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%.
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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.
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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
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