New York, November 25, 2021 (GLOBE NEWSWIRE) – Based on our new research study on Recycled paper market Size, Share, Revenue, Growth, Trends, Forecast to 2028 – COVID-19 Impact and Global Analysis by Type (Pre-Consumer and Post-Consumer Waste) and by Application (Writing and Printing Paper , containerboard, newsprint, facial tissues and Others) with the COVID-19 impact and global analysis available at https://www.theinsightpartners.com/covid-analysis-sample/TIPRE00008887
|Cover of the report||Details|
|Market size Value in||US $ 32,558.44 million in 2021|
|Market size Value per||US $ 42,395.79 million by 2028|
|Rate of growth||3.8% CAGR from 2021 to 2028|
|Year of reference||2021|
|Number of pages||157|
|Number of tables||115|
|Number of graphs and figures||104|
|Historical data available||Yes|
|Covered segments||Type and application|
|Regional scope||North America; Europe; Asia Pacific; Latin America; AEM|
|Country Scope||United States, United Kingdom, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina|
|Cover of the report||Revenue forecast, company ranking, competitive landscape, growth factors and trends|
Recycled paper market: competitive landscape and key developments
Cascades Recovery +; Global Waste Recyclers Ltd; Hanna paper; Heinzel Holding GmbH, Inc .; International paper; Perlen Papier SA; Republic Services, Inc .; Sonoco products company; ST Paper Resources Pte Ltd; American Chung Nam; Waste Management; and WASCO are among the key players in the recycled paper market. The main players are striving to expand their customer base and increase their presence globally to gain a better position in the market.
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Asia-Pacific held the largest share of the recycled paper market in 2020. With rapid economic growth and urbanization, waste generation and management are becoming major social and environmental issues in Asia. Each country in Asia has specific solid waste management measures and materials cycle policy. The presence of small and large companies active in paper recycling in India, China and Japan is further fueling the growth of the recycled paper market in the region.
Favorable environmental impact to propel market growth:
One of the most important properties of paper is its potential for recycling many times over, which saves the cost of producing new paper. Recycling paper is known to conserve natural resources, thereby reducing greenhouse gas emissions, saving energy and keeping landfill space free for other types of waste. According to the US Environmental Protection Agency (EPA), paper makes up about 28% of solid waste in landfills, and one ton of paper takes up as much as 3.3 cubic meters of landfill space. Global warming and habitat destruction are some of the main effects of deforestation; recycling waste paper reduces the need to make virgin paper, thereby reducing deforestation. It was noted that recycling one ton of paper can save ~ 17 trees; 380 gallons of oil; 7,000 gallons of water; and ~ 4000 KW of energy, while reducing greenhouse gas emissions by one tonne of carbon equivalent. The decomposition of papers in landfills generates methane, which has a thermal trapping power 21 times greater than that of carbon dioxide.
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Recycled paper market: segment overview
Based on type, the recycled paper market is segmented into pre-consumer waste and post-consumer waste. The pre-consumer waste segment accounted for the largest share of the market in 2020. Post-consumer waste is expected to experience growth in the coming years, due to the growing awareness of the population on waste management and sustainable practices. . Based on the application, the market is segmented into writing and printing paper, containerboard, newsprint, facial tissues, and others. The containerboard segment accounted for the largest share of the global recycled paper market in 2020, due to the high use of recycled paper by containerboard manufacturers. In addition, the boom in the e-commerce industry further boosted the demand for containerboard. The tissue segment is expected to be the fastest growing segment during the forecast period.
Impact of the COVID-19 pandemic on the recycled paper market:
The COVID-19 pandemic has dramatically altered the situation of the chemicals and materials industry and negatively impacted the growth of the recycled paper market. The implementation of measures to combat the spread of the virus has worsened the situation and impacted the growth of several industrial sectors. The significant decline in the growth of several industrial sectors has had an impact in particular on the demand for recycled paper on the world market. Due to the COVID-19 pandemic, the recycled paper market has suffered a negative impact in terms of supply and demand of raw materials as well as end product. The epidemic has distorted operational efficiency and disrupted value chains due to the sudden closure of national and international borders, creating revenue losses and damage. The disrupted value chain had had a negative impact on the supply of raw materials. For example, the newspaper market has fallen dramatically due to virus-related issues with door-to-door delivery. The elimination of commercial advertising (due to disrupted traffic and the foreclosure-induced economic depression) has put even more strain on the industry’s finances. The growing internet population has shifted a generation of news consumers from large format to smartphones, leading to a drop in demand for newspapers.
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Key questions to ask for the recycled paper market:
- Can you list some of the major players operating in the global recycled paper market?
- What is the reach of recycled paper in the global market?
- Depending on the type, what is the outlook for the post-consumer waste segment?
- Based on applications, what was the most important segment of the global recycled paper market?
- What was the largest geographic region of the global recycled paper market in 2020?
- What is the forecast outlook for the newspaper segment in the recycled paper market?
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