Global Waste Paper Recycling Market to Grow from USD 45.60 Bn in 2023 to USD 63.32 Bn by 2030 at a CAGR of 4.8% - Waste Paper Recycling Forecast Driven by Asia-Pacific Surge

According to a new report by Maximize Market Research, the global Waste Paper Recycling Market was valued at USD 45.60 billion in 2023 and is projected to reach USD 63.32 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 4.8% during the forecast period 2024-2030. Key drivers include increasing environmental concerns, stricter government regulations on raw material usage, and rising demand for paper-based packaging, especially in Asia Pacific. Restraints include rising costs of raw materials like wood pulp. A new report forecasts the global waste paper recycling market will expand strongly through 2030, primarily propelled by rising environmental awareness, regulatory pressure, and demand from packaging sectors in Asia Pacific.

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♦ Key Highlights:

Market size in 2023: USD 45.60 Bn; projected to reach USD 63.32 Bn by 2030 at a CAGR of 4.8%.

Leading application segment: Wrapping paper, expected to hold about 48.5% of overall revenue share by 2030.

Fastest-growing / largest regional market: Asia Pacific holds the largest share in 2023; Europe is expected to post the fastest growth with a CAGR of 6.9% over the forecast period.

Key drivers/trends: increased environmental consciousness; government regulation reducing raw material supply; rising demand for paper-based packaging; automation in recycling operations to lower costs. Restraints include rising raw material (wood pulp) prices and supply shortages.

Top companies: Cascades Recovery; Global Waste Recyclers Ltd; Hanna Paper; Heinzel Holding GmbH; Republic Services, Inc.; International Paper; Perlen Papier AG; Sonoco Products Company; others.

♦ Market Outlook

The Waste Paper Recycling Market is set to grow at a steady CAGR of 4.8% between 2024 and 2030. The revenue base of USD 45.60 billion in 2023 is expected to reach USD 63.32 billion by 2030. Key market segments by type include Corrugated Cardboard (which is expected to lead in revenue), Newspapers, Magazines, White Office Paper, and Mixed Paper. Among these, Corrugated Cardboard holds the highest share in 2030, while Mixed Paper is projected to grow more moderately at a CAGR of 4.4%.

By application, Wrapping Paper is expected to dominate with roughly 48.5% of revenue share by 2030, followed by Printing & Writing Paper and Others. In terms of sales channel, the Distribution Channel is expected to hold around 72.5% of revenue share by 2030, overtaking Direct Channels.

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♦ Regional Insights
Asia Pacific currently accounts for the largest share of the global waste paper recycling market as of 2023. Factors include rapid industrialization, rising literacy and consumption of newspapers and packaging, and government policies to curb plastic and promote sustainable packaging materials. Key countries include China, India, and Japan.

Europe is forecast to grow at the fastest regional CAGR (~6.9%) during the forecast period. Strong recycling infrastructure, high collection rates (over 50%), and substantial usage of recycled paper to meet raw material demands are central factors.

Other regions (North America; Middle East & Africa; Latin America) are also covered, with varied growth depending on regulatory support, waste collection infrastructure, and local demand for recycled paper products.

♦ Key Players & Competitive Landscape

Major players profiled include Cascades Recovery, Global Waste Recyclers Ltd, Hanna Paper, Heinzel Holding GmbH, Republic Services, Inc., International Paper, Perlen Papier AG, Sonoco Products Company, and several leading Chinese recycling firms like Shandong Century Sunshine and China Recycling Development.

Companies are investing in automation to improve process efficiency, reduce labor intensity, lower production costs, and increase the quality of recycled output. Regulatory trends limiting virgin raw material supply (wood pulp) alongside rising raw material costs pose challenges. Market strategies also include expansion of collection & segregation facilities.

♦ Quote

"With tightening environmental regulations and surging demand for sustainable packaging, the waste paper recycling market presents a compelling opportunity for both established players and new entrants, especially in Asia Pacific," said a senior analyst at Maximize Market Research. "However, controlling costs of raw materials and scaling collection infrastructure will be critical for realizing this market's full potential."

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