Global Waste Paper Recycling Market is anticipated to reach US$XX billion by 2026 from US$XX in 2020 at a CAGR of XX% during the forecast period.
Waste paper recycling is the process by which waste paper is turned into new paper products. Waste papers are obtained from discarded paper materials, paper mill paper scraps, and waste paper material discarded after consumer use.Waste paper, such as old newspapers, magazines, corrugated, wrapping, and packaging papers, among others, are recycled for reuse.
Increasing demand of the paper-based packaging products in the food and industrial markets will also brighten the future prospects of the paper recycling business in the next few years. Packaging waste, if not recycled, may pollute the environment and create serious health problems.
Waste paper recycling offers various advantages, such as saving energy, water, and landfill space, which in turn is impacting the growth of the waste paper recycling market. Waste paper recycling reduces greenhouse gas emissions, and recycled fiber is a sustainable, cost-saving resource for making new paper products.
The development of the Global Waste Paper Recycling Market is driven by increased environmental concern. In addition, public rules have lowered the supply of raw material for the new paper manufacture and increased new paper prices. The development of the market has been driven.
The environmental impact of waste paper recycling is propelling the market growth. One of the most significant properties of paper is its potential to be recycled numerous times that saves the cost involved in the production of new paper and hence influences the growth of the waste paper recycling market. Recycled paper is the main source of raw material for most Paper mills. The scarcity of the channel for collecting waste paper however is the greatest restriction on the market.
There are lots of opportunities in the paper recycling market in the developing countries such as China because is the leading importer of waste paper in the world. This scenario could be reversed by the increase in domestic production of the recovered paper in the country.
Global Waste Paper Recycling Market – By Type
• Corrugated Cardboard
• White Office Paper
• Mixed Paper
Global Waste Paper Recycling Market
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The corrugated cardboard segments held the largest share of XX% in 2020 ofthe global waste paper recycling market. The largest share of the segment in waste paper recycling market is mainly attributed to a surge in demand for corrugated cardboard from the packaging industry in developed and developing countries such as the US, Canada, Germany, France, China, India, and Australia.
Global Waste Paper Recycling Market – By Application
• Wrapping Paper
• Printing and Writing Paper
Among all the segments, printing and writing paper segment has led the waste paper recycling market in 2020. Nowadays, the use of printing and writing paper products is found across offices, homes, schools, and other government agencies. The application of print and writing paper has evolved over time so as to the dynamic and emerging needs of individuals to communicate, inform, and initiate business transactions in a contemporary way. These factors are fueling the growth of the waste paper recycling market.
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Regional analysis includes:
Global Waste Paper Recycling Market1
Among all the regions, Europe has led the waste paper recycling market in 2018 more than 57 million tons of paper is collected and the collection rate is steadily increasing, in Europe for recycling activities. Exceeding 50% every year. Also, more than 50% of the raw material demand in Europe is fulfilled by recycled paper. Newsprint, followed by packaging products, is the largest end-use application of recycled paper.
• Cascades Recovery
• Global Waste Recyclers Ltd
• Hanna Paper
• Heinzel Holding GmbH
• Republic Services, Inc.
• International Paper
• Perlen Papier AG
• Sonoco Products Company
• ST Paper Resources PTE LTD
The objective of the report is to present a comprehensive analysis of the Global WastePaperRecyclingMarket to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report.
The reports also helps in understanding Global Waste Paper Recycling Market dynamics, structure by analyzing the market segments and project the Global Waste Paper Recycling Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Waste Paper Recycling Market make the report investor’s guide.
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