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Pulp & Paper Enzymes Market Analysis

Report ID: GMI1995
Published Date: Apr 2023
Report Format: PDF

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Pulp & Paper Enzymes Market Analysis

Global Pulp and Paper Enzymes Market Size, By Product

Based on product, the pulp & paper enzymes market from the amylases segment is set to reach USD 96.8 million by 2032. Amylases are used in the paper industry to amend the natural starch content in coated sheets by the creation of high molecular weight and low viscosity starch. It serves as a paper coating paste that increases the hardness and strength of the paper, thereby facilitating the production of high-quality paper. Hence, the rising demand for amylase by paper manufacturers to enhance the viscosity and concentration of paper-coating starch is expected to push segment growth.

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In terms of application, the pulp & paper enzymes market from the surface coating segment is predicted to observe around 5% growth rate through 2032 attributed to the rising demand for coatings with advantageous properties. Surface coating is also required to improve the reliability and efficiency of automotive systems as these coatings reduce friction, which enhances wear resistance. According to a US Economy study, lowering the friction coefficient and wear in engine and valve trains saves around USD 120 billion annually. Hence, the increasing demand from the automobile sector is projected to increase the segment share.

Asia Pacific Pulp and Paper Enzymes Market Size

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Asia Pacific pulp & paper enzymes market is poised to reach USD 129 million by 2032 propelled by the new trend of lightweight packaging cardboard boxes for logistics purposes. Additionally, high product demand for packaging and distribution activities, especially from the booming F&B sector is offering new growth opportunities to the industry players. For instance, in July 2022, Confoil, an Australian food packaging business, and BASF collaborated to create a certified biodegradable and dual oven-able paper food tray. The inside of the paper tray is coated with BASF's ecovio PS 1606, a partially bio-based and certified biodegradable biopolymer developed specifically for covering paper or board food packaging.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of pulp & Paper Enzymes valued at USD 170 million in 2022 and is anticipated to grow at over 5% CAGR through 2032 owing to the growing consumer preference for sustainable and eco-friendly products.

The surface coating application segment is set to witness around 5% growth rate up to 2032 attributed to the rising demand for coatings from the automotive manufacturing sector.

Asia Pacific market is estimated to reach USD 129 million by 2032 due to the rising trend of lightweight packaging cardboard boxes for logistics purposes.

Enzyme Solutions, Advanced Enzymes, Rossari Biotech, Novozymes, Dupont, Nature Bioscience, KPS Bio, MAPS Enzyme Limited, Afrizymes, BASF SE, Biotech, Epygen Labs FZ LLC, Aum Enzymes, Megazyme Limited, and AB Enzymes are some of the top enterprises operating in the industry.