Waste Paper Management Market Size, Share, Growth Report 2030

Waste Paper Management Market

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

Category: Heavy Industry Report Format : PDF Pages: 188 Report Code: ZMR-714 Published Date: Nov-2021 Status : Published

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.Waste Paper Management Industry share By Process , Sources, Final Product, Region 

Market Overview

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.

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Paper is an essential commodity that is used in our day-to-day life and formulated from cellulosic fiber extracted from plants. Paper Industry has a very significant role in the overall development of country, the industry is directly linked with the educational and industrial growth across the globe. The paper that cannot be used after being utilized once is termed as waste paper. Waste paper management is a process of utilizing the used paper by converting it into a new and useful product which is achieved by recycling. This process is done in order to reduce the consumption of raw materials by saving energy and offering a great way of controlling air, water and land pollution.

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COVID-19 Impact Analysis

Due to Covid-19 pandemic, the waste paper management industry has been significantly impacted, this is attributable to the significant disruption by respective manufacturing and supply chain operations that come about as a result of various precautionary lockdowns and other restrictions that were been enforced by government authorities across the globe. There has been a significant reduction in the consumer demand as people tend to eliminate non-essential expenses from respective budgets as the economic status of individuals have also been affected severely.

However, with respective governing authorities trying to uplift the enforced lockdowns, the Global Waste Paper Management Market is expecting to recover.

Growth Factors

Rising literacy rate and growing awareness among the people about the need of education has led to an increase in demand for the paper manufacturing industry, which in turn leads to production of a huge amount of waste paper that can be used by recycling. The primary growth of this market is attributable to the public awareness about the environment and trends that are been followed with in the population. Government has been enforcing laws and regulations that have reduced deforestation and in turn has led to compel paper manufacturers and paper product manufacturers to manage and recycle waste papers. The Waste Paper Management Market is driven by socio-economic factors such as increasing awareness about safeguarding and protecting the environment.

Rising digitalization of technology and adoption of advanced tools and machinery that result in extraction of maximum amount of paper is also providing a boost to the market. With rising awareness people are more inclined towards the use of recycled paper products and is owing to growth.

Report Scope :

Report Attributes Report Details
Report Name Waste Paper Management Market Size Report
Market Size in 2020 USD 38.78 Billion
Market Forecast in 2028 USD 49.51 Billion
Compound Annual Growth Rate CAGR of 3.1%
Number of Pages 188
Forecast Units Value (USD Billion), and Volume (Units)
Key Companies Covered 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
Segments Covered By Type,By end-user, And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA)
Countries Covered North America: U.S and Canada
Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
Base Year 2021
Historical Year 2016 to 2020
Forecast Year 2022 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Source Segment Analysis Preview

The Commercial segment held a share of around 34.67% in 2020 and is projected to be the fastest-growing segment. The key players in the Waste Paper Management Market are focusing on adopting acquisition and new product development in order to gain a larger share in the market and this is helping in the growth of the source segment. Leading waste management service providers are focusing on developing countries that have a potential for industrial development in future. These strategies have aided companies to broaden share in the market and enhanced the customer retention.

Process Segment Analysis Preview

Collection segment will grow at a highest CAGR from 2021 to 2028. This is attributable to the norms, rules and regulations that have been initiated by government and authorities about the protection of environment. There are strict rules that are aimed at limiting the landfills and implementation regarding the collection of recycling waste. However, the Disposal segment of the process sector is also expected to show fastest growth in near future.

Regional Analysis Preview

The Asia Pacific region held a share of 27.5% in 2020 and is dominating the Waste Paper Management Market. This is attributable to the larger market share of India and China along with rapid industrialization in this region. With industrial development there is an unprecedented growth in the Waste Paper Management Market which is owing to the developing economies of this region.

The North American region is projected to grow at a CAGR of more than 2.3% over the forecast period. The North American region holds the largest growth rate and is attributable to the increased adoption of advanced technologies and prevalence of various manufacturers in this region. This region is one of the largest producers, consumer and exporter of waste paper and pulp. Due to the availability of advanced technology for waste paper recycling the North American region is expected to show growth in the forecast period.

The European market is also expected to show growth in future due to the strict regulations enforced by government in this region to reduce deforestation.

Key Market Players & Competitive Landscape

Some of the major players contributing through their efforts and development in Global Waste Paper Management Market include 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.

Key players in field of Waste Paper Management Market are adopting new technologies to extract maximum paper from recycling process which is motivating the growth of market. Strategic investment, expansion and new product developments have also been adopted by companies.

The Global Waste Paper Management Market is segmented as follows:

By Process  

  • Collection
  • Transportation
  • Incineration
  • Disposal
  • Segregation
  • Processing

By Sources

  • Commercial
  • Residential
  • Educational Institution
  • Others

By Final Product

  • Facial tissue
  • Paper towels
  • Newspaper
  • Paper plates
  • Confetti
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

 

Table Of Content

Methodology

FrequentlyAsked Questions

The Global Waste Paper Management Market was valued at more than USD 49.51 Billion in 2020.

The Global Waste Paper Management Market is expected to reach 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.

Rising literacy rate and growing awareness among the people about the need of education has led to an increase in demand for the paper manufacturing industry, which in turn leads to production of a huge amount of waste paper that can be used by recycling. Increasing awareness among people for the use of recycled paper is also driving the Global Waste Paper Management Market.

The Asia Pacific region held a share of 19.26% in 2020 and is dominating the Waste Paper Management Market. This is attributable to the larger market share of India and China along with rapid industrialization in this region. The North American region holds the largest growth rate and is attributable to the increased adoption of advanced technologies and prevalence of various manufacturers in this region. This region is one of the largest producers, consumer and exporter of waste paper and pulp.

Some of the major players contributing through their efforts and development in Global Waste Paper Management Market include 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.

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