Paper Recycling Market Overview:
Paper Recycling Market is valued at around USD 41.53 billion in 2022 and is expected to reach USD 60.42 billion by 2030, registering a CAGR of 4.8% over the forecast period. Waste paper is recycled by combining it with chemicals, water, and old paper.
The environmentally benign technique of recycling used paper to create new, usable paper is known as paper recycling. Tons of paper are used every day in the country for paperwork, writing, and printing, and then it is typically thrown away as trash.
The packaging business is going through a transformation towards sustainability due to the influence of customer demand and government regulations. Therefore, recycled paper, an environmentally friendly alternative, is becoming more and more popular in the packaging of several businesses, including the food and beverage, pharmaceutical, and healthcare sectors. The market is benefiting from the expanding consumer habit of recycling.
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Paper Recycling Market Impacting Factors:
The research study includes an examination of several aspects that contribute to the growth of the market. It consists of the drivers, trends, and constraints that either positively or negatively alter the market. The extent of several market categories and applications that may have future significance is also provided in this section. Based on historical turning points and present patterns, the complete information is provided.
Paper is recycled at all levels, which means that recycled paper has a wide range of uses. A sizable portion of the populace recycles paper at home for a variety of uses, including gift wrapping and handmade bags, thanks to the do-it-yourself trend. Recycled paper is utilized in the publishing industry for books, magazines, and other publications in addition to its use in industry.
The quantity of paper that manufacturers have available to them restricts the amount of demand in the paper recycling market. There is wastage of fine paper due to a lack of understanding about recycling. Strict government laws governing the import and export of waste paper have the potential to further impede market expansion.
The Paper Recycling Market – Segmentation
On the basis of type, the Paper Recycling Market is bifurcated into:
- Corrugated cardboard
- Newspaper
- Magazines
- Office paper
- Mixed paper
- Others
On the basis of application, the market is segmented into:
- Newsprint paper
- Printing and writing paper
- Packaging products
- Others
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Current Trends in the Market for Paper Recycling
Aus. Waste Recycling and the Australian government collaborated to open a paper recycling facility in Brendale, Australia, in November 2023.
Mars began a trial run of its chocolate bars packaged with recyclable paper in the UK in May 2023.
Asity stated in January 2023 that it planned to upgrade its paper recycling facility in Northumberland, UK.
The Market for Paper Recycling: A Regional Analysis:
Asia-Pacific held the highest compound annual growth rate (CAGR) in the global paper recycling market during the forecast period. Steel, mining and metallurgy, petrochemicals, oil and gas, food and beverage, and textile are among the manufacturing industries of many Asia Pacific countries, including Australia, China, India, and Japan. Because of Asia’s fast urbanization and economic growth, waste management and generation are significant social and environmental issues.
Important Key Companies Participants in the Paper Recycling Market
- Waste Management
- Republic Services
- Sonoco Recycling
- Hanna Paper Recycling
- WASCO
- Perlen Papier
- ST Paper Resources
- Wastepaper Recyclers
- International Paper
- Heinzel Group
- DS Smith
- Veolia Environment
- Remondis
- Kokusai Pulp & Paper
- Huanjia Group
- Shandong Century Sunshine
- Northern International
- China Recycling Development
- Carolina Fibre Corporation
- Other
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