Global Waste Paper Recycling Market Size, Share, Growth Analysis, By Waste Product(Corrugated cardboard, White office paper), By Application(Wrapping paper and Printing & writing Paper) - Industry Forecast 2024-2031

Global Waste Paper Recycling Market size was valued at USD 42.97 billion in 2022 and is poised to grow from USD 44.82 billion in 2023 to USD 62.77 billion by 2031, growing at a CAGR of 4.3% during the forecast period (2024-2031).

The growing number of universities, educational institutions, and businesses worldwide is driving up demand for and consumption of paper goods. Wood and bamboo are the primary raw materials used to make paper, which explains why there is a growing market for them. Deforestation rises in response to rising paper demand. Recycling used paper is necessary to stop the increase in deforestation. Paper recycling is becoming increasingly significant in modern life due to rising rates of middle-class population literacy in developing nations and increasing urbanization. Paper recycling is growing in popularity as environmental resource depletion becomes more of a concern.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Waste Paper Recycling Marketand to estimate the size of various other dependent submarkets. The research methodology used to estimate the Market size includes the following details: The key players in the Market were identified through secondary research, and their Market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top Market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Waste Paper Recycling Market Segmental Analysis

Global waste paper recycling market is segmented on the basis of waste product, application and region. On the basis of waste product, global market is segmented into, corrugated cardboard, white office paper, magazines, newspapers and tissue papers. On the basis of application, global market is segmented into wrapping paper, Printing and Writing Paper. On the basis of region, global market is divided into North America, Europe, Asia Pacific, Latin America, and MEA.

Drivers of the Global Waste Paper Recycling Market

The waste paper recycling market is driven by the positive environmental impact of recycling paper. Compared to the production of new paper, recycling results in 35% less water pollution and 74% less air pollution. A ton of recycled newspaper also gets rid of three meters' worth of trash. Methane, a potent greenhouse gas, is produced as paper breaks down in the earth. Overall, it appears that making paper from recycled pulp is still far superior to making it from virgin pulp.

Restraints in the Global Waste Paper Recycling Market

In an ideal world, businesses and consumers would recycle their spent paper to build new paper that could be used indefinitely. The truth is that paper fibers deteriorate with each recycling cycle; in general, paper may only be recycled five times before losing vital properties like fiber length and strength. Paper grades need to be managed differently throughout the recycling process. Corrugated cardboard and mixed paper, for instance, can be recycled to make the low-grade paper that goes into things like egg cartons, paper boards, and brown bags. Only the same high-grade paper can be used to create the high-grade recycled paper needed for printing. The expansion of the global waste paper recycling market is hampered by this inefficient waste paper collecting and segregation aspect.

Market Trends of the Global Waste Paper Recycling Market

The current trend is the development of sophisticated technologies for waste paper sorting and processing, which has increased the productivity and caliber of recycled paper production. A emerging trend in economic models is the circular economy, which views waste paper as a valuable resource that can be recycled and repurposed into new products instead of being thrown away as garbage.