Recycled Paper Market Swot Analysis by key players Hanna Paper, Heinzel Holding GmbH, Republic Services

According to our latest market study on "Recycled Paper Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type (Pre-Consumer Waste and Post-Consumer Waste); Application (Writing and Printing Paper, Containerboard, Newsprint Paper, Tissue and Others)'' the market is projected to reach US$ 42,395.79 million by 2028 from US$ 32,558.44 million in 2021; it is expected to register a CAGR of 3.8% from 2021 to 2028.

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Growing Demand for Sustainable Products
Paper recycling is the process by which waste paper is turned into new paper products. The process involves the collection, sorting, shredding & pulping, filtering, contaminant removal & de-inking, and finishing for reuse of waste paper. Waste papers are obtained from discarded paper materials, paper mill paper scraps, and waste paper material discarded after consumer use. Waste paper, such as old newspapers, magazines, corrugated, wrapping, and packaging papers, among others, are recycled for reuse. The waste papers to be recycled are collected from the waste locations then sent to paper recycling facilities for further processing. Recycled paper offers various advantages, such as saving energy, water, and landfill space. It helps reduce greenhouse gas emissions, and recycled fiber is a sustainable, cost-saving resource for making new paper products.

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 to 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 recycling paper. Such associations are supporting the growth of the recycled paper market.

The recycled paper 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 recycled paper, the market for the recycled paper is estimated to expand rapidly in the coming years.

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Company Profiles
Cascades Recovery+, Global Waste Recyclers Ltd., Hanna Paper, Heinzel Holding GmbH, Republic Services, Inc., International Paper, Perlen Papier, Sonoco Products Company, ST PAPER RESOURCES PTE LTD, WASCO

Report Spotlights
• Progressive industry trends in the recycled paper market to help players develop effective long-term strategies
• Business growth strategies adopted by developed and developing markets
• Quantitative analysis of the recycled paper market from 2018 to 2028
• Estimation of global demand for recycled paper
• PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry
• Recent developments to understand the competitive market scenario
• Market trends and outlook as well as factors driving and restraining the growth of the recycled paper market
• Assistance in the decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
• The size of the recycled paper market size at various nodes
• Detailed overview and segmentation of the market, as well as the recycled paper industry dynamics
• Size of the recycled paper market in various regions with promising growth opportunities

The recycled paper market in Asia Pacific is expected to grow at the highest CAGR during the forecast period. Many Asia Pacific countries, including Australia, China, India, and Japan, have many manufacturing industries such as steel, mining and metallurgy, petrochemicals, oil & gas, food & beverages, and textile. With rapid economic growth and urbanization, waste generation and management are becoming major social and environmental issues in Asia. Every country in Asia has specific measures of solid waste management and material-cycle policy. A landfill is the most common disposal option adopted in many Asian countries since it is inexpensive. Many countries in this region have recently introduced laws on municipal solid waste (MSW). According to the World Bank, the urban areas in APAC produce ~760,000 tons of MSW per day, and this figure is estimated to increase to 1.8 million tons by 2025. The potential demand for the products such as white & all colored paper, cardboard, newspaper, magazines & brochures, shredded paper, and printed documents from various industries in Asia Pacific is increasing. Thus, it is accelerating the need for recycled paper in Asia Pacific, boosting the market growth.

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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, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

This release was published on openPR.