, and 31% for wooden packages. Hence, the increasing usage of paper-based packaging and its highly sustainable properties is expected to drive the paper chemicals market in the forecast period.
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The paper chemicals market covered in this report is segmented –
1) Paper Chemicals Market By Chemical Type: Bleaching Chemicals, Pulping Chemicals, Functional Chemicals
2) Paper Chemicals Market By Form: Specialty, Commodity
3) Paper Chemicals Market By Application: Packaging And Board, Printing And Writing, Hygiene Products
Top Major Players
Technological advances are a key trend in the paper chemicals market. Companies in the market are focusing on the development of efficient paper chemicals for better overall quality of the manufactured paper. For instance, in 2022, Vertex Chem, an India-based industrial chemicals company, introduced a new range of chemicals for the pulp and paper segment. The VERPAP-SA (slushing aid) was developed to reduce the pulping time by wetting the fibers as fast as possible, which reduces the refining load and fines in the system by enabling better formation.
The paper chemicals market report table of contents includes:
1. Executive Summary
2. Paper Chemicals Market Characteristics
3. Paper Chemicals Market Trends And Strategies
4. Paper Chemicals Market – Macro Economic Scenario
5. Global Paper Chemicals Market Size and Growth
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31. Global Paper Chemicals Market Competitive Benchmarking
32. Global Paper Chemicals Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Paper Chemicals Market
34. Paper Chemicals Market Future Outlook and Potential Analysis
35. Appendix
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