Recovered Paper Market to be Dominated by Containerboard Segment Through 2027
Growing demand for packaging
purpose & rising concern about the environment are factor that are expected
to drive the demand for the recovered paper market in the forecast period,
2023-2027.
According to TechSci Research report, “Recovered Paper Market- Global Industry Size,
Share, Trends, Opportunity, and Forecast, 2018-2028”, The global recovered
paper market is anticipated to rise at an impressive rate in the upcoming
period, 2022-2027. Recovered paper is commonly used for writing, printing, and
packaging purposes, such as paper bags, corrugated boxes, folding cartons, and
other things. The report published in 2020 showed the total production amount
of recovered paper in 2020 was nearly 228.5 million metric tons worldwide.
Although recovered paper production decreased as the covid effect declined,
compared to 2000, the market has been raised to 60 %. Thus, the rise in the
application of recovered plastic is expected to increase the market's growth.
Additionally, raising awareness about lightweight and home-based devices are
other factors expected to impact the market's growth through 2027 positively.
The supply of low-grade
paper, high contamination of molecules, and supply chain distortion are
hindering market growth. Around the world, government, and business firms'
effort to reduce the use of harmful packing material and switch towards sustainable
material is impacting growth. In addition, growing demand from the print media
sector for news printing purposes, making tissues for household uses, treating
oil spills in rivers and oceans, and notepad for study or writing purposes are
expected to influence the market growth. Thus, the abovementioned factors will
drive the market growth of recovered paper globally.
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data Figures spread through 110 Pages and an in-depth TOC on " Global Recovered Paper Market"
The
global recovered paper market is segmented based on grade, type, and end user industry. Based on grade, the market is divided
into low-grade paper, high-grade paper, brown paper, and others. Brown paper is
expected to hold the largest market share in the forecast period, 2023-2027.
Owing to its diverse application in various industries, recovered paper is used
to make different products like industrial bags, grocery bags, inner plies of
multiwall sacks, or plain wrapping paper. Thus, brown paper dominates the
segment.
Based on type, the market is
divided into printing and writing paper, newsprint, tissue, and containerboard.
As per estimates, containerboard segment will experience the highest market
share during the forecast period. The increase in corrugated box shipments,
e-commerce shipping, packaged food demand, business need, and consumer
preference for recycled packaging options make containerboard dominate the
segment.
Based on the end-user
industry, the market is divided into food & beverage, electrical &
electronics, automotive, pharmaceuticals, and others. As per estimates, the
food & beverage segment will experience the highest market share during the
forecast period. Due to heat weldability, printability, barrier properties,
economy, sustainability, and eco-friendly help the manufacturer to wrap edible
products safe and secure from external forces at a reasonable price. Apart from
these, government and environmental agencies' pressure on plastic products
makes recovered plastic as best product packaging alternative. Hence, food
& beverage dominate the end-user industries segment.
Major companies operating
in global recovered paper market are:
- Smurfit Kappa Group plc.
- International Paper Company
- American Eagle Paper Mills
- Stora Enso Oyj
- Mondi Group Plc.
- Nine Dragons Paper Holdings Limited
- DS Smith Plc
- S.A Industrias Celulosa Aragonesa (SAICA)
- Tay Paper Recycling Pte Ltd.
- Visy Industries
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"
The North American region is expected to dominate
the global Recovered Paper market. Packaging made from recovered paper is
anticipated to gain attention in place of plastic packaging, which seriously endangers
the environment, as the focus now shifts to eco-friendliness and
sustainability. The paper packaging market is anticipated to be led by the
United States in the region as the use of recovered paper material in a variety
of sectors, including healthcare, personal care, homecare, retail, and others.
Thus, in the upcoming years, the region expects to increase demand for the
recovered paper industry. The report published in 2022 states that comparing
the years 2015 to 2018, the demand for paper-based food packaging rises by
nearly 24 %. Thus, the demand for recovered plastic is expected to increase for
the packaging of food and beverages product to make edible items secure and
easy to handle.
Additionally, the rising demand for tissues for
household uses, the print media sector for news printing, the treatment of oil
spills in rivers and oceans, and the packaging of food, beverages, and
electronic goods are the reason for market growth. Thus, the demand from
various industries for packaging the final product, technological advancement,
and favorable government policies will impact the market's growth and propel
the global recovered paper market growth till 2027." said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based global management
consulting firm.
“Recovered Paper Market,
2027- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, By Grade (Low Grade Paper, High Grade Paper,
Brown Paper, and Others), By Type (Printing and Writing Paper, Newsprint,
Tissue, and Containerboard), By End User Industry (Food & Beverage,
Electrical & Electronics, Automotive, Pharmaceuticals, and Others), By
Company and By Region, has
evaluated the future growth potential of Global 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 global recovered paper market.”
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