Waste Paper Recycling Market

Waste Paper Recycling Market Overview

The report is titled as ‘Waste Paper Recycling Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the Waste Paper Recycling market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. Waste Paper Recycling market is expected to grow with significant rate in the near future.

The Waste Paper Recycling Market is estimated to reach at a value of US$ 34,756.8 Mn by the end of 2022 and expected to reach at a value of US$ 45,455.3 Mn by 2030 with a significant CAGR of 3.4%.

Waste Paper Recycling Introduction

Recycling has turned out to be a prevailing and well-known industry all over the world and particularly in the United States, in recent years, attributing to the soaring awareness as well as growing interest towards preserving the planet. With the same token, paper recycling represents a major division of the industry and is determined as the scale of activities related to the restoration and treatment of scraps of paper in order that it can be employed in the manufacturing of new paper commodities.

Notably, every single ton of paper reprocessed preserves more than 3.3 cubic yards of landfill space, and if one estimates by weight, more paper is restored for recycling than aluminum, plastic, and glass together. The reprocessing and recycling method of waste paper primarily combines scrap paper with water and chemicals. This mixture is further split and heated to separate into cellulose strands known as slurry or pulp. Further, it goes through various processes including purification, deinking, bleaching, and then, mixed with water and transformed into new recycled paper. The rapidly increasing awareness among the population, worldwide, regarding the preservation of the environment along with the increased literacy rates in the developing countries, is primarily driving the growth of the global waste paper recycling market.

Waste Paper Recycling Market Segmentation

The global waste paper recycling market is segmented on the basis of waste type, source of collection, collection & segregation channel, end user industries, and region.

By Waste Type

Cardboards

Milk & Juice Cartons

Shredded Paper

Bound Books

Newspapers

Magazines

White Office Paper

Mixed Paper

Others

By Source of Collection

Industries

Offices

Households

By Collection & Segregation Channel

Kerb-side Pick-up

Paper Bank Collection

Municipal Solid Waste (MSW) Collection

By End Use Industries

Food & beverages

Retail

Electrical & Electronics

Printing & Paper

Building & Construction

Others

By Region

North America

Latin America

Europe

Asia Pacific

Middle East

Africa

Waste Paper Recycling Market Key Players

Some of the key participating players in global waste paper recycling market are:

Hanna Paper Recycling, Inc.

International Paper Company

DS Smith Recycling Holding B.V.

Waste Management Inc.

WestRock Company

WM Recycle America, LLC

Sonoco Recycling LLC

Caraustar Industries, Inc.

Pratt Industries, Inc.

Saica Group

Ricova Recycling

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth includes (but not restricted to):

New product designs and launches

Current product compliance

Reimbursement

Concerns for use of Waste Paper Recycling

Advantages of Waste Paper Recycling

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.

A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the market.