23-Nov-2021 | Zion Market Research
Major companies in Global Waste Paper Management Market are Veolia Environment S.A., Republic Services, International Paper Company, Waste Management Inc, Sappi Ltd, UPM-Kymmene, YJ, Georgia-Pacific LLC, Westrock Company, Mondi Group, and DS Smith PLC.
According to analysts at Zion Market Research, the Global Waste Paper Management Market accounted for more than USD 38.78 Billion in 2020 and is expected to reach USD 49.51 Billion by 2028, growing at a CAGR of more than 3.1% from 2021 to 2028.
This review is based on a report by Zion Market Research, titled “Global Waste Paper Management Market by Process (Collection, Transportation, Incineration, Disposal, Segregation, and Processing), by Sources (Commercial, Residential, Educational Institutes and Others), by Final Product (Facial tissue, Paper towels, Newspaper, Paper plates, Confetti and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2021 – 2028.”
Rising Literacy rate and growing awareness among people to Spur Growth
Due to rising literacy rate and growing awareness among the people about the need of education, the demand for the paper manufacturing industry has raised, which in return also generates ample amount of waste paper that can be recycled. Stringent government rules to reduce deforestation is also encouraging the growth of the waste paper management industry. Key players adopt new technologies to extract maximum paper from recycling process in order to make various recyclable paper products and are a vital factor motivating the growth of the Waste Paper Management Market. Government organizations enthusiastically taking part in developing waste paper management facility is also fostering the growth of waste paper.
People inclining towards recyclable paper products are also driving the Global Waste Paper Management Market. On the other hand, rising digitalization of the technology and people strongly adopting paperless work culture is also a factor restraining the growth of the Global Waste Paper Management Market to some extent.
Rising Industrialization relevant to waste management enhance Asia Pacific Growth
The Asia Pacific region dominates the Global Waste Paper Management Market due to rising industrialization relevant to waste management in the developing nations such as India and China. North America is expected to grow rapidly due to highly efficient technology developed for waste paper management and a high number of the manufacturer, producer of paper pulp and waste paper. Europe may show a steady growth in coming further due to strict regulation enforced by the government related to deforestation.
Browse the full “Global Waste Paper Management Market By Process (Collection, Transportation, Incineration, Disposal, Segregation, and Processing), By Sources (Commercial, Residential, Educational Institutes and Others) and By Final Product (Facial tissue, Paper towels, Newspaper, Paper plates, Confetti and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2021 – 2028.” Report at https://www.zionmarketresearch.com/report/waste-paper-management-market
Global Waste Paper Management Market is segmented as follows:
By Final Product
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