USD 42.97 billion
Waste Paper Recycling Market Size, Share, Growth Analysis, By Type(Corrugated Cardboard, Newspapers, White Office Paper, Magazines), By Application(Wrapping Paper, Printing and Writing Paper, Others), By Source(Residential, Commercial, Industrial, Others), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15Q2003 |
Region:
Global |
Published Date: April, 2024
Pages:
184
|Tables:
63
|Figures:
75
Waste Paper Recycling Market Insights
Waste Paper Recycling Market size was valued at USD 44.82 Billion in 2023 and is poised to grow from USD 46.75 Billion in 2024 to USD 65.47 Billion by 2032, growing at a CAGR of 4.3% during the forecast period (2025-2032).
The demand and consumption of paper products are increasing worldwide because increasing number of colleges, education institutes, and industries across the world. The main raw material used for manufacturing paper is wood and bamboo, that's why the demand for wood and bamboo is increasing. Increasing demand for paper leads to a rise in deforestation. For preventing the rise in deforestation there is a need for waste paper recycling.
Due to the increasing urbanization and the rise in literacy rates in middle-class populations in developing economies, recycling of paper is becoming extremely important in modern life. Paper recycling is becoming more popular due to the increasing concern over depleting environmental resources. The recovered paper provides more than 35% of the paper raw material requirements in countries like India and China. Due to a shortage of waste paper collection and segregation systems, India imports a lot of recovered paper to fulfil its domestic need.
Local players concentrate primarily on establishing proper collection and segregation facilities to promote waste paper collection. Leading recycling companies are creating automated, highly effective recycling systems to lower production costs and minimize labour-intensive tasks by automating the process. Waste papers come from a variety of sources, including thrown-away, paper mill wastes, and papers that are discarded after being used by consumers. Old newspapers, magazines, cardboard boxes, wrapping paper, and packing paper are just a few examples of the waste paper that can be recycled and reused. The advantages of waste paper recycling are saving energy, wood, and water which influence the growth of the waste paper recycling market. Waste paper recycling reduces greenhouse gas emissions, and recycled fibre is a sustainable, cost-saving resource for making new paper products. The use of recycled paper represents a substantial investment in reducing the demand for wood, electricity, and pollutant emissions during the initial pulping process. According to the World Wildlife Federation, recycling one ton of used paper can yield 800 kg of raw recycled fibre, saving 17 trees. Recycled paper also reduces carbon emissions from combustion.
US Waste Paper Recycling Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Wraping paper
Fastest Growth
Wraping paper
Growth Rate
4.3% CAGR
Global waste paper recycling market, 2022-2030 ($ Bn)
Country Share for Asia Pacific Region- 2022 (%)
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Waste Paper Recycling Market Segmental Analysis
Global Waste Paper Recycling Market is segmented by Type, Application, Source and region. Based on Type, the market can be segmented into Corrugated Cardboard, Newspapers, White Office Paper, Magazines,Others. Based on Application, the market can be segmented into Wrapping Paper, Printing and Writing Paper, Others . Based on Source, the market is segmented into Residential, Commercial, Industrial,Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Waste Product
On the basis of waste product, global waste paper recycling market is segmented into, corrugated cardboard, white office paper, magazines, newspapers and tissue papers. Corrugated Cardboard has the largest segment that led the market and accounted for more than 41% of global revenue share in 2022. It has been widely accepted by the packaging industry and in developing nations. Also, it is considered the highest value in terms of paper quality. It has high durability so, it can allow for maximum recycling. Changing consumer preferences and demographic growth have boosted the growth of the e-commerce sectors, which increases the packaging demand. This is expected to have a positive impact on the recycling of corrugated cardboard segment over the forecast period. Over 81% of times, corrugated cardboard gets recycled. You can recycle cardboard in any size, shape, or colour.
The white office Paper segment is expected to grow at a CAGR of 4.4% during the forecast period. White office paper is a broad category that includes discarded mail, phone books, paperboard, periodicals, and catalogues. Catalogues, computer papers, brochures & posters, and writing tablet backs can be put into this segment.
Analysis by Application
On the basis of application, global waste paper recycling market is segmented into wrapping paper, Printing and Writing Paper. The Wrapping paper segment is expected to hold 48.5% of the overall market share in terms of revenue over the forecast period. Wrapping paper starts with paper made from wood pulp in the paper industry. Pulp for gift wrap is mainly made from softwood trees; the pulp is bleached, while other papers, such as craft wrapping that is used in grocery store bags, are made from unbleached pulp. Due to these factors, this segment is expected to give significant growth for the waste paper recycling market.
Global waste paper recycling market size by application, 2022 (%)
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Waste Paper Recycling Market Regional Insights
On the basis of region, global waste paper recycling market is divided into North America, Europe, Asia Pacific, Latin America, and MEA. The Asia Pacific accounted for the largest market share in 2022. Increasing urbanization and more developments in developing countries like India and China have increased demand for products like newspapers, packaging, and printing papers to reach a higher literacy rate. Government regulations on the use of less plastic and low production costs, as well as changing consumer preferences for appropriate and viable packaging, are all factors for driving market growth in this region. China is the largest importer of waste paper in the world, so there are many opportunities in the waste paper recycling industry in developing nations like China, India, and Japan.
