The paper recycling industry is a vital component of the global push for sustainability, with increasing emphasis on reducing waste and conserving natural resources. As demand for recycled paper grows, the industry plays a crucial role in mitigating environmental impact by reducing deforestation and lowering carbon footprints. Advances in recycling technologies and processes, such as de-inking and improved sorting techniques, are enhancing the quality of recycled paper. With rising awareness of circular economies, many industries, including packaging, publishing, and tissue products, are adopting recycled paper. Additionally, stricter regulations and corporate sustainability goals are driving investments in recycling infrastructure, contributing to the industry’s future growth.
The global paper recycling market is poised for steady growth, with an estimated market value of USD 7.5 billion in 2024 , up from USD 7.1 billion in 2023 . The market is expected to expand at a CAGR of 5.7% over the next decade, reaching an anticipated value of USD 13.1 billion by 2034 . The rise of environmental awareness, government policies, and an increasing preference for sustainable packaging are key drivers propelling this market.
Market Analysis:
The demand for recycled paper has significantly increased, driven by its acceptance as a packaging material in various industries such as food & beverage and pharmaceuticals. Environmental concerns have propelled the adoption of recycled paper over non-biodegradable plastics, contributing to the growth of the paper recycling market.
Government initiatives promoting the use of recycled paper and imposing stringent regulations on non-biodegradable competitors have further boosted market demand. The paper recycling production is diverse, catering to both personal and industrial use, thereby offering wide scope for market growth in terms of production and application.
Key Trends and Insights:
- Growing Usage in Various Industries: Recycled paper is increasingly being utilized in industries such as cosmetics and chemicals, driven by sustainability measures adopted by industrialists and regulatory bodies. The flexibility of recycled paper, particularly in the form of molded pulp fiber, is contributing to its adoption in packaging applications.
- Consumer Trends Driving Demand: The DIY trend has led to increased usage of recycled paper for gift wraps, greeting cards, and homemade accessories. Both manufacturers and consumers benefit from cost-saving opportunities associated with recycled paper usage.
- Technological Advancements: Advancements in paper recycling techniques, such as sensor-based technology for quality assessment and robotic sorting, are enhancing the efficiency of paper recycling processes. Vendors are also setting up more efficient recycling facilities and collection systems.
- Global Market Dynamics: Countries like India and China are importing recyclable paper to boost production, although strict restrictions on paper quality have been imposed. Increasing awareness among consumers about the recyclable value of paper is crucial to minimizing wastage and maximizing recycling potential.
The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Paper Recycling market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.
Why Choose Future Market Insights
- Serving domestic and international clients 24/7
- Prompt and efficient customer service
- Data collected from reliable primary and secondary sources
- Highly trained and experienced team of research analysts
- Seamless delivery of tailor-made market research reports
- Discounted prices for new customers! Offer expires soon!
Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Paper Recycling market. Competitive information detailed in the Paper Recycling market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Paper Recycling market report.
Key players covered in the report include:
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.
Access Full Report: https://www.futuremarketinsights.com/reports/paper-recycling-market
Important Questions Answered in the Paper Recycling Market Report
- Which end user remains the top revenue contributor in different regional markets?
- At what rate has the global Paper Recycling market been expanding during the forecast period?
- How will the global Paper Recycling market look like by the end of the forecast period?
- What innovative strategies are adopted by Paper Recycling market players to stay ahead of the pack?
- What are the restraints affecting the growth of the global Paper Recycling market?
Key Offerings of the Report
- Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
- Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
- Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
- Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
- Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Paper Recycling market
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
