Pre & Post COVID-19 Market Estimates-Paper Chemicals Market 2020-2024 | Increasing Demand for High-performance Chemicals to Boost Market Growth | Technavio

Technavio has announced its latest market research report titled Paper Chemicals Market 2020-2024 (Graphic: Business Wire)

LONDON--()--The paper chemicals market is expected to grow by USD 5.39 billion during 2020-2024. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. The impact can be expected to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact on the full-year economic growth, according to the latest market research report by Technavio. Request a free sample report

The growth of the packaging industry in APAC and South America is resulting from the expansion of the e-commerce sector, which in turn is fostering the demand for paper chemicals. In addition, the demand for high-performance paper chemicals is increasing with the growing need for different kinds of specialty paper from the packaging industry. As a result, chemical manufacturers are increasingly focusing on introducing new and advanced products. Furthermore, the global paper chemicals market is witnessing expansion and new growth opportunities with the advent of next-generation enzymes. Thus, the increasing demand for high-performance chemicals from paper manufacturers is expected to drive market growth during the forecast period.

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41006

As per Technavio, the rise in demand for lightweight materials will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.

Paper Chemicals Market: Rise in Demand for Lightweight Materials

The growing need to package F&B and consumer goods is propelling the demand for packaging materials. However, vendors are also focusing on ensuring quality compliance and minimizing the transportation costs of packaged commodities. This has encouraged them to introduce high-performance and lightweight grades of paper. The use of lightweight packaging materials helps in lowering the carbon footprint, improves the transportation of packages, and minimizes manufacturing costs. With the rise in demand for lightweight materials, the market for paper chemicals is expected to showcase a positive outlook during the forecast period.

“The adoption of digital manufacturing for paper production and technological advances are some other major factors that will boost market growth during the forecast period,” says a senior analyst at Technavio.

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Paper Chemicals Market: Segmentation Analysis

This market research report segments the paper chemicals market by type (bleaching chemicals, pulping agents, sizing agents, binders, and others), and geography (APAC, Europe, North America, South America, and MEA).

The APAC region led the paper chemicals market in 2019, followed by Europe, North America, South America, and MEA. During the forecast period, the APAC region is expected to register the highest incremental growth due to factors such as the growing demand for paper from different industries.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report

Some of the key topics covered in the report include:

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The paper chemicals market size has the potential to grow by USD 5.39 billion during 2020-2024

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/