United States Recovered Paper Market to Grow with a CAGR of 5.60% through 2028
Increasing
government regulations and corporate sustainability goals is expected to drive
the United States Recovered Paper Market growth in the forecast period, 2024-2028
According to TechSci Research report, “United
States Recovered Paper Market–Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2018-2028F”, the United
States Recovered Paper Market, by volume., stood at 41.84 Million tonnes in 2022 and is
anticipated to project steady growth in the forecast period with a CAGR of 5.60%
through 2028. The United States Recovered Paper Market is primarily driven by
several key factors. Recovered paper refers to paper and paperboard products
that have been used and collected for recycling. These materials are processed
and repurposed into new paper and paperboard products. The recovered paper
market is a vital component of the larger recycling industry, contributing to
the circular economy by reducing the need for virgin pulp and conserving
natural resources.
Growing environmental awareness has driven consumers
and businesses to demand more sustainable and eco-friendly products. Recovered
paper supports these initiatives by reducing the industry's carbon footprint
and conserving trees, water, and energy. Federal and state governments have
implemented various regulations and policies to encourage recycling and reduce
landfill waste. These regulations have pushed industries to prioritize
recycling and invest in recovered paper processing facilities
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United States recovered paper market has undergone significant
developments in recent years, driven by sustainability initiatives,
advancements in recycling technology, and changing consumer preferences. This
industry, essential for the circular economy and the paper manufacturing
sector, continues to evolve to meet the increasing demand for recycled paper
products.
With more consumers shopping online, the demand for
corrugated cardboard boxes and packaging materials has skyrocketed. This trend
has created a substantial need for recovered paper, particularly Old Corrugated
Containers (OCC). Companies are increasingly prioritizing sustainable packaging
solutions, which further boosts the demand for recycled paper products in the
packaging sector. Environmental
consciousness among consumers and businesses alike has led to a greater focus
on sustainability and recycling. This shift in mindset has encouraged companies
to adopt more eco-friendly practices, including using recycled paper as a key
component of their products. Businesses are recognizing the value of promoting
their environmental efforts, driving demand for recycled content in various
paper products.
The circular economy concept, which emphasizes
reducing waste and maximizing the use of resources, has gained traction in the
US. Recovered paper plays a central role in this model, as it can be recycled
multiple times to produce various paper and cardboard products. The commitment
to a circular economy has encouraged investments in recycling infrastructure
and improved collection systems.
The United States Recovered Paper Market is segmented
into grade, type, end user industry , regional distribution, and company. In the United States, the market for recovered paper
is divided into various grades, each with its own characteristics and recycling
applications. These grades help facilitate the recycling process and ensure
that the recovered paper is used in the most appropriate and efficient manner.
Here are more detailed descriptions of some common grades of recovered paper in
the US market. OCC is the most widely recycled paper grade in the US. It
primarily includes used corrugated cardboard boxes used for shipping and
packaging. It is a valuable source of fiber for producing new corrugated boxes
and other paper products. Mixed paper is a category that includes various types
of paper and paperboard. It often contains a mix of magazines, newspapers,
office paper, junk mail, and other paper products. Hard mixed paper includes a
mix of paper and paperboard materials.
US recovered paper market is a dynamic and
multifaceted industry that plays a crucial role in recycling and supplying raw
materials to the paper and packaging sectors. Within this market, two prominent
and essential segments are containerboard and tissue paper. Containerboard
forms the basis for corrugated boxes and packaging materials, while tissue
paper encompasses a range of products from facial tissue to toilet paper.
Containerboard, also known as corrugated paperboard, is a heavyweight paper
primarily used in the production of corrugated boxes and packaging materials.
It is the backbone of the packaging industry, providing the structural
integrity needed to protect and transport a wide range of goods. The recovered
paper market in the US supplies a significant portion of the fiber required for
containerboard production. Old Corrugated Containers (OCC) are the primary
source of recovered fiber for this segment. As e-commerce continues to thrive
and the demand for sustainable packaging materials rises, the importance of OCC
and containerboard production grows.
United States recovered paper market is a complex and
diverse industry with regional variations influenced by factors such as
population density, industrial activity, recycling infrastructure, and economic
conditions. The West Coast, including states like California, Oregon, and
Washington, has a robust recycling culture and infrastructure. High population
density and a strong focus on sustainability drive demand for recovered paper.
The proximity to major ports facilitates the export of recovered paper to
overseas markets, particularly in Asia.
The Midwest, which includes states like Illinois,
Ohio, and Michigan, has a significant manufacturing presence, contributing to
the demand for recovered paper for packaging and industrial applications. The
region's paper mills rely on recovered paper as a key raw material for
containerboard production. The Great Lakes region provides access to water
transport, making it convenient for shipping recovered paper. The Northeast,
comprising states like New York and Pennsylvania, has a mix of urban and rural
areas, leading to varying recycling practices. Cities with high population
density often have well-established recycling programs, while rural areas may
have limited access to recycling facilities.
Major companies operating in the United States Recovered
Paper Market are:
- International Paper
- Westrock Co
- Pratt Industries, Inc.
- Sonoco Products Company
- Cascades Inc
- Packaging Corp Of America
- Koch Industries
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“Containerboard and tissue paper are integral
components of the US recovered paper market. These segments continue to evolve,
driven by consumer preferences, technological advancements, and a growing
emphasis on sustainability. As the demand for eco-friendly packaging and tissue
products continues to rise, the role of recovered paper in meeting these
demands becomes increasingly significant. The industry's ongoing commitment to
sustainability ensures that containerboard and tissue paper will remain vital
players in the circular economy of paper recycling,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based management consulting
firm.
“United States Recovered Paper Market By
Grade (Low Grade Paper, High Grade Paper, Brown Paper, Others), By Type
(Printing & Writing Paper, Newsprint, Tissue, Containerboard), By End User
Industry (Food & Beverage, Electrical & Electronics, Automotive,
Pharmaceuticals, Others), By Region, Competition, Forecast and&
Opportunities, 2018-2028F”, has evaluated the future growth potential of United
States Recovered Paper Market and provides statistics & information on
market size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision-makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in United States Recovered Paper Market.
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