Press release
Recycled Paper Packaging Market: Government Measures for Environment Sustainability to Promote Adoption
Much of the growth of the global recycled paper packaging market is driven by the burgeoning demand from end-user industries. The increasing emphasis on environment sustainability coupled with the growing consumer awareness regarding the benefits of using recycled products is also augmenting the market. Moreover, the rising initiatives by governments related to the use of recycled products are providing a fillip to the market. On the flip side, the widening demand and supply gap is inhibiting the growth of the market. However, the enormous growth potential offered by emerging markets is attracting investments in paper and pulp plants in these regions.
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On the basis of product type, the global recycled paper packaging market can be segmented into corrugated cases and specialty papers. Corrugated cases can be further divided into medium grades, liner grades, and dual-use grades. Recycled paper packaging materials are used across various end-user industries such as food and beverages, healthcare, construction, electronics, personal care products, and sports. The demand for these materials is expected to remain high in the food and beverages industry throughout the forecast period. The increasing consumer awareness regarding litter and solid waste generated by discarded glasses and plates is stimulating the demand for recycled paper.
The key regional segments covered in the report are Europe, North America, Asia Pacific, and Rest of the World. North America will be a major revenue contributor throughout the forecast period. The presence of stringent government regulations pertaining to environment degradation is fuelling the growth of the region. Asia Pacific will progress at a noteworthy CAGR during the same span, with China being at the forefront of the growth. The growing consumerism in the region is boosting the demand for paper packaging, thereby propelling the market. Moreover, the rising consumer awareness regarding the use of recycled products is driving the growth of the region.
Several companies operating in the global recycled paper packaging market are aiming at business development through product innovation and technological advancements. Some of the prominent players in the market are Tetra Pak, DS Smith, Sealed Air, Berkley International Packaging, Pratt Industries Inc., International Paper, and Ecocern.
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