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Comprehensive 2025 Waste Paper Recycling Market Overview: Trends, Forecasts, and Growth Drivers
Waste Paper Recycling Market
What Is the Expected CAGR for the Waste Paper Recycling Market Through 2025?
Advancements in the waste paper recycling industry have been quite substantial in the past years. The predictions suggest an increase from $48.18 billion in 2024 to $51.36 billion in 2025, with a compound annual growth rate (CAGR) of 6.6%. The surge in this historical period can be credited to the elevation in environmental consciousness, augmented need for recycled packaging, an increase in the production of waste paper, an elevated use of secondary fibers in paper mills, and a heightened acceptance in the printing industry.
What's the Projected Size of the Global Waste Paper Recycling Market by 2029?
There is a strong projected increase in the size of the waste paper recycling market over the upcoming years, with the expectation of it amounts to $65.62 billion by 2029, due to a compound annual growth rate (CAGR) of 6.3%. This forthcoming growth is anticipated to be influenced by the expansion of digital commerce packaging needs, the rising ban on disposable plastics, the escalating consumer demand for eco-friendly products, the broadening adoption of smart collection systems, and an increasing emphasis on zero-waste production. The upcoming period is predicted to be marked by major trends such as technological improvement in sorting equipment, the creation of low-energy recycling methods, the development of bio-based additives, the use of blockchain for waste tracking, and advancements in waterless recycling techniques.
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Top Growth Drivers in the Waste Paper Recycling Industry: What's Accelerating the Market?
The surge in interest for products made from recycled paper is anticipated to boost the waste paper recycling market's expansion in the future. Such products are derived from repurposed or waste paper rather than new raw materials. The heightened enthusiasm for recycled paper goods is a result of increased environmental consciousness, as more individuals and businesses strive to minimize waste and preserve natural resources. Waste paper recycling supplies crucial raw materials, reducing the requirement for virgin fiber, and therefore facilitates the creation of sustainable, high-quality recycled paper products. For example, as per the American Forest and Paper Association, a trade organization based in the United States, over 93% of cardboard boxes were recycled in 2022, signifying a rise relative to the recycling rate in 2021. As a result, the escalating demand for recycled paper products propels the waste paper recycling market's growth.
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What Trends Will Shape the Waste Paper Recycling Market Through 2029 and Beyond?
Leading businesses in the waste paper recycling market are turning their focus towards the creation of innovative products, such as eco-friendly packaging, to lessen their environmental imprint and cater to the rising demand for green products. These sustainable packaging solutions are designed using materials recovered from recycled paper, which in turn, serves to elevate the demand for waste paper recycling by favoring reused fiber and minimizing the dependence on new resources. For example, in October 2023, Versuni B.V., a consumer electronics firm based in Netherlands, launched an entirely recyclable packaging for its Philips product line, made purely from 100% recycled paper. The new packaging design for Philips home appliances can resist the rigors of transportation without the need for additional protective elements, and it utilizes 65% less ink by minimizing printed portions. Traditional user manuals are replaced with QR codes on the packaging, providing customers with digital access to instructions and product specifics. Moreover, the packaging size is refined to reduce waste and prevent unnecessary empty spaces.
What Are the Main Segments in the Waste Paper Recycling Market?
The waste paper recycling market covered in this report is segmented -
1) By Type: Corrugated Cardboard, Newspapers, Magazines, White Office Paper, Mixed Paper
2) By Product Type: Newsprint, Containerboard, Kraft Paper, Boxboard, Tissue Paper
3) By Source Type: Post-Consumer Waste, Post-Industrial Waste, Commercial Waste, Residential Waste, Construction Waste
4) By Recycling Process: Mechanical Recycling, Chemical Recycling, Energy Recovery, Composting, Bio-Ethanol Production
5) By End-User Industry: Pulp And Paper Industry, Packaging Industry, Printing Industry, Consumer Goods Sector, Construction Sector
Subsegments:
1) By Corrugated Cardboard: Single Wall Corrugated Board, Double Wall Corrugated Board, Triple Wall Corrugated Board
2) By Newspapers: Newsprint Paper, Classified Ads Paper
3) By Magazines: Glossy Magazine Paper, Standard Magazine Paper
4) By White Office Paper: Copier Paper, Printer Paper, Writing Paper
5) By Mixed Paper: Sorted Residential Mixed Paper, Commercial Mixed Paper
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Which Top Companies are Driving Growth in the Waste Paper Recycling Market?
Major Companies operating in the waste paper recycling market are Veolia Environnement S.A., International Paper Company, Waste Management Inc., Smurfit Kappa Group Plc, Republic Services Inc., UPM-Kymmene Oyj, Stora Enso Oyj, Mondi Plc, Sonoco Products Company, Heinzel Holding GmbH, Cascades Inc., LEIPA Group, Remondis SE And Co. KG, Wasco Co. Ltd., Beston Group Co. Ltd., Perlen Papier AG, ST Paper LLC, Sustana Group, Kokusai Pulp And Paper Co. Ltd., Global Waste Recyclers Limited.
Which Regions Will Dominate the Waste Paper Recycling Market Through 2029?
North America was the largest region in the waste paper recycling market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the waste paper recycling market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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