APAC pulp & paper enzymes market will witness gains over 6.5% by 2024. Increasing enzymes adoption in manufacturing facilities due to its enhanced benefits will stimulate the regional demand.Global pulp & paper enzymes industry share is highly consolidated with the key manufacturers including AB Enzymes, Dupont, Novozymes acquiring more than 50% industry share.
Sellbyville, DE -- (SBWIRE) -- 02/02/2019 -- Global Pulp & Paper Enzymes Market size was worth over USD 125 million in 2016 and estimated to surpass USD 225 Million by 2024. Pulp & Paper Enzymes Market will surpass 9,500 tons by 2024; according to a new research report by Global Market Insights, Inc.
The adoption of strategies like 'waste to useful commodity' to reduce waste in the environment is certain to spur pulp & paper enzymes market. An instance of this fact can be attributed to a series of events that has taken place in the U.S. in recent years. In the year 2014, it was reported that the farmers near the area of southeastern Washington had burned nearly 400,000 tons of straw residue with the permission of the State Department of Ecology, which emitted 556,000 tons of carbon dioxide.
In order to reduce the hazardous effect of CO2 on the environment, the government established a pulp mill in the area. Apparently, waste wheat and alfalfa straw would be used to extract cellulose in this mill, thereby leading to twin benefits of waste straw usage for environment conservation and cellulose production from the wheat and straw processing. The implementation of this strategy on a large scale is likely to impel pulp & paper enzymes industry share. As per the estimates, in 2016, pulp & paper enzymes market generated a revenue of USD 125 million.
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Necessity for deinking, fibrillation and fiber strength enhancement in paper production has enhanced pulp & paper enzymes market growth. Increasing environment awareness along with shifting preference towards eco-friendly solutions will remain key factors driving product demand.
Increasing paper packaging demand from food processing, pharmaceutical, healthcare and consumer goods industries will foster pulp & paper enzymes market growth. Further, benefits offered including tamper proof, convenient, durable and lightweight is anticipated to increase product penetration. Globally, paper packaging contributed above 35% in the overall packaging industry in 2016.
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Wide range of product usage in newspaper, corrugated board and writing pads that are used frequently will support the industry growth. Low energy consumption, reduced cost and enhanced product quality due to enzymes usage will propel demand. Increasing digital platforms in several industries along with development in digital media may hamper pulp & paper enzymes market growth.
Pulp & Paper Enzymes Market by Product
- Surface coating
- Drainage improvement
- Xylanases/ Hemicellulase
- Fiber modification/ fibrillation
- Retting of flax fibers
- Pitch treatment
- Microbial control
- Fiber modification fibrillation
- Drainage improvement
- Retting of flax fibers
- Others (Lacases, Levan)
- Slime removal
Amylase is estimated to be over USD 75 million by 2024. Potential applications including cleaning, deinking, drainage improvement and surface coating will drive product demand. Rising demand for smooth sheets for printing application will boost product penetration.
Cellulose will witness over 7% CAGR till 2024. Stringent regulations on harsh chemical usage including caustic soda will fuel the product demand. Reduced undesired deposits, improvement in machine running, enhanced drain refining are the benefits supporting demand.
Lipase witnessed a demand of over 300 tons in 2016. Improved pitch treatment and microbial control by the product has enhanced pulp quality particularly in sulfite material. Elimination of triglycerides in unbleached sulfite is the major characteristics supporting the product growth.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
3. AB Enzymes
4. Associated British Foods plc
6. Dyadic International, Inc.
7. Advanced Enzyme Technologies Ltd
8. Maps Enzymes Ltd. - India
11. Noor Enzymes
12. Anthem Cellutions (India)
13. Creative Enzymes
14. Rossari Biotech Ltd
16. Krishna Speciality Chemicals
18. Nature BioScience
19. Amano Enzyme Inc.
21. EDT-Enzymatic Deinking Technologies, LLC
22. DENYKEM LIMITED
24. Advanced Enzymes
In 2016, North America pulp & paper enzymes market was over 38 million. Rising ecofriendly packaging demand and presence of large scale product manufacturers is driving the regional pulp & paper enzymes market growth. Further, advanced supply chain mechanism and strong economic conditions are contributing in the regional growth.
APAC pulp & paper enzymes market will witness gains over 6.5% by 2024. Increasing enzymes adoption in manufacturing facilities due to its enhanced benefits will stimulate the regional demand. Easy availability of resources and labor coupled with environment regulations on industrial wastages are driving the industry, as the product reduce pollutants in waste water.
Global pulp & paper enzymes industry share is highly consolidated with the key manufacturers including AB Enzymes, Dupont, Novozymes acquiring more than 50% industry share. Other significant producers in terms of product range and geographic presence in the pulp & paper enzymes market includes Enzymatic Deinking Technologies, Buckman Laboratories Anthem Cellutions, Krishna Speciality Chemicals, Rossari Biotech, KPS Bio, Biotech, Logen Corporation, MetGen and Nature BioScience.
Strategies including expansion of manufacturing capacity, collaborations, agreements and new product launch are being adopted by these companies. Novozymes acquired logen Corporation's industrial enzyme business in 2013 for USD 53.8 million.
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