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Pulp & Paper Enzymes Market to exceed $310 Mn by 2032
Published Date: April 24, 2023Pulp & Paper Enzymes Market size is estimated to reach USD 310 million by 2032, as per a new research report announced by Global Market Insights Inc.
The market growth is driven by the boost in paper production owing to rising awareness for quality education. Due to the growing value of education in society, governments are investing more in education than ever before.
Widespread application across the textile and pulp & paper sectors to fuel cellulose segment share
Based on product, the pulp & paper enzymes market from the cellulose segment is slated to observe over 6.5% CAGR between 2023 and 2032. The widespread application of these enzymes across a wide range of industry verticals, including textile, pulp and paper, biofuels, detergent, food and beverage, and nutraceuticals is expected to boost segment demand. Cellulose is widely utilized due to the superior quality of products produced with this enzyme. For instance, paper manufactured from fibers treated with modified cellulase improves internal bond formation and tensile strength. These advantageous properties of the product are likely to impel segment expansion through 2032.
Browse key industry insights spread across 200 pages with 544 market data tables & 17 figures & charts from the report, “Pulp & Paper Enzymes Market - By Product (Amylases [Surface Coating, Deinking, Drainage Improvement], Hemicellulase [Bleaching, Fibrillation, Debarking], Lipase [Pitch Treatment, Microbial Control], Cellulose [Deinking, Fibrillation], Pectinase), & Global Forecast, 2023-2032”, in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/pulp-and-paper-enzymes-market
Increasing use by paper mills to augment drainage improvement segment gains
In terms of application, the drainage improvement segment is set to cross USD 11 million by 2032. Cellulase (endoglucanases I and II) and hemicellulase mixtures are used for biomodification of fiber characteristics in paper mills before or after pulp beating to improve drainage and beat ability. Additionally, the report cites that numerous paper mills utilize cellulases for drainage improvement in an effort to boost productivity since it helps paper machines run more quickly, which is likely to boost the product adoption rate through 2032.
Shift towards green economy standards to foster Europe industry outlook
Europe pulp & paper enzymes market is poised to witness USD 56 million by 2032. With the implementation of the new European Union (EU) packaging standards, numerous industrial sectors are preparing to comply with sustainable packaging requirements and waste management guidelines, which is a key factor fueling regional market expansion. Furthermore, paper consumption in Europe remained steady in 2022 as the region is set to shift towards a greener economy, thereby presenting new development prospects for the European pulp & paper enzymes industry.
Acquisition tactics for better supply to define the competitive landscape
Afrizymes, Dupont, Aum Enzymes, Enzyme Solutions, KPS Bio, Dyadic International, MAPS Enzyme Limited, AB Enzymes, Nature Bioscience, BASF SE, Biotech, Anthem Cellutions, Advanced Enzymes, Epygen Labs FZ LLC, Rossari Biotech, Noor Enzymes, and Novozymes, are some of the top enterprises operating in the global pulp & paper enzymes market. These businesses focus on strategic initiatives such as collaborations, capacity expansion, and innovative product launches.