Company: SEAH
Filing Date: 2025-08-29
Form Type: DRS/A
Source: 0001213900-25-082696
Chunk: 88

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-08-29
Form: DRS/A
Chunk 88
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 and landfill overuse. •Resources conservation: Save trees, water, and energy compared to producing paper from virgin materials. 60 •Lower environmental impact: Decrease greenhouse gas emissions and pollution associated with paper production. •Sustainability promotion: Encourage a circular economy by reusing materials and fostering sustainable consumption habits. Source: The Frost & Sullivan Report Value Chain Source: The Frost & Sullivan Report The value chain of the paper recycling process begins with municipal or private waste collectors and aggregators who collect waste paper from waste generators, such as households, businesses, and institutions. Recycling centers and waste management companies sort and classify the paper into grades, removing contaminants like plastics and adhesives. Logistics providers then transport the sorted paper to recycling mills. The midstream segment encompasses recycling companies, paper trading and processing companies. The sorted paper is pulped and de -inkedby the recycling companies using specialized equipment to create clean pulp. The pulp is further processed into recycled paper products and monitored by quality control teams to ensure compliance with standards. Paper trading and processing companies serve as an intermediary and focus on procurement, quality management, and market development. Recycling companies and these trading and processing companies pack and market the recycled products, which are sold to eco -consciousconsumers and businesses as sustainable alternatives. 61 In the downstream, the recycled paper is sold to the end -users, mainly the packaging and printing companies and other manufacturers. Market Size Japan’s appetite for recovered fiber remains one of the strongest in the world, even as the headline tonnage trends gently lower. Total waste -paperconsumption eased from 16,521 thousand tons in 2019 to 14,683 thousand tons in 2024, representing a modest CAGR of -1.1%. The decline is concentrated in graphic -papergrades such as imitation/colored paper, newsprint and magazines, all of which contracted in line with digital substitution. By contrast, corrugated containerboard continued to expand, rising from 8,871,005 tons in 2019 to 9,073,296 tons in 2024, an increase of more than 200 thousand tons that highlights the resilience of packaging demand driven by e -commerce, food delivery and export shipping. Looking forward, consumption is expected to stabilize further, edging down to roughly 14,500 thousand tons in 2029, a slower decline of CAGR of just -0.4%, as new recycled -linermachines, the steady rise of e -commerceand ongoing brand -ownercommitments to