Recycled Paper Market Size, Industry Growth, Share and Futuristic Developments During 2022-2028

Growing Demand for Sustainable Products

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.

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.

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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 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..

Major key players covered in this report:

Some of the key market players or manufacturers in the global recycled paper market include Cascades Recovery+; Global Waste Recyclers Ltd; Hanna Paper; Heinzel Holding GmbH, Inc.; International Paper; Perlen Papier AG; Republic Services, Inc.; Sonoco Products Company; ST Paper Resources Pte Ltd; American Chung Nam; Waste Management; WASCO; among others..

Impact of COVID-19 Pandemic on Recycled Paper Market
The ongoing pandemic had drastically altered the status of the chemical and materials sector and negatively impacted the growth of the recycled paper market. The implementation of measures to combat the spread of the virus had aggravated the situation and had impacted the growth of several industrial sectors. Industries such as automotive, packaging, etc. had been impacted by the sudden distortion in operational efficiencies and disruptions in the valued chains attributable to the sudden closure of national and international boundaries. The significant decline in the growth of the several industrial sectors significantly impacted the demanded for recycled paper in the global market.

Due to the covid-19 pandemic, the market got changed for recycled paper and had negatively impacted supply and demanded. The outbreak had distorted operational efficiency and disrupted the valued chains due to the sudden shutdown of national and international borders, creating revenue loss and damage. The disturbed valued chain had had a negative impact on raw material supply. For example, the newspaper market dropped drastically as a result of virus-related concerns regarding doorstep delivery. The elimination of commercial advertising (as a result of disrupted circulation and the lockdown-induced economic depression) put even more strain on the industry's finances. The expanding population of internet users had shifted a generation of news consumers from the broadsheet to the smart phone, resulting in a fell in newspaper demanded. The decline in newspaper demanded had a knock-on effect on the recycled paper industry's business.

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The report segments the recycled paper market as follows:
Based on type, the market is segmented into pre-consumer waste and post-consumer waste. Based on application, the market is segmented into writing and printing paper, containerboard, newsprint paper, tissue and others. Based on geography, the market is segmented into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America (SAM)

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This release was published on openPR.