Recycling of paper increases Waste Paper Management Market

Paper is an essential product in our daily life, however, the production of the same leads to the loss of natural resources. In this scenario, the management of wasted paper turns into a critical concern that must be addressed. Waste paper management market is formed around the development of processes of recycling waste paper, converting them into new and useful products such as cardboard, books, newspapers, and others.

Browse 77 Market Tables, 178 Figures spread through 146 slides and an in-depth TOC on “Waste Paper Management Market (2018 - 2023)”

The waste paper management market is gaining strong traction from the efforts of social welfare associations who aspire to increase public awareness regarding proper disposal of paper. Growing concerns regarding climate changes across the world is a key driver for waste paper management market. Increasing the literacy rate and growth of the education sector as well as population across emerging economies leads to the generation of huge amount of waste paper and organizations are coming out with innovative technologies to transform the waste into something useful. IndustryARC's research report projects profitable progression in the waste paper management market during the forecast period from 2018 to 2023.

• Increase in demand for old corrugated containers (OCC). OCC like cardboard is used in the packaging industry as it provides strength to carry lightweight products.

• Growing demand for reused paper across several end-use industries such as FMCG, food and beverage, pharmaceutical, and textiles.

• Increasing environmental friendly waste disposal policies in a number of countries, which improves the services of waste disposal operations and increases the levels of awareness regarding recycling within the community. 

The global waste paper management market can be segmented on the basis of paper grade, type, the source of waste paper, and by service. Based on the type, waste paper management can be classified into reducing, replace, recycle, reuse, and recover. By paper grade, the market can be bifurcated into mixed papers, old corrugated containers, newspaper, and pulp substitute. By service, it is further classified into storage, segregation, processing, collection, and transportation. By source of waste paper, it is further segmented into commercial, residential, industrial, and institutional.

Some of the major players operating in the waste paper management industry are International Paper Company, Veolia Environment S.A., Waste Management, Inc., Mondi Group, and Georgia-Pacific LLC. Mondi’s waste paper management services emphasize recycling processes based on natural fiber and renewable resources. Mondi’s nautilus products are made of 100% post-consumer recycled products. In Veolia, the collection of waste paper from different houses and non-hazardous industries and commercial waste is sent into high-performance sorting centers and the recovered waste will be used as the secondary raw material by the industry.

 

Waste paper management market is on a surge owing to growing awareness regarding pollution and environmental concerns among developed and developing countries. The market is poised to gain strong traction from packaging and other industries in the near future.