The report is titled as ‘Waste Paper Recycling Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the Waste Paper Recycling market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. Waste Paper Recycling market is expected to grow with significant rate in the near future.
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Waste Paper Recycling Introduction
Recycling has turned out to be a prevailing and well-known industry all over the world and particularly in the United States, in recent years, attributing to the soaring awareness as well as growing interest towards preserving the planet. With the same token, paper recycling represents a major division of the industry and is determined as the scale of activities related to the restoration and treatment of scraps of paper in order that it can be employed in the manufacturing of new paper commodities.
Notably, every single ton of paper reprocessed preserves more than 3.3 cubic yards of landfill space, and if one estimates by weight, more paper is restored for recycling than aluminum, plastic, and glass together. The reprocessing and recycling method of waste paper primarily combines scrap paper with water and chemicals. This mixture is further split and heated to separate into cellulose strands known as slurry or pulp. Further, it goes through various processes including purification, deinking, bleaching, and then, mixed with water and transformed into new recycled paper. The rapidly increasing awareness among the population, worldwide, regarding the preservation of the environment along with the increased literacy rates in the developing countries, is primarily driving the growth of the global waste paper recycling market.
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Waste Paper Recycling Market Segmentation
The global waste paper recycling market is segmented on the basis of waste type, source of collection, collection & segregation channel, end user industries, and region.
By Waste Type
- Cardboards
- Milk & Juice Cartons
- Shredded Paper
- Bound Books
- Newspapers
- Magazines
- White Office Paper
- Mixed Paper
- Others
By Source of Collection
- Industries
- Offices
- Households
By Collection & Segregation Channel
- Kerb-side Pick-up
- Paper Bank Collection
- Municipal Solid Waste (MSW) Collection
By End Use Industries
- Food & beverages
- Retail
- Electrical & Electronics
- Printing & Paper
- Building & Construction
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
Waste Paper Recycling Market Key Players
Some of the key participating players in global waste paper recycling market are:
- Hanna Paper Recycling, Inc.
- International Paper Company
- DS Smith Recycling Holding B.V.
- Waste Management Inc.
- WestRock Company
- WM Recycle America, LLC
- Sonoco Recycling LLC
- Caraustar Industries, Inc.
- Pratt Industries, Inc.
- Saica Group
- Ricova Recycling
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Over the past few years, electronic waste is the fastest-growing term worldwide.
E-waste contains metals, carbon, lead, mercury, etc.
Electronic recycling is important but how it should be implemented by ITAD companies is something of a puzzle to a lot of manufacturers at the moment.
Here are some solutions for easy e-waste recycling.
The mounting level of e-waste generated currently by the global population is estimated to fortify the growth of the electronic waste recycling market 2020.
The SEM industry reports are produced by Market Research Future, which highlights market options for expansion.
A 13.03% CAGR is estimated to shape the market worth to USD 39,498.81 Million by 2024.The government aid in reducing e-waste and institution of strong policies to reduce e-waste is anticipated to benefit the expansion of the e-waste recycling market size.
The road to the resurgence of the market is estimated to be lengthy and arduous due to the degree of a setback it has suffered.
The prospects for growth in the market have to be carefully sought out and examined to ensure that they will ensure the favorable development of the market in the coming period.
The stress on enhancing the production potential and upgradation of the workforce are the top priorities to reinvigorate the development potential of the market in the coming period.
