Global Wastepaper Management Market Valued at $43.35 Billion by 2020

 

According to a new research report by WhaTech Energy Market Research, Mt. Macedon, Australia, recovered products of wastepaper recycling include container boards, paper and paperboard, newsprint, tissue, and pulp substitute. Increasing population, strict regulations imposed by local governments for waste management practices, increasing consumer awareness, and increasing awareness about environmental safety are the main drivers of the wastepaper management market.

The wastepaper management market is expected to witness significant growth in the future with the increasing popularity of sustainable waste management practices. The market is also projected to experience growing demand in the industrial as well as commercial sectors.

 

The global wastepaper management market is projected to be valued at around $43.35 Billion by 2020, and to grow at a CAGR of 2.55% from 2015 to 2020.

 

 

Graph: In the U.S., a full 40% of managed packaging waste is paper based. - Greenprint Survival

 

Developing markets such as China, Brazil, and India are emerging as growth economies for the wastepaper management market. Growing economies, increasing population, and the resultant disposable income of people are acting as the main drivers for increased opportunities in these countries.

The presence of better waste treatment facilities has been a factor in contributing to the rising demand of wastepaper management services in the mature regions of Europe and North America. The growing interest of consumers regarding environmental safety is also a key driver of waste paper management market.

  

Leading players involved in Waste Paper Management include:

• Veolia Environnement S.A.
• International Paper 
• Waste Management, Inc.
• UPM-Kymmene
• WestRock.