Waste Paper Recycling Market to 2027 - Global Analysis and Forecasts by Type (Corrugated Cardboard, Newspapers, Magazines, White Office Paper, and Mixed Paper); Application (Wrapping Paper, Printing and Writing Paper, and Others), and Geography
The waste paper recycling market was valued at US$ 37,529.60 million in 2018 and is expected to grow at a CAGR of 4.7% from 2019 to 2027 to reach US$ 56,140.38 million by 2027.
Waste paper recycling is the process by which waste paper is turned into new paper products. The waste paper recycling process involves the collection, sorting, shredding and pulping, filtering, conterminal removal and 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. Waste paper recycling offers various advantages, such as saving energy, water, and landfill space. Waste paper recycling reduces greenhouse gas emissions, and recycled fiber is a sustainable, cost-saving resource for making new paper products.
On the basis of geography, Asia-Pacific waste paper recycling market is expected to grow at the highest CAGR. With rapid economic growth and urbanization, waste generation and management are becoming major social and environmental issues in Asia. China is the largest consumer of recycled waste paper owing to huge demand from its food processing industry. Further, India, Japan, and Australia are projected to become a lucrative market for the recycled paper in the region during the forecast period. Every country in Asia has specific measures of solid waste management and material-cycle policy. With a rise in GDP per capita, MSW per capita generation is also increasing; as a result, generating more waste, which is further influencing the growth of waste paper recycling market in this region. 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. 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 waste paper recycling market in APAC is propelling due to the presence of small and large-scale companies operating in the field of paper recycling in India, China, and Japan. A few of the paper recycling companies located in this continent are Shred-Tech Corp, Lindner-Recyclingtech GmbH, HSM GmbH + Co. KG, and Cascade Corporation.
Global Waste Paper Recycling Market
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Market Insights
Stringent Governmental Regulations in Favor of Waste Management is Driving This Market
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 waste management. This in turn, putting impact on the growth of waste paper recycling market. 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 waste paper recycling. Such associations are supporting the growth of the waste paper recycling market. The waste paper recycling 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 waste paper recycling, the waste paper recycling market is estimated to expand rapidly in the coming years.
Type Insights
Paper is considered as essential part of our lives, and, therefore, industries are adopting the process of recycling and reusing to saves costs and energy, minimize water consumption and maintain environment balance. The waste paper recycling market is bifurcated on basis of type into corrugated cardboard, newspapers, magazines, white office paper and mixed paper. Corrugated packaging constitutes a largest segment amongst the packaging industry across the globe. Corrugated cardboard is recognized by multiple layer structure and is composed of fluted inner layer present in between layers of linerboard which provides strength to carry products. Corrugated cardboard boxes finds its applications in packaging of almost all consumer goods and lifestyle items such as, computers, toys, gift items, electrical appliances, food, and even large items such as furniture, machinery, and others. Corrugated boxes helps to provide resistance to damage and still are quite light to ship products. However, with the increasing use of corrugated cardboard boxes, the waste from these boxes have comparatively increased, creating opportunities for the market players to incest in the waste paper recycling market. The recycle of corrugated cardboard is done by several small and large scale businesses so as to save money on waste disposal costs. OCC can be easily recyclable by weight and a low amount of the by-product is sent to disposal.
Global Waste Paper Recycling Market, by Type – 2018 & 2027
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Application Insights
Paper recycling is defined as an environmentally friendly way of processing recycled paper which, then, could be utilized across several end use applications. The waste paper recycling market is bifurcated on basis of application into wrapping paper, printing and writing paper and others. In 2018, the printing and writing paper is dominating the waste paper recycling market. However, the wrapping paper is the fastest growing segment in the forecasted period. Printing and writing paper is defined as a variety of paper which is used across in everyday items including greeting cards, newspapers, books and other specialty items such as invitations, diplomas and social security cards. Now-a-days, the use of printing and writing paper products is found across office, home, schools, and other government agencies. The application of print and writing paper has evolved over time so as to the dynamic and emerging needs individual to communicate, inform, and initiate business transactions in contemporary way. Printing and writing paper performs a significant role in everyday life and adds value. Printing and writing paper using recycled and reclaimed paper is considered to be somewhat a recent phenomenon. These factors are expected to drive the waste paper recycling market in the near future. Since the early 1970s, recycled pulp from the processed paper is used to produce to manufacture writing, printing, and xerography papers. The expense of recovering paper with high grade fibers and using it for production of high-quality writing and printing papers has been an impediment in terms of wide scale production. It is because printing and writing papers must be composed of 50% recovered fibers and should be of high grade. However, with the advancement in technology, the ability to use recycled paper pulp to manufacture printing and writing paper of high grade strongly relies upon the use of advanced de-inking technology. The different grades of printing and writing paper reflect the technical requirements of varying products and the way they will be used.
Strategic Insights
Strategy and business planning strategy is commonly adopted by companies to expand their footprint worldwide, which is further impacting the size of the waste paper recycling market. The players present in the waste paper recycling market adopt the strategy of expansion and investment in research and development to enlarge customer base and to gain significant market share across the world, which also permits the players to maintain their brand name globally.
Global Waste Paper Recycling Market – By Type
- Corrugated Cardboard
- Newspapers
- Magazines
- White Office Paper
- Mixed Paper
Global Waste Paper Recycling Market – By Application
- Wrapping Paper
- Printing and Writing Paper
- Others
Company Profiles
- Cascades Recovery+
- Global Waste Recyclers Ltd
- Hanna Paper
- Heinzel Holding GmbH
- Republic Services, Inc.
- International Paper
- Perlen Papier AG
- Sonoco Products Company
- ST Paper Resources PTE LTD
- WASCO
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in waste paper recycling, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
Frequently Asked Questions
The major players operating in the global waste paper recycling market, includes Cascades Recovery+, Global Waste Recyclers Ltd, Hanna Paper, Heinzel Holding GmbH, Republic Services, Inc., International Paper, Perlen Papier AG, Sonoco Products Company, ST Paper Resources PTE LTD, WASCO, and among others.
The waste paper recycling was dominated by Asia-Pacific at a global level. With a rise in GDP per capita, MSW per capita generation is also increasing; as a result, generating more waste, which is further influencing the growth of waste paper recycling market in this region. In addition to that, with the increase of literacy level, use of newspapers, office papers, and others are rising among the consumers, creating more paper waste. Furthermore, corrugated papers are used by the food packaging, textile, and other industries, which is again generate more waste papers. Since, waste generation and management are becoming major social and environmental issues in Asia, waste paper recycling is the answer for the same. Hence, all the above-mentioned factors are propelling the market growth for waste paper recycling in Asia-Pacific.
Corrugated cardboard is recognized by multiple layer structure and is composed of fluted inner layer present in between layers of linerboard which provides strength to carry products. Corrugated cardboard boxes finds its applications in packaging of almost all consumer goods and lifestyle items such as, computers, toys, gift items, electrical appliances, food, and even large items such as furniture, machinery, and others. Corrugated boxes helps to provide resistance to damage and still are quite light to ship products. However, with the increasing use of corrugated cardboard boxes, the waste from these boxes have comparatively increased, creating opportunities for the market players to incest in the waste paper recycling market.