Europe is expected to grow at the fastest CAGR during the forecast period. In Europe, paper is collected for recycling purposes, and the rate of collection is increasing rapidly. The percentage rises above 50% every year. Also, recycled paper supplies more than half of Europe's demand for raw materials. Newsprint is the primary end-use for recycled paper, followed by packaging products.
Global waste paper recycling market by geography, 2022-2030
- Largest
- Fastest
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Waste Paper Recycling Market Dynamics
Driver
- Favourable Environmental Impact of Paper Recycling
Favourable environmental impact of paper recycling drives the waste paper recycling market. Recycling causes 35 % less water pollution and 74 % less air pollution than making new paper. Recycling a ton of newspaper also eliminates 3m³ of garbage. As paper decompose in the ground it produces methane, which is a powerful greenhouse gas. On balance, it seems that recycling paper is still much better than producing it from fresh pulp.
Restraint
- Inefficient Waste Paper Collection and Segregation
Ideally, consumers and businesses used their waste paper for recycling plants that could create new paper for forever reuse. But in reality, paper fibres degrade each time they are recycled- paper can typically be recycled no more than five times before it loses essential qualities like fibre strength and length. Different grades of paper must be handled separately during the recycling process. For example, corrugated cardboard and mixed paper are suitable for recycling into the low-grade paper used in products such as brown bags, paper boards, and egg cartons. High-grade recycled paper, required for printing, can only be made from the same high-grade paper. This inefficient waste paper collection and segregation factor hampers the growth of global waste paper recycling market worldwide.
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Waste Paper Recycling Market Competitive Landscape
Key market players are focusing on growing their customer base in order to gain a competitive advantage. As a result, key players are adopting variety of strategic initiatives, such as mergers & acquisitions and partnerships. To increase penetration across profitable areas, major players in global waste paper recycling market are maintaining successful relationships with various companies. For example, in September 2022, Huhtamaki and Stora Enso joined forces to launch Cup Collective, a new paper cup recycling initiative. In Europe, the program aims to recycle and capture used paper cups on an industrial scale. Initially, the program will be implemented in the Benelux. With the aim of setting new standards for paper cup collection and recycling in Europe, The Cup Collective has issued an open invitation to partners throughout the supply chain to participate in working towards a systematic European solution.
Top Player's Company Profiles
- International Paper Company
- Georgia-Pacific LLC
- Waste Management Inc.
- DS Smith PLC
- Pratt Industries, Inc.
- Cascades Inc.
- Mondi Group
- UPM-Kymmene Oyj
- Nine Dragons Paper Holdings Limited
- Smurfit Kappa Group plc
- Stora Enso Oyj
- Nippon Paper Industries Co., Ltd.
- Lee & Man Paper Manufacturing Ltd.
- WestRock Company
- Huhtamaki Oyj
- Sappi Limited
- Svenska Cellulosa Aktiebolaget (SCA)
- Kimberly-Clark Corporation
- Sonoco Products Company
- Oji Holdings Corporation
Recent Developments
- In April 2024, Walkers launched paper multipack bags for Snack A Jacks, as British Crisp Co. unveiled 'first fully recyclable' paper crisp packet.
- In March 2024, the Ekman Group acquired Allan Morris Recycling of north Wales. It will operate as a wholly owned subsidiary of Ekman & Co AB and continue to trade as Allan Morris Recycling.
- In March 2024, Cincinnati-based flexible packaging and materials science company ProAmpac acquired UP Paper, a Manistique, Michigan-based kraft paper manufacturer that uses 100 percent recycled fiber.
- In May 2022, NorthStar Recycling Company, LLC acquired Complete Recycling, LLC. With the acquisition, the former would be able to provide their present clients with more services, while also increasing the combined company's capacity to serve new clients and partners on a larger platform.
- In September 2021, Eurokey Recycling invested about £15 million in a supermarket recycling line. This development is intended to retrieve and recycle waste papers from the supermarket and retail sectors.
Waste Paper Recycling Key Market Trends
- The development of advanced technologies for sorting and processing waste paper, which has improved the efficiency and quality of recycled paper production is the ongoing trend. Additionally, there is a growing trend towards circular economy models, where waste paper is seen as a valuable resource that can be reused and recycled into new products, rather than being discarded as waste.
Waste Paper Recycling Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our business information services team that collects, collates, co-relates, and analyses the data collected by means of primary exploratory research backed by the robust secondary desk research.
According to our global waste paper recycling market analysis, the Asia Pacific accounted for the largest market share in 2021 for global waste paper recycling market. On the basis of segmental analysis, Corrugated Cardboard has the largest segment that led the market and accounted for more than 41% of global revenue share in 2022. Favourable environmental impact of paper recycling drives the waste paper recycling market. Reduce, reuse, and recycle are effective things that can increases sustainability and environmental awareness about global market.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 42.97 billion |
| Market size value in 2031 | USD 62.77 billion |
| Growth Rate | 4.3% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Waste Paper Recycling Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Waste Paper Recycling Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Waste Paper Recycling Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Waste Paper Recycling Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Waste Paper Recycling Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Waste Paper Recycling Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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