Pulp & Paper Enzymes Market 2018 key players BASF, DuPont, AB Enzymes, Novozymes, Dyadic International, Megazyme, Noor Enzymes.
Date: 2018-09-11   Author: Ronak Bora  Category: #market

Pulp & Paper Enzymes Market 2018 key players BASF, DuPont, AB Enzymes, Novozymes, Dyadic International, Megazyme, Noor Enzymes.

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.

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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.

As per a reliable survey conducted across the U.S., 62% of the consumers have negative opinions about the brands which does not use eco-friendly packaging. Most of the brands therefore, have been striving to adopt sustainable retail packaging strategies to satisfy the consumer needs. Nashville for instance, has been creating printed paper packaging for decorative packaging such gift wrappers.

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Considering the future scope of the pulp & paper industry, it would be prudent to mention that research institutes are focusing on the enhancement of alkalinity strength and thermostability of the enzymes.

The emergence of advanced manufacturing technologies will also favor the companies for large scale production. Enzymes being green chemicals, the participants in pulp & paper enzymes industry are willing to use it to improve the operations in pulp & paper manufacturing. Global Market Insights, Inc. estimates pulp & paper enzymes market to collect a notable revenue of more than USD 225 million by 2024.



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Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for AlgosOnline and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport.

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