PUBLISHER: Allied Market Research | PRODUCT CODE: 1179636
PUBLISHER: Allied Market Research | PRODUCT CODE: 1179636
The global waste paper management market was valued at $42,232.0 million in 2021, and is projected to reach $96,087.9 million by 2031, registering a CAGR of 8.5% from 2022 to 2031. Waste paper management is a process through which paper waste in different forms such as boxes, cardboard, printer paper and newspapers is collected from different sources such as houses, offices, schools and public places by municipal organizations, and is recycled to create new paper products such as boxes and tissues.
The waste paper management industry is majorly driven by growth in population around the globe. The growing population has eventually led to increase in volume of waste from municipal as well as industrial sector. In addition, rise in environmental awareness has led to increase in planned collection and disposal of waste. Furthermore, illegal waste dumping causes land, water, soil and air pollution that further causes serious impact over the human health. Thus, this has compelled government in different countries to bring strict laws on illegal dumping of waste on land as well as in oceans.
However, lack of awareness regarding the need for recycling the waste along with high cost of processing the waste to provide efficient waste management is limiting the use of recycling process, which in turn is a major restraint for the growth of the market. On the contrary, owing to several opportunities in developing countries, the waste paper management paper market is expected to grow during the forecast period.
The waste paper management market is segmented on the basis of service, type, source, and region. On the basis of service, the market is divided into collection & transportation, recycling, incineration, and disposal. By type, it is classified into containerboard, newsprint, and tissue. By source, it is bifurcated into residential and non-residential.
Region-wise, the waste paper management market analysis is conducted across North America (U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Key Benefits For Stakeholders
By Service
By Type
By Source
By Region