Environmental Awareness And Technological Advancement Drive The Growth Of The Global Specialty Pulp & Paper Chemicals Market
The global specialty pulp & paper chemicals market is segmented into product, application, and region. On the basis of product, the global specialty pulp & paper chemicals market is segmented into basic, functional, bleaching, and process. On the basis of application, the global specialty pulp & paper chemicals market is segmented into packaging, labeling, printing, and others. On the basis of region the global specialty pulp & paper chemicals market is segmented into Latin America, Europe, Asia Pacific, North America, and Middle East & Africa.
Growing product utilization in labeling and packaging applications will result in considerable gains over the coming years for the global specialty pulp & paper chemicals market. The development of the global specialty pulp & paper chemicals market is further expected to boost owing to the launch of labeling manufacturing technologies, improved packaging practices, and utilization of case-prepared packaging.
Additionally new strategies by market companies such as regional expansion, partnerships, mergers and acquisitions, new product launches, and distribution agreements to surge their revenue share is taking place coupled with R&D investments and technological advancements. Pertaining to these factors it is estimated that the global specialty pulp & paper chemicals market will touch the market size of USD 27.0 billion by the year 2026 growing at CAGR of 3.1%.
Here are some more points to help explain about the global specialty pulp & paper chemicals market:
- Stringent regulations relating to the generation of pulp and paper, forced by environmental bodies, for example, the EPA will make North America experience sluggish development.
- In 2017, Asia Pacific dominated the market share and is expected to continue its dominance in the forecast period. Interest for strength mash and paper for packaging applications has noteworthy volume development in the area. Increase in retail framework improvement, upheld by developing requirement for bundled products in Asia Pacific, has driven the territorial market.
- Some of the main businesses operating in the global specialty pulp & paper chemicals market are Kemindo International, Ashland Incorporated,SNF Floerger, Buckman Laboratories International, Inc.,and Dow Chemical Company.
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