Product ID: SQMIG15Q2003
Global Waste Paper Recycling Market Size, Share, Growth Analysis, By Waste Product(Corrugated cardboard, White office paper), By Application(Wrapping paper and Printing & writing Paper) - Industry Forecast 2024-2031
Report ID:
SQMIG15Q2003 |
Region:
Global |
Published Date: April, 2024
Pages:
184
|
Tables:
63 |
Figures:
75
Global Waste Paper Recycling Market Regional Insights
On the basis of region, global waste paper recycling market is divided into North America, Europe, Asia Pacific, Latin America, and MEA. The Asia Pacific accounted for the largest market share in 2022. Increasing urbanization and more developments in developing countries like India and China have increased demand for products like newspapers, packaging, and printing papers to reach a higher literacy rate. Government regulations on the use of less plastic and low production costs, as well as changing consumer preferences for appropriate and viable packaging, are all factors for driving market growth in this region. China is the largest importer of waste paper in the world, so there are many opportunities in the waste paper recycling industry in developing nations like China, India, and Japan.
Europe is expected to grow at the fastest CAGR during the forecast period. In Europe, paper is collected for recycling purposes, and the rate of collection is increasing rapidly. The percentage rises above 50% every year. Also, recycled paper supplies more than half of Europe's demand for raw materials. Newsprint is the primary end-use for recycled paper, followed by packaging products.
Global Waste Paper Recycling Market Report Snapshots
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