Rising Demand in Waste Paper Recycling Market By 2027: Key Players Republic Services, Inc., Sonoco Products Company

The research report by The Insight Partners, titled, “Waste Paper Recycling Market”, offers a comprehensive analysis of key growth drivers, key segments, development strategies, market opportunities, and competitive landscape. This study offers detailed insights for market players, investors, stakeholders, and new entrants to understand the industry dynamics and determine strategic steps to gain a competitive advantage.

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The global waste paper recycling market is accounted to US$ 37,529.60 Mn in 2018 and is expected to grow at a CAGR of 4.7% during the forecast period 2019 - 2027, to account to US$ 56,140.38 Mn by 2027. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

Waste paper recycling is the process by which waste paper is turned into new paper products. The waste paper recycling process involves the collection, sorting, shredding and pulping, filtering, conterminal removal and de-inking, and finishing for reuse of waste paper.

Under the application segment, the printing and writing paper segment accounted for the largest share in the global waste paper recycling market. Printing and writing papers are used in the manufacture of catalogs, books, notebooks, newspapers, magazines, commercial printing, business forms, stationeries, copying, and digital printing. Demand for these papers in multiple applications is propelling the growth of recycled printing and writing paper market. For instance, retailers connect with their customers using sales and marketing tools, such as printed catalogs for displaying new product launch, discounts, and offer prices. Such developments in marketing strategies are driving the demand for printing and writing papers to create catalogs.

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The increasing awareness regarding the environmental impact of the accumulation of waste and failure to manage it have been among the major reasons driving various governments worldwide to enforce regulations associated waste management. The paper recycling industry has been expanding across many countries, such as the US, Canada, India, China, Japan, and Germany.

The government of various nations are implementing regulations to encourage the recycling of waste paper. Numerous associations such as The American Forest & Paper Association (AF&PA), Independent Waste Paper Processors Association (IWPPA), The Confederation of Paper Industries (CPI), and European Recovered Paper Association (ERPA) encourage the practice of waste paper recycling. Such associations are supporting the growth of the waste paper recycling market. The waste paper recycling is not only limited to the paper used in industrial applications, but it also includes household waste paper such as newspapers, magazines, and packaging papers. The generation of paper waste from these sources is very high, and this waste needs to be recycled rather than dumping it over or burning it. With the implementation of government regulations and formation of new associations related to waste paper recycling, the market for the waste paper recycling is estimated to expand rapidly in the coming years.

The market for global waste paper recycling is concentrated with some very well-established players. Some of the key players in the global waste paper recycling market include Cascades Recovery+, Global Waste Recyclers Ltd, Hanna Paper, Heinzel Holding GmbH, International Paper, Perlen Papier AG, Republic Services, Inc., Sonoco Products Company, ST Paper Resources Pte Ltd, and WASCO among others.

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Major Features of Waste Paper Recycling Market Report:
• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Waste Paper Recycling Market.
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the global Waste Paper Recycling Market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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