Due to the growth of the middle class in developing nations, ever-increasing urbanisation, an increase in literacy rates, and other factors, paper recycling is becoming an essential part of modern life. Due to the growing concern over the depletion of environmental resources, paper recycling is becoming more popular.
According to a recent analysis by Future Market Insights, recovered paper satisfies more than 35% of the demand for paper raw materials in nations like China and India. Due to a shortage of waste paper collection and segregation systems, India imports a lot of recovered paper to meet its domestic need. According to FMI Research, the demand for paper-based packaging products will grow in both the food and industrial industries, which will improve the prospects for the paper recycling industry going forward.
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For instance, Huhtamaki and Stora Enso teamed up to introduce The Cup Collective, a new programme for recycling paper cups, in September 2022. The scheme, which is the first of its type in Europe, intends to industrially recycle used paper cups and capitalise on their worth. The programme will initially be applied throughout the Benelux. The Cup Collective has issued an open appeal for partners from across the supply chain to become engaged in working towards a systematic European solution with the goal of establishing new standards for paper cup collecting and recycling in Europe.
There will be a tremendous demand for paper products like newspaper, packaging, and writing paper as urbanisation and the middle class expand along with literacy rates in developing nations like India, China, and Brazil. The demand for plastic packaging will decline as consumer tastes shift towards practical packaging options and sustainability, which will boost the paper and paperboard industry.
Paper Recycling Market: Market Players
Some of the key players in the 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.
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The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
Paper Recycling Market: Market Segmentation
Paper Recycling Market Segmentation: By Source of Collection
- Industries
- Offices
- Households
Paper Recycling Market Segmentation: By Application
- Newsprint Paper
- Cardboard
- Writing & Printing Paper
- Packaging Products
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Paper Recycling Market Segmentation: By Collection & Segregation Channel
- Kerb-side Pick-up
- Paper Bank Collection
- Municipal Solid Waste (MSW) Collection
Paper Recycling Market Segmentation: By End Use Industries
- Food & beverages
- Retail
- Electrical & Electronics
- Printing & Paper
- Building & Construction
- Others
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