Waste Paper Management Market

Global waste paper management market was valued at USD 42.93 billion in 2021 and is expected to reach USD 55.69 billion by 2029, registering a CAGR of 3.20% during the forecast period of 2022-2029. “Old corrugated containers " accounts for the largest paper grade segment in the waste paper management market.    

Market Definition

The recycling waste paper involves combining used paper with water and chemicals. This mixture is then cut and heated to separate into pulp or slurry, which is made up of cellulose strands. It is then stretched through screens to remove any remaining glue or plastic from the blend. Purified, de-inked, bleached, and mixed with water are converted into new recycled paper.

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Some of the major players operating in the waste paper management market are Reliable Paper Recycling (U.S), Veolia (France), Hills Group (U.K), International Paper (U.S.), Mondi (U.K), Sappi (South Africa), WM Intellectual Property Holdings, L.L.C. (U.S.), Macpresse Europa (Italy), Cascades Recovery (Canada), Republic Services, Inc. (U.S), UPM (Finland), DS Smith (U.K), Georgia-Pacific (U.S), ECO WASTE SOLUTIONS (Canada), and WestRock Company (U.S.) among others.

Global Waste Paper Management Market Scope

The waste paper management market is segmented on the basis of paper grade, type, source, recycled product and service. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Paper Grade

• Old Corrugated Containers (OCC)
• Mixed Paper
• Old Newspaper (ONP)
• High-Grade De-Inked Paper
• Pulp Substitutes

On the basis of Paper Grade, the waste paper management market has been segmented into old corrugated containers (OCC), mixed paper, old newspaper (ONP), high-grade de-inked paper and pulp substitutes. Old corrugated containers is estimated to hold the largest share of the global waste paper management market.

Type

• Reduce
• Replace
• Reuse
• Recycle
• Recover
• Others

On the basis of type, the waste paper management market has been segmented into reduce, replace, reuse, recycle, recover and others.

Source

• Commercial and Institutional
• Industrial
• Residential

On the basis of source, the waste paper management market has been segmented into commercial and institutional, industrial and residential.

Recycled Product

• Containerboard
• Other Paper and Paperboard
• Newsprint
• Tissue
• Pulp Substitute

The waste paper management market has also been segmented on the basis of recycled product into containerboard, other paper and paperboard, newsprint, tissue and pulp substitute.

Service

• Collection and Transportation
• Storage
• Sorting
• Compactors
• Shredders
• Recycling
• Pulper
• De-Inking Machine
• Incineration, Scrubbers
• Precipitators
• Combustors
• Disposal
• Drier
• Mixers
• Forming Machine
• Air Heater
• Pressing Machine
• Sheet Cutter

On the basis of service, the waste paper management market is segmented into collection and transportation, storage, sorting, compactors, shredders, recycling, pulper, de-inking machine, incineration, scrubbers, precipitators, combustors, disposal, drier, mixers, forming machine, air heater, pressing machine and sheet cutter.

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Waste Paper Management Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

• Increased Benefits of Recycling

The various advantages of waste paper recycling such as saving energy, water, and landfill space, which in turn is projected to accelerate the growth of the market. Moreover, its environmental advantages also consist of other factors. It reduces greenhouse gas emissions, and recycled fiber is a sustainable, cost-saving resource for making new paper products, which further boosts the market's overall growth.

• Stringent Environmental Laws And Regulations

There are strict laws and policies enforced by governments to manage waste paper to reduce the rate of deforestation worldwide. The enforcement of stringent environmental laws and regulations regarding various environmental concerns is estimated to drive the growth of the market within the forecasted period.

• Growing Awareness Levels and Technology

Furthermore, rapid advancement in the automotive industry are other market growth determinants. Surging awareness about waste management has increased significantly with the progress in consumer education, increased awareness about health and environment and growing technological advancements in the packaging equipment and technology generate lucrative opportunities to the market players in the forecast period of 2022 to 2029.

Changing consumer lifestyles, increasing urbanization, growing population, and increasing income levels will cushion the market's growth. Additionally, new technologies have been developed globally, which help in bringing down the amount of waste, which will further expand the future growth of the waste paper management market.

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