North America Recycled Paper Market is set for Rapid Growth and Demand by 2028: Exclusive Report by Business Market Insights

The North America recycled paper market is expected to reach US$ 6,367.8 million by 2028 from US$ 4,974.9 million in 2021. The market is estimated to grow at a CAGR of 3.6% from 2021–2028. Paper recycling is a capital-intensive and well-established segment of the recycling industry. It is a useful extension of services for the companies that are recycling materials. However, at the entrepreneurial level, there are opportunities available in the provision of services such as transportation, collection, and sorting of waste paper. Lately, recyclers were likely to remove only a specific recyclable material from a consumer, such as pallets , but the service-oriented recyclers are gradually offering to extract other recyclable materials at the same time. Old corrugated cardboard (OCC) is more frequently collected as part of dock sweep programs, where the recyclers take away a range of recyclable products from a location at the same time, on the same truck.

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Key companies profiled in this research study are:
Cascades Recovery+
Global Waste Recyclers Ltd
Hanna Paper
Heinzel Holding GmbH
Republic Services, Inc.
International Paper
Sonoco Products Company
American Chung Nam
Waste Management

The demand for recycled paper market is growing on account of increasing urbanization and surge in literacy rates in developing countries, which create huge demand for paper products such as writing and printing paper, containerboard, newsprint paper, tissue. The container board segment is dominating the market due to the increasing demand from various industries such as food & beverage, pharmaceutical, and cosmetics.

Moreover, the increasing use of powder metallurgy in the automotive industry are expected to bolster the market growth during the forecast period. However, fluctuations in the raw material prices limit the growth of the North America recycled paper market.

North America is one of the worst affected economies due to the COVID-19 pandemic. The US has the highest number of confirmed cases of COVID-19, compared to Canada and Mexico. The unprecedented rise in number of COVID-19 cases across the US and Canada and the subsequent lockdown of numerous manufacturing facilities in the countries have negatively influenced the growth of various markets. The significant disruption in manufacturing, along with raw material sourcing, has had a negative impact on the demand for recycled paper market in the region. The market for recycled paper has been impacted in the region due to distortion in supply of raw materials with limited operational efficiencies. However, the market is reviving on account of the measures taken by the government such as vaccination drives. With the state of economic recovery, several industrial sectors are strategically planning to invest in advanced products to maximize revenue. This is expected to provide impetus for the market growth.

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Major Features of North America Recycled Paper Market Report:
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America Recycled Paper 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 North America Recycled Paper 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 North America 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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This release was published on openPR.