The recycled paper market is expected to grow from US$ 32,558.44 million in 2021 to US$ 42,395.79 million by 2028; it is estimated to grow at a CAGR of 3.8% from 2021 to 2028.
There is a significant increase in demand for recycled paper due to the growing initiatives of governments of various nations to encourage waste paper recycling. The recycled paper is 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 the formation of new associations related to recycled paper, the market for recycled paper is estimated to expand rapidly in the coming years.
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Recycled Paper Market: Strategic Insights
Market Size Value in US$ 32,558.44 million in 2021 Market Size Value by US$ 42,395.79 million by 2028 Growth rate CAGR of 3.8% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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Recycled Paper Market: Strategic Insights
| Market Size Value in | US$ 32,558.44 million in 2021 |
| Market Size Value by | US$ 42,395.79 million by 2028 |
| Growth rate | CAGR of 3.8% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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The recycled paper market in Asia Pacific is expected to grow at the highest CAGR during the forecast period. Many Asia Pacific countries, including Australia, China, India, and Japan, have many manufacturing industries such as steel, mining and metallurgy, petrochemicals, oil & gas, food & beverages, and textile. With rapid economic growth and urbanization, waste generation and management are becoming major social and environmental issues in Asia. Every country in Asia has specific measures of solid waste management and material-cycle policy. 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 (MSW). 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 potential demand for the products such as white & all colored paper, cardboard, newspaper, magazines & brochures, shredded paper, and printed documents from various industries in Asia Pacific is increasing. Thus, it is accelerating the need for recycled paper in Asia Pacific, boosting the market growth.
Impact of COVID-19 Pandemic on Recycled Paper Market
The COVID-19 pandemic had drastically altered the status of the chemical & 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 impacted the growth of several industrial sectors. The sudden distortion had impacted industries such as automotive and packaging in operational efficiencies and disruptions in the value chains attributable to the sudden closure of national and international boundaries. The significant decline in the growth of several industrial sectors significantly impacted the demand for recycled paper in the global market. Due to the COVID-19 pandemic, the market has had a negative impact on its production due to factory shutdowns across the globe. This pandemic is projected to impact the recycled paper market at a moderate level, and the market is anticipated to recover in the next two to three quarters.
Recycled Paper Market
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Market Insights
Stringent Governmental Regulations for Waste Management
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 governments 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.
Type Insights
Based on type, the recycled paper market is segmented into pre-consumer waste and post-consumer waste. The pre-consumer waste segment accounted for a larger market share in 2020, and it is expected to grow faster during the forecast period. Pre-consumer recycling is the reclamation of waste materials created during the manufacturing or distribution of products before delivery to a consumer. Pre-consumer recycled materials can be broken down and remanufactured into similar or different materials. In the case of paper, pre-consumer waste refers to the scraps and trimmings that were cut off and discarded during the cutting process. Thus, the pre-consumer waste segment is anticipated to hold a potential growth opportunity in the coming years.
Recycled Paper Market, by Type – 2020 and 2028
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Application Insights
Based on application, the recycled paper market is segmented into writing and printing paper, containerboard, newsprint paper, tissue, and others. The containerboard segment is anticipated to grow due to the highest production, with more than 100 million tons produced each year. The growth of the printing and writing paper segment is attributed to wide applications across offices, homes, schools, and government agencies. The newsprint paper segment is also expected to increase its market share due to its application in printing newspapers and other publications.
The key players operating in the recycled paper market include Cascades Recovery+; Global Waste Recyclers Ltd; Hanna Paper; Heinzel Holding GmbH; Republic Services, Inc.; International Paper; Perlen Papier; Sonoco Products Company; ST PAPER RESOURCES PTE LTD; and WASCO. The key companies adopt strategies such as mergers and acquisitions and research and development to expand their customer base and gain significant share in the global market, allowing them to maintain their brand name globally.
Report Spotlights
- Progressive industry trends in the recycled paper market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the recycled paper market from 2018 to 2028
- Estimation of global demand for recycled paper
- PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry
- Recent developments to understand the competitive market scenario
- Market trends and outlook as well as factors driving and restraining the growth of the recycled paper market
- Assistance in the decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
- The size of the recycled paper market size at various nodes
- Detailed overview and segmentation of the market, as well as the recycled paper industry dynamics
- Size of the recycled paper market in various regions with promising growth opportunities
Recycled Paper Market – by Type
- Pre-Consumer Waste
- Post-Consumer Waste
Recycled Paper Market – by Application
- Printing Paper
- Containerboard
- Newsprint Paper
- Tissue
- Others
Company Profiles
- Cascades Recovery+
- Global Waste Recyclers Ltd.
- Hanna Paper
- Heinzel Holding GmbH
- Republic Services, Inc.
- International Paper
- Perlen Papier
- Sonoco Products Company
- ST PAPER RESOURCES PTE LTD
- WASCO
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Asia Pacific region accounted for a significant share of the global recycled paper market in 2020. The market is projected to witness remarkable growth in the near future due to the rapidly expanding population and the growth of the e-commerce sector in countries such as China and India. These two economies are growing at rapid pace and accounts for a large share of the global population.
Post-consumer waste is defined as material that has served its initial purpose as a consumer item and has been separated from other material that needs to be disposed of. Post-consumer waste can now be recycled and used after it has completed its life cycle as a consumer item. In the case of paper, post-consumer waste would be that which was printed. Increasing awareness among the global population is expected to aid the growth of the post-consumer waste segment.
Containerboard segment accounted for the largest share of the recycled paper market in 2020. Containerboard utilizes a significant amount of recycled paper during production and accounts for a tremendous share of the global paper demand. Moreover, increasing penetration of e-commerce and international trade has further propelled the demand for containerboards.
The major players operating in the global recycled paper market are 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; and WASCO among many others.
Recycled paper refers to the paper obtained through the recycling of virgin paper that is either used by the consumer or obtained from the waste before it is utilized for any application.
Based, on type, the recycled paper market is segmented into pre-consumer waste and post-consumer waste. Based on application, the recycled paper market is segmented into writing and printing paper, containerboard, newsprint paper, tissue, and others.
Newspaper industry is a major consumer of recycled paper as it does not require the highest quality of paper. The process of recycling impacts the fibers of paper, which is not considered to be a drawback for newspapers unlike for other forms of paper such as writing and printing paper. However, the growth of the internet and digital platforms have had an impact on the newspaper industry and has witness a decline in the recent years. Smartphones and tablets have made news and information available to the public at their personal convenience, thereby hampering the demand for newspaper.
The List of Companies - Recycled Paper Market
- 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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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