Waste Paper Recycling Market to Gain Momentum with Sustainability Initiatives from 2025–2032
The demand and consumption of paper products are increasing worldwide because increasing number of colleges, education institutes, and industries across the world. The main raw material used for manufacturing paper is wood and bamboo, that's why the demand for wood and bamboo is increasing. Increasing demand for paper leads to a rise in deforestation. For preventing the rise in deforestation there is a need for waste paper recycling.
Due to the increasing urbanization and the rise in literacy rates in middleclass populations in developing economies, recycling of paper is becoming extremely important in modern life. Paper recycling is becoming more popular due to the increasing concern over depleting environmental resources. The recovered paper provides more than 35% of the paper raw material requirements in countries like India and China. Due to a shortage of waste paper collection and segregation systems, India imports a lot of recovered paper to fulfil its domestic need.
Waste Paper Recycling Market size was valued at USD 45.5 billion in 2023 and is poised to grow from USD 47.77 billion in 2024 to USD 70.59 billion by 2032, growing at a CAGR of 5.0% during the forecast period (2025-2032).
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Local players concentrate primarily on establishing proper collection and segregation facilities to promote waste paper collection. Leading recycling companies are creating automated, highly effective recycling systems to lower production costs and minimize labour-intensive tasks by automating the process. Waste papers come from a variety of sources, including thrown-away, paper mill wastes, and papers that are discarded after being used by consumers. Old newspapers, magazines, cardboard boxes, wrapping paper, and packing paper are just a few examples of the waste paper that can be recycled and reused. The advantages of waste paper recycling are saving energy, wood, and water which influence the growth of the waste paper recycling market. Waste paper recycling reduces greenhouse gas emissions, and recycled fibre is a sustainable, costsaving resource for making new paper products. The use of recycled paper represents a substantial investment in reducing the demand for wood, electricity, and pollutant emissions during the initial pulping process. According to the World Wildlife Federation, recycling one ton of used paper can yield 800 kg of raw recycled fibre, saving 17 trees. Recycled paper also reduces carbon emissions from combustion.
Waste Paper Recycling Market Segments Analysis:
Waste Paper Recycling Market is segmented by Paper Type, Recycling Method, Grade, Application, End User and region.
Based on Paper Type, the market is segmented into Mixed Paper, Corrugated Cardboard, Old Newspaper/Magazine and High-Grade Paper.
Based on Recycling Method, the market is segmented into Mechanical Recycling, Chemical Recycling and De-inking Recycling.
Based on Grade, the market is segmented into High Quality, Medium Quality and Low Quality.
Based on Application, the market is segmented into Construction, Printing & Writing, Packaging and Tissue & Hygiene.
Based on End User, the market is segmented into Paper & Pulp Industry, Packaging Industry, Building & Construction Industry and Others.
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Waste Paper Recycling Market Key Players:
Waste Management, Inc. (USA)
Republic Services, Inc. (USA)
International Paper (USA)
DS Smith (UK)
Smurfit Kappa (Ireland)
Cascades Inc. (Canada)
Mondi Group (UK/South Africa)
Veolia (France)
Suez (France)
Renewi plc (UK/Netherlands)
Sappi (South Africa)
UPM-Kymmene Corporation (Finland)
Stora Enso (Finland/Sweden)
Nine Dragons Paper (Holdings) Limited (China)
Lee & Man Paper Manufacturing Limited (Hong Kong)
Waste Recycling Ltd. (India)
Eco Recycling Ltd. (India)
Gravita India Ltd. (India)
Recent Developments:
In April 2024, Walkers launched paper multipack bags for Snack A Jacks, as British Crisp Co. unveiled 'first fully recyclable' paper crisp packet.
In March 2024, the Ekman Group acquired Allan Morris Recycling of north Wales. It will operate as a wholly owned subsidiary of Ekman & Co AB and continue to trade as Allan Morris Recycling.
In March 2024, Cincinnati-based flexible packaging and materials science company ProAmpac acquired UP Paper, a Manistique, Michigan-based kraft paper manufacturer that uses 100 percent recycled fiber.
In May 2022, NorthStar Recycling Company, LLC acquired Complete Recycling, LLC. With the acquisition, the former would be able to provide their present clients with more services, while also increasing the combined company's capacity to serve new clients and partners on a larger platform.
In September 2021, Eurokey Recycling invested about £15 million in a supermarket recycling line. This development is intended to retrieve and recycle waste papers from the supermarket and retail sectors.
What's more, it likewise covers the request and give of the promoting research concentrate in the assessed figure time frame. Explained investigation of the market players with their profile, deals examination and serious scene is given in the report. Besides, organization, joint effort and consolidations in the business are referenced for the accommodation of the investigation of the Waste Paper Recycling industry.
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Objectives of the Study:
• To forecast the market size, in terms of value, for various segments with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
• To provide detailed information regarding the major factors influencing the growth of the Market (drivers, restraints, opportunities, and challenges)
• To strategically analyze the micro markets with respect to the individual growth trends, future prospects, and contribution to the total market
• To provide a detailed overview of the value chain and analyze market trends with the Porter's five forces analysis
• To analyze the opportunities in the market for various stakeholders by identifying the high-growth Segments
• To identify the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders
• To analyze competitive development such as joint ventures, mergers and acquisitions, new product launches and development, and research and development in the market
Looking ahead, the Waste Paper Recycling Market is poised for continued growth, driven by evolving consumer preferences and ongoing innovations. The trend towards sustainability is expected to strengthen, with more consumers seeking products that align with their values. Additionally, the integration of advanced technologies and digital platforms will likely further enhance market accessibility and consumer engagement. The Waste Paper Recycling Market is a dynamic and evolving landscape, shaped by a confluence of trends and factors.
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