Company: SEAH
Filing Date: 2025-11-24
Form Type: F-1/A
Source: 0001213900-25-113788
Chunk: 91

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-11-24
Form: F-1/A
Chunk 91
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 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. 62 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 fiber -basedpackaging offset most of the graphic -paperretreat. The waste -paperrecycling rate in domestic pulp and paper production has climbed from 79.5% in 2019 to 81.7% in 2024 and is forecast to reach about 82.5% by 2029. The upward drift signals a progressively greener furnish mix, enabled by Japan’s exceptionally efficient collection network, advanced de -inkingtechnology and growing corporate decarbonization targets. In short, while absolute volumes may inch lower, the sector’s dependence on recycled fiber is deepening, positioning Japan to meet sustainability goals and maintain a vibrant circular -economymodel even in a maturing paper market. Source: The Frost & Sullivan Report Market Drivers and Trends Analysis High recovery and utilization rates:Japan’s paper recovery rate and the recovered paper utilization rate reached 81.7% and 66.63% in 2024 respectively. These high rates are attributed to a sophisticated waste collection infrastructure