Global Waste Paper Recycling Market

Waste Paper Recycling Market Size, Share, Growth Analysis, By Waste Product(Corrugated cardboard, White office paper, Magazines, Newspapers), By Application(Wrapping paper and Printing & writing Paper), By Region - Industry Forecast 2024-2031


Report ID: SQMIG15Q2003 | Region: Global | Published Date: April, 2024
Pages: 184 | Tables: 63 | Figures: 75

Waste Paper Recycling Market Insights

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).

The demand and consumption of paper products are increasing worldwide because increasing number of colleges, education institutes, and industries across the world. The main raw material used for manufacturing paper is wood and bamboo, that's why the demand for wood and bamboo is increasing. Increasing demand for paper leads to a rise in deforestation. For preventing the rise in deforestation there is a need for waste paper recycling.

Due to the increasing urbanization and the rise in literacy rates in middle-class populations in developing economies, recycling of paper is becoming extremely important in modern life. Paper recycling is becoming more popular due to the increasing concern over depleting environmental resources. The recovered paper provides more than 35% of the paper raw material requirements in countries like India and China. Due to a shortage of waste paper collection and segregation systems, India imports a lot of recovered paper to fulfil its domestic need.

Local players concentrate primarily on establishing proper collection and segregation facilities to promote waste paper collection. Leading recycling companies are creating automated, highly effective recycling systems to lower production costs and minimize labour-intensive tasks by automating the process. Waste papers come from a variety of sources, including thrown-away, paper mill wastes, and papers that are discarded after being used by consumers. Old newspapers, magazines, cardboard boxes, wrapping paper, and packing paper are just a few examples of the waste paper that can be recycled and reused. The advantages of waste paper recycling are saving energy, wood, and water which influence the growth of the waste paper recycling market. Waste paper recycling reduces greenhouse gas emissions, and recycled fibre is a sustainable, cost-saving resource for making new paper products. The use of recycled paper represents a substantial investment in reducing the demand for wood, electricity, and pollutant emissions during the initial pulping process. According to the World Wildlife Federation, recycling one ton of used paper can yield 800 kg of raw recycled fibre, saving 17 trees. Recycled paper also reduces carbon emissions from combustion.

US Waste Paper Recycling Market is poised to grow at a sustainable CAGR for the next forecast year.

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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.

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Global Waste Paper Recycling Market

Report ID: SQMIG15Q2003

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