What is the global market size of Waste Paper Recycling Market?

Waste Paper Recycling Market size was valued at USD 41.53 billion in 2021 and is poised to grow from USD 43.19 billion in 2022 to USD 61.42 billion by 2030, growing at a CAGR of 4.8% in the forecast period (2023-2030).

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 Dynamics

Driver

Favourable Environmental Impact of Paper Recycling

Favourable environmental impact of paper recycling drives the waste paper recycling market. Recycling causes 35 % less water pollution and 74 % less air pollution than making new paper. Recycling a ton of newspaper also eliminates 3m³ of garbage. As paper decompose in the ground it produces methane, which is a powerful greenhouse gas. On balance, it seems that recycling paper is still much better than producing it from fresh pulp.

Restraint

Inefficient Waste Paper Collection and Segregation

Ideally, consumers and businesses used their waste paper for recycling plants that could create new paper for forever reuse. But in reality, paper fibres degrade each time they are recycled- paper can typically be recycled no more than five times before it loses essential qualities like fibre strength and length. Different grades of paper must be handled separately during the recycling process. For example, corrugated cardboard and mixed paper are suitable for recycling into the low-grade paper used in products such as brown bags, paper boards, and egg cartons. High-grade recycled paper, required for printing, can only be made from the same high-grade paper. This inefficient waste paper collection and segregation factor hampers the growth of global waste paper recycling market worldwide.

Global Waste Paper Recycling Market Report Snapshots

License Type Top market research company in USA

File Type

$5,300

BUY NOW GET FREE SAMPLE

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global Waste Paper Recycling Market size was valued at USD 42.97 billion in 2022 and is poised to grow from USD 44.82 billion in 2023 to USD 62.77 billion by 2031, at a CAGR of 4.3% during the forecast period (2024-2031).

Key market players are focusing on growing their customer base in order to gain a competitive advantage. As a result, key players are adopting variety of strategic initiatives, such as mergers & acquisitions and partnerships. To increase penetration across profitable areas, major players in global waste paper recycling market are maintaining successful relationships with various companies. For example, in September 2022, Huhtamaki and Stora Enso joined forces to launch Cup Collective, a new paper cup recycling initiative. In Europe, the program aims to recycle and capture used paper cups on an industrial scale. Initially, the program will be implemented in the Benelux. With the aim of setting new standards for paper cup collection and recycling in Europe, The Cup Collective has issued an open invitation to partners throughout the supply chain to participate in working towards a systematic European solution. 'International Paper Company', 'Georgia-Pacific LLC', 'Waste Management Inc.', 'DS Smith PLC', 'Pratt Industries, Inc.', 'Cascades Inc.', 'Mondi Group', 'UPM-Kymmene Oyj', 'Nine Dragons Paper Holdings Limited', 'Smurfit Kappa Group plc', 'Stora Enso Oyj', 'Nippon Paper Industries Co., Ltd.', 'Lee & Man Paper Manufacturing Ltd.', 'WestRock Company', 'Huhtamaki Oyj', 'Sappi Limited', 'Svenska Cellulosa Aktiebolaget (SCA)', 'Kimberly-Clark Corporation', 'Sonoco Products Company', 'Oji Holdings Corporation'

Favourable Environmental Impact of Paper Recycling

The development of advanced technologies for sorting and processing waste paper, which has improved the efficiency and quality of recycled paper production is the ongoing trend. Additionally, there is a growing trend towards circular economy models, where waste paper is seen as a valuable resource that can be reused and recycled into new products, rather than being discarded as waste.

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.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

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

Global Waste Paper Recycling Market Dynamics

Global Waste Paper Recycling Market Report Snapshots

Want to customize this report?

FAQs

What is the global market size of Waste Paper Recycling Market?

Who are the key vendors in the Global Waste Paper Recycling Market?

What is the key driver of Global Waste Paper Recycling Market?

What is the key market trend for Global Waste Paper Recycling Market?

Which region accounted for the largest share in Global Waste Paper Recycling Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300