Paper Processing Resins Market size was over USD 85.37 Million in 2023 and is poised to cross USD 169.14 Million by the end of 2036, witnessing more than 5.4% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of paper processing resins is estimated at USD 89.52 Million. This progress is owing to the increasing demand for superior quality paper across innumerable industries such as education, entertainment, packaging, research, and others. More than 350 million metric tons of paper and cardboard are produced across the world every year, which is projected to drive the paper processing resins market.
Paper processing resins are additives used during the production of paper to alter its physical characteristics, such as texture, strength, thickness, and durability as well as to improve its chemical, heat, and water resistance. The booming paper & pulp industry has been increasingly embracing paper processing resins in the manufacture of high-quality paper to meet global demand. For instance, the production of paper and cardboard worldwide is known to cross 400 million metric tons every year. Growing demand for innovative packaging systems from various industries, owing to the demand for paper and duplex board for the efficient package, is boosting the paper processing resins market. The strong prevalence of printed and aesthetic design in the building and construction industry has boosted the demand for interior designing which lead to demand for design papers such as wallpaper. Owning to this, the growth of paper processing resins seems to rise. However, the production of digital magazines, e-books, e-news, and social media platforms is projected to hamper the growth of this market.
Growth Drivers
Growing Education Industry - The education sector is rapidly expanding to cater to the needs of the urban as well as the rural population who wish to empower themselves to compete in the global arena. Despite digitization, paper is projected to be the backbone of learning during the forecast period and beyond. According to the statistics by the U.S. Bureau of Labor Statistics (BLS), the number of private establishments in educational services in the United States grew from 137483 numbers in the 1st quarter of 2021 to 144803 numbers in the 4th quarter of 2021.
Rising Environmental Awareness - There is a greater urgency to replace plastic bags and other packaging materials with paper to protect the environment, which is predicted to drive market growth. According to the United Nations Environment Program (UNEP), USD 1 Million plastic bottles are purchased every minute globally, and around USD 5 Trillion plastic bags are used every year worldwide.
Demand for Aesthetic Paper in Construction Industry - Lately there has been a trend in the use of wallpapers for decorative purposes in homes worldwide, which is predicted to continue over the forecast period with the booming construction industry. On average, the construction industry in the United States witnessed an annual expenditure of about USD 1200 Billion.
Growing Population - The increasing global population, which is projected to touch nearly USD 10 Billion by the end of 2028, calls for the use of good quality paper across multiple areas, thereby driving the market for paper processing resins.
Rise in Disposable Income of a Growing Middle-Class Population - This along with greater awareness about hygiene is anticipated to propel the paper processing resins market. According to the statistics by the Organization for Economic Co-operation and Development (OECD), the household disposable income in the United States and European Union grew from USD 50333/per capita and USD 30306/per capita in the year 2017 to USD 58308/per capita and USD 32956/capita in the year 2020.
Challenges
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Base Year |
2023 |
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Forecast Period |
2023-2036 |
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CAGR |
5.4% |
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Base Year Market Size (2023) |
USD 85.37 Million |
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Forecast Year Market Size (2036) |
USD 169.14 Million |
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Regional Synopsis |
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End-user (Writing Paper, Printing Paper, Kraft Paper, Decorative Paper, Duplex Boards, Paper Napkins/Towels, Paper Wipes, Special Paper)
The global paper processing resins market is segmented and analyzed for demand and supply by end-use into writing paper, printing paper, kraft paper, decorative paper, duplex boards, paper napkins/towels, paper wipes, and special paper. Out of them, the kraft paper segment is projected to hold the largest share of the market by the end of the forecast period owing to the boom in online shopping and the use of kraft paper in packaging. It was found that Kraft Paper witnessed a total trade of over USD 13 Billion in the year 2020 and was known to be the 248th most traded product in the same year.
Type (Dry Strength Resins, Wet Strength Resins); Material (Acrylic Resins, Bio Polyesters, Melamine Formaldehyde, Butadiene Resin Latex, Epoxy Polyamide, Polyacrylamide)
The global paper processing resins market is segmented and analyzed for demand and supply by type into dry-strength resins and wet-strength resins. Among these, the wet-strength resins segment is anticipated to hold the highest market share in the forecast period. The wet strength resins are more convenient and cost-friendly as compared to dry strength resins. Wet-strength resins are majorly used in the production of paper towel napkins, tissues, or liquid packaging. With wet strength resins the production cost of products reduces as a result of which high-quality product is produced at less price.
Our in-depth analysis of the global market includes the following segments:
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By Type |
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By Material |
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By End Use |
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APAC Market Statistics
The market in the Asia Pacific is projected to hold the largest market share by the end of 2036. China is predicted to supersede the United States as the world’s leading producer of paper and paper products. In fact, in the year 2020, paper production in China touched nearly 115 Million metric tons, which was about double the output of the United States. The growing economy and literacy and the rise in disposable income among an expanding middle-class population are likely to drive the demand for different kinds of paper like paper wipes, decorative paper, and other specialty paper in developing countries. Brands situated in Japan, China, and the Indian region are planning on expanding their paper industries in the region to meet the high demands for paper in the Asia Pacific region.
North American Market Forecast
On the other hand, the market in the North American region is anticipated to share significant growth in the forecast period. The players in the North America now has started focusing on the paper industry to produce more paper bags that are eco-friendly and reusable. Other than paper bags, the North American region is highly indulging itself in the production of other types of papers as well such as special papers, paper wipes, kraft paper, and many more.
Wacker Chemie AG announced a collaboration with notable label manufacturers to initiate a recycling program to collect and recycle release paper made from high–quality cellulose fiber.
DIC Corporation announced the acquisition of Chinese coating resins manufacturer Guangdong TOD New Material Co., LTD, to expand its Asian market presence.
Author Credits: Rajrani Baghel
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