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Waste Paper Management Market: Segmented: By Process (Collection, Transportation, Recycling, Incineration, Segregation, Processing), By Final Product (Facial Tissue, Paper Towels, Newspaper, Paper Plates, Confetti, and Others), By Source (Commercial, Industrial, Residential, and Others) And Region - Global Analysis of Market Size, Share & Trends For 2021-2022 And Forecasts To 2032
[170+ Pages Research Report] Waste Paper Management market to surpass USD 63.9 billion by 2032 from USD 41.45 billion in 2021 at a CAGR of 3.7% in the coming years, i.e., 2022-32.
Product Overview
Waste paper is paper thrown away after use or discarded as it may be useless. Growing industries and consumption of paper has several environmental consequences and also leads to deforestation. Waste paper management is referred to as recycling of used paper into new or useful products. Recycling helps in reducing the consumption of raw materials by utilizing the waste materials and converting them into new products. Waste paper management process includes collection, transportation, recycling, incineration, segregation, and processing. The final products made using waste paper are facial tissue, newspaper, paper towels, confetti, paper plates, and others.
Waste Paper Management market is expected to project a notable CAGR of 3.7% in 2032.
Stringent government regulations, environmental concerns related to waste paper, growing consumption of paper and paper products, rising public awareness, and advancement in technologies are driving market growth.
Collection segment holds the largest market share
Global Waste Paper Management market is classified on the basis of process into Collection, Transportation, Recycling, Incineration, Segregation, Processing. Collection segment is dominating the market with the largest market share. The growth is attributed to the increasing implementation of rules and regulations by government authorities related to collection of waste for recycling purposes.
Commercial segment holds the largest market share
Global Waste Paper Management market is classified on the basis of source into Commercial, Industrial, Residential, and Others. Commercial segment is dominating the market with the largest share. Growing focus of key market players on new product development and expanding their presence in emerging economies are the main factors propelling the segment’s growth.
Stringent Government Regulations & Environmental Concerns
Environment pollution and deforestation have become major concerns leading to climate change and global warming. Countries are focusing on reducing the carbon footprint and promoting sustainable development practices. Waste management helps in controlling pollution by utilizing effective and sustainable solutions. Therefore, government authorities across the world are enforcing stringent waste management regulations and have mandated manufacturers to recycle the waste paper and waste paper products which is driving the market growth.
Socio-economic Factors and Growing Awareness
Growing population, urbanization, industrialization, and changing lifestyles are the factors inducing the consumption and demand of paper and paper-based products. Growing paper generation has propelled the need for recycling paper as it saves energy and landfill space. Moreover, growing public awareness related to use of recycled paper products along with rising adoption advance technologies are boosting the growth of Global Waste Paper Management market.
Lack of Proper Channel for Waste Paper Collection
Lack of proper channel for waste paper collection is restraining the growth of Global Waste Paper Management market. Furthermore, reuse of waste paper results in loss of fiber value which can hamper the growth of the market.
Recent Developments
Global Waste Paper Management market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Asia Pacific is dominating the Global Waste Paper Management market with the largest share. Rapid industrialization, urbanization, and growing population are the key factors driving the market growth in the region. India and China hold the largest market share. Furthermore, North America is expected to grow significantly owing to the high adoption of advanced technologies and presence of various manufacturers in the region.
Coronavirus pandemic has adversely affected the economies around the globe. Nationwide lockdown regulations were imposed in many countries to control the spread of the virus and social distancing norms were strictly followed by the citizens. Covid-19 had a negative impact on Global Waste Paper Management market as the pandemic disrupted the supply chains and procurement of raw materials. Companies were forced to halt the business operations which resulted in the huge decline in revenues of the market players.
Waste Paper Management Market is further segmented by region into:
Waste Paper Management Market Segments:
| Report Attribute | Details |
| Market size value in 2021 | USD 41.45 billion |
| Revenue forecast in 2032 | USD 63.9 billion |
| Growth Rate | CAGR of 3.7% from 2022 to 2032 |
| Base year for estimation | 2021 |
| Quantitative units | Revenue in USD million and CAGR from 2022 to 2032 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Process, Final Product, Source, and Region |
| Regional scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Key companies profiled | ACM, Cascades Recovery, Reliable Paper Recycling, Inc., Veolia, Harris Waste Management Group, Inc., Hills Waste Solutions Limited, International Paper Co., Eco Waste Solutions, Macpresse Europa S.R.L, Organic Waste Systems NV (OWS NV), Advanced Disposal Services, Inc., Renewi plc, Republic Services, Inc., Waste Management, Inc., Zero Waste Energy, LLC., and Other Prominent Players |
Global Waste Paper Management market size was estimated at USD 41.45 billion in 2021 and is expected to reach USD 63.9 billion in 2032.
Waste paper management is referred to as recycling of used paper into new or useful products. Recycling helps in reducing the consumption of raw materials by utilizing the waste materials and converting them into new products.
Collection, and Commercial segment accounted for the largest Global Waste Paper Management market share
Ans. Key players: ACM, Cascades Recovery, Reliable Paper Recycling, Inc., Veolia, Harris Waste Management Group, Inc., Hills Waste Solutions Limited, International Paper Co., Eco Waste Solutions, Macpresse Europa S.R.L, Organic Waste Systems NV (OWS NV), Advanced Disposal Services, Inc., Renewi plc, Republic Services, Inc., Waste Management, Inc., Zero Waste Energy, LLC., and Other Prominent Players are the key players in the Global Waste Paper Management market.
Stringent Government Regulations & Environmental Concerns and Socio-economic Factors and Growing Awareness are the factors driving the Global Waste Paper Management market.
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