Global Waste Paper Recycling Market to reach USD 54.9 billion by 2025.Global Waste Paper Recycling Market valued approximately USD 42 billion in 2016 is anticipated to grow with a healthy growth rate of more than 3.4% over the forecast period 2018-2025. Increasing concern towards environmental protection is the major factor driving the growth of the Global Waste Paper Recycling market. Furthermore, the government regulation has decreased the raw material supply for manufacturing the new paper and have resulted in increase in the prices of new paper. This has fueled the market growth. Increasing urbanization and the upwelling behavior in the developing countries such as India and China, to get higher literacy rates have increased the demand for products like newsprint, packaging, and writing paper. The consumers preferences have also changed toward the convenient and sustainable packaging, governments regulations toward low plastic consumption, and the low manufacturing cost are some other factors driving the growth of the market. Recycling of waste paper is gaining popularity over manufacturing of new paper due to its advantages such as, Recycled paper has become the major source of raw material for most of the paper mills because of the low availability of the other source, recycling of paper help in reducing the environmental degradation, the cost of manufacturing is also low and the provides the manufacturer with the opportunity to gain more profit.
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By Type:
Corrugated Cardboard
Newspapers
Magazines
White Office Paper
Mixed Paper
By Application:
Wrapping Paper
Printing-and-Writing Paper
Other
By Regions:
North America
U.S.
Canada
Europe
The industry is seeming to be fairly competitive. Some of the leading market players include Waste Management, Republic Services, Sonoco Recycling, Hanna Paper Recycling, WASCO, Perlen Papier, ST Paper Resources, Cascades Recovery, Global Wastepaper Recyclers, International Paper, Heinzel Group, DS Smith, Veolia Environment, Remondis, Kokusai Pulp & Paper, Huanjia Group, Shandong Century Sunshine, Northern International, China Recycling Development, Tianjin Wuchan and so on. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.
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