Growing demand for packaging purpose & rising concern about the environment are factor that are expected to drive the demand for the recovered paper market in the forecast period, 2023-2027.
According to TechSci Research report, “Recovered Paper Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028”, The global recovered paper market is anticipated to rise at an impressive rate in the upcoming period, 2022-2027. Recovered paper is commonly used for writing, printing, and packaging purposes, such as paper bags, corrugated boxes, folding cartons, and other things. The report published in 2020 showed the total production amount of recovered paper in 2020 was nearly 228.5 million metric tons worldwide. Although recovered paper production decreased as the COVID effect declined, compared to 2000, the market has been raised to 60 %. Thus, the rise in the application of recovered plastic is expected to increase the market’s growth. Additionally, raising awareness about lightweight and home-based devices are other factors expected to impact the market’s growth through 2027 positively.
The supply of low-grade paper, high contamination of molecules, and supply chain distortion are hindering market growth. Around the world, government, and business firms’ effort to reduce the use of harmful packing material and switch towards sustainable material is impacting growth. In addition, growing demand from the print media sector for news printing purposes, making tissues for household uses, treating oil spills in rivers and oceans, and notepad for study or writing purposes are expected to influence the market growth. Thus, the abovementioned factors will drive the market growth of recovered paper globally.
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The global recovered paper market is segmented based on grade, type, and end user industry. Based on grade, the market is divided into low-grade paper, high-grade paper, brown paper, and others. Brown paper is expected to hold the largest market share in the forecast period, 2023-2027. Owing to its diverse application in various industries, recovered paper is used to make different products like industrial bags, grocery bags, inner plies of multiwall sacks, or plain wrapping paper. Thus, brown paper dominates the segment.
Based on type, the market is divided into printing and writing paper, newsprint, tissue, and containerboard. As per estimates, containerboard segment will experience the highest market share during the forecast period. The increase in corrugated box shipments, e-commerce shipping, packaged food demand, business need, and consumer preference for recycled packaging options make containerboard dominate the segment.
Based on the end-user industry, the market is divided into food & beverage, electrical & electronics, automotive, pharmaceuticals, and others. As per estimates, the food & beverage segment will experience the highest market share during the forecast period. Due to heat weldability, printability, barrier properties, economy, sustainability, and eco-friendly help the manufacturer to wrap edible products safe and secure from external forces at a reasonable price. Apart from these, government and environmental agencies’ pressure on plastic products makes recovered plastic as best product packaging alternative. Hence, food & beverage dominate the end-user industries segment.
Major companies operating in global recovered paper market are:
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” The North American region is expected to dominate the global Recovered Paper market. Packaging made from recovered paper is anticipated to gain attention in place of plastic packaging, which seriously endangers the environment, as the focus now shifts to eco-friendliness and sustainability. The paper packaging market is anticipated to be led by the United States in the region as the use of recovered paper material in a variety of sectors, including healthcare, personal care, homecare, retail, and others. Thus, in the upcoming years, the region expects to increase demand for the recovered paper industry. The report published in 2022 states that comparing the years 2015 to 2018, the demand for paper-based food packaging rises by nearly 24 %. Thus, the demand for recovered plastic is expected to increase for the packaging of food and beverages product to make edible items secure and easy to handle.
Additionally, the rising demand for tissues for household uses, the print media sector for news printing, the treatment of oil spills in rivers and oceans, and the packaging of food, beverages, and electronic goods are the reason for market growth. Thus, the demand from various industries for packaging the final product, technological advancement, and favorable government policies will impact the market’s growth and propel the global recovered paper market growth till 2027.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Recovered Paper Market, 2027- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, By Grade (Low Grade Paper, High Grade Paper, Brown Paper, and Others), By Type (Printing and Writing Paper, Newsprint, Tissue, and Containerboard), By End User Industry (Food & Beverage, Electrical & Electronics, Automotive, Pharmaceuticals, and Others), By Company and By Region, has evaluated the future growth potential of Global recovered paper market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global recovered paper market.”
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