Company: SEAH
Filing Date: 2025-11-24
Form Type: F-1/A
Source: 0001213900-25-113788
Chunk: 96

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-11-24
Form: F-1/A
Chunk 96
---
 Environmental, Social, Governance (“ESG”) goals, to meet consumer expectations and regulatory pressures, fostering a regional shift toward a circular economy, therefore supporting the growth of metal recycling in Asia. Market Size of Paper Recycling in Asia Total consumption of paper in Asia, excluding Japan, has shown steady growth, rising from 109.6 million tons in 2019 to 124.8 million tons in 2024, at a CAGR of 2.6%. This rise is indicative of structural shifts in regional manufacturing and policy -drivensupply chain realignments. Since 2017, China has implemented stringent import restrictions on solid waste, starting with a ban on 24 types of waste, including plastics, unsorted paper, and textiles, under Operation National Sword. Effective from January 2018, these policies, driven by environmental and health concerns, drastically reduced foreign waste inflows. Tighter contamination limits (e.g., 0.05% for plastics) and subsequent bans, including a complete halt on most solid waste imports by 2021, effectively closed China’s borders to foreign waste. 66 This shift disrupted global recycling chains, redirecting waste to Southeast Asian countries and prompting exporting nations to enhance domestic recycling. The bans have reduced air pollution in China but created a supply gap for raw materials, impacting local waste processing. At the same time, Southeast Asia nations have emerged as new hubs for paper production. Concurrently, surging e -commercepackaging demand, particularly for corrugated solutions in markets like Vietnam and Indonesia, has led to an increased reliance on cost -efficientrecycled fiber. The rate of wastepaper recycling in the production of pulp and paper in Asia has increased from 54.2% in 2019 to 59.5% in 2024, and it is forecast to reach approximately 66.1% by 2029. This upward trajectory signals industry -wideoperational transformation, driven by stringent environmental mandates and technological upgrades in de -inkingand sorting that enable higher -qualityrecovered fiber utilization. Looking ahead, it is anticipated that the consumption of paper in Asia, excluding Japan, will continue to grow and reach 132.0 million tons by 2029, with a moderate CAGR of 1.1%, driven by the ongoing development of the global circular economy, as well as by the ongoing substitution of plastic for packaging. Source: The Frost & Sullivan Report Market Outlook of Paper Recycling in Asia The growth of Asia’s waste paper consumption market and optimization of