Growing flexible paper demand from food & beverage and packaging industry will proliferate the global paper chemicals industry
The global paper chemicals market size is projected to reach nearly USD 62.2 billion by 2028. Additionally, the market is forecasted to grow a CAGR of above 2.2% over the forecast period of 2020-2028. Paper chemicals is a group of chemicals which are specifically used to modify the characteristics of paper. It is utilized to enhance the properties of paper, including illumination, color, strength, recycling properties, weight, paper quality and associated properties. To obtain the specific attributes the paper is processed through multiple process comprising bleaching, pulping, strengthening, and sizing. The ongoing efforts of the industry players in order to improve the capabilities of paper is anticipated to drive the industry size in the coming years.
The report also outlines the various characteristics of the global Paper Chemicals industry by assessing the market from value chain analysis. Moreover, the Paper Chemicals market report comprises various qualitative parts of the Paper Chemicals industry in market restraints, essential industry drivers, and opportunities. Furthermore, the report provides a complete assessment of the market through company profiling and the competitiveness of the local as well as global vendors.
The paper chemicals market has huge competition amongst the already well-known and new market players. Also, the paper chemicals industry players are pursuing potential markets to seize a competitive lead among the other industry players by forming mergers & acquisitions, agreements, acquiring other companies & new startups, establishing collaboration & partnerships, and growing their business existence.
The shift toward appealing finish and texture of paper has led to a significant upsurge in the high-performance chemical demand. The growing demand for packaged commodities along with the rising inclination toward online shopping is increasing the dependency on paper. In addition, the growing consumption of paper products, such as wraps, baggage, and cups along with steady growth across print media, including newspaper, journals, and magazines as magazines is augmenting the paper demand. This in turn is compelling industry participants to develop advanced products which is leading to boost across the industry.
Europe is expected to experience the significant growth over the forecast period. The ongoing introduction of lightweight and high-performance grades of paper across the consumer goods and food & beverage industry is stimulating the industry size in the region. Furthermore, government and regulatory bodies are promoting adoption of recyclable paper and imposing the bane of plastics, which in turn is fueling the paper demand. The recent boost by the government authorities to develop environment friendly chemical will further complement the industry size over the forecasted timeline.
The major players of the global paper chemical market comprise of Kemira Oyj, BASF, Akzonobel N.V., Ecolab, Solenis, Ashland Inc., Harima Chemicals Group, Inc., Buckman Laboratories International, Inc., Archroma, IVAX Paper Chemicals Ltd. The market for paper chemical is consolidated with the presence of established global and domestic players across the globe. Moreover, the established companies are shifting focus toward establishing manufacturing facilities associated with the production of paper. Furthermore, the industry players are coming up with inorganic growth strategies to expand their market presence.
Segment Overview of Global Paper Chemicals Market
Type Overview, 2018-2028 (USD Billion)
- Process Chemicals
- Functional Chemicals
- Pulp Chemicals
Form Overview, 2018-2028 (USD Billion)
- Specialty Chemicals
- Commodity Chemicals
Regional Overview, 2018-2028 (USD Billion)
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Middle East and Africa
- UAE
- South Africa
- Rest of Middle East and Africa
South America
- Brazil
- Rest of South America