Increasing urbanization and middle class population with surge in literacy rates in the developing countries such as India, China, and Brazil will create the huge demand for paper products such as newsprint, packaging, and writing paper.
Also, changing consumer preferences towards convenient packaging solutions along with sustainability in mind will diminish the demand for plastic packaging and hence fuel the paper and paperboard industry.
Despite being highly recyclable material, PET material is not yet recycled more than 30% of its annual consumption. Growing concern towards polymer-based products will not only diminish its future prospects but simultaneously increase the demand for paper and paperboard which is fully bio-degradable in nature. Recycling of paper has become a major trend in the paper and paper board industry, primarily due to unavailability or scarcity of the raw material. Recycled paper is the major source of the raw material for most of paper mills in the developing as well as developed countries.
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Recycling of paper not only saves more and more natural resources but also saves lots of manufacturing expenses. Primary application for the recycled paper are the newsprint paper, printing & writing paper, and packaging products.
Paper Recycling Market: Market Dynamics
Paper recycling market has witnessed significant growth in the last few years due to increasing concern over depleting environmental resources. The demand for recycled paper is increasing at a CAGR of more than 7-8% annually in the developing countries.
Major challenges in the paper recycling market is the high cost of machinery, inefficient waste paper collection and segregation system, and high competition from the international players.
Primary focus of the local paper recyclers is to establish proper collection and segregation systems to facilitate the collection of the waste paper in the region. Leading recycling companies are establishing automatic and highly efficient recycling systems to curb high manufacturing cost and eliminate labor intensive operations by automating the existing process.
There are lots of opportunities in the paper recycling market in the developing countries such as China because it is the leading importer of the waste paper in the world. This scenario could be reversed by the increase in domestic production of the recovered paper in the country.
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Paper Recycling Market: Regional Overview
On the basis of region, the Paper Recycling market is segmented into seven regions which include North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific, Middle East & Africa, and Japan. Approximately more than 57 million tons of paper is collected in the Europe for recycling activities.
And the collection rate is steadily increasing, exceeding 50% every year. Also, more than 50% of the raw material demand in the Europe is fulfilled by the recycled paper. Newsprint, followed by packaging products, is the largest end use application of the recycled paper.
Paper Recycling Market: Market Players
Some of the key players in the Paper Recycling market are
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
Paper Recycling Market Segmentation: By Application
Paper Recycling Market Segmentation: By Collection & Segregation Channel
Paper Recycling Market Segmentation: By End Use Industries
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Dec 14, 2022
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