Paper possesses a crucial characteristic in its ability to undergo multiple recycling processes, thereby minimizing the expenses associated with producing fresh paper. Recycling paper is recognized for its role in preserving natural resources, leading to decreased greenhouse gas emissions, energy conservation, and the preservation of landfill capacity for other waste materials. Deforestation contributes significantly to global warming and habitat loss, but recycling waste paper diminishes the necessity for manufacturing new paper from virgin sources and mitigates the impacts of deforestation.
According to SPER market research, ‘Europe Paper Recycling Market Size- By Type, By Application, By Price - Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Europe Paper Recycling Market is predicted to reach USD 10.74 Billion by 2033 with a CAGR of 3.6%
Paper Recycling Market Analysis
- The use of recycled paper as a packaging commodity in several industries, including food and beverage and pharmaceutical, has boosted demand for it.
- Environmental concerns are only increasing, and paper, including recycled paper, is being preferred as a packing medium over non-biodegradable plastic.
- With the felling of trees becoming increasingly frowned upon due to environmental concerns, the trend is gradually turning towards using paper that is already in circulation, i.e., recycled paper.
- Government measures are helping to promote demand for recycled paper by encouraging its usage and enforcing strict limits on non-biodegradable alternatives.
- Paper recycling manufacturing is diversified since paper can be recycled for personal use at home as well as at large industrial facilities. As a result, the market has a wide range of production and application opportunities.
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Paper Recycling Market Trends
- As the demand for recycled paper grows, paper recycling techniques are becoming more advanced, such as sensor-based technology to determine the quality of the paper being recycled and the employment of robots to sort paper.
- Vendors are looking to establish up effective paper recycling operations. As a result, there has been an effort to establish more coordinated paper collection banks and systems.
- The amount of recycled paper available in the market is determined by how waste paper is treated. Certain customers still need to be more aware of the recyclable worth of paper, and as a result, a lot of potentially recyclable paper is wasted.
Market Challenge
- Contamination is a major concern in the European paper recycling sector. Contamination lowers the quality of recycled paper while increasing processing expenses.
- Fluctuating Market Demand: The market for recycled paper products is variable, with worldwide demand swings affecting recycling facilities' profitability. Economic downturns and shifts in consumer preferences may have an impact on demand for recycled paper.
COVID Impact: France, the UK, and Russia are currently experiencing the primary impact of the COVID-19 pandemic in Europe. This has led to an economic downturn due to revenue losses in various sectors affected by disruptions in the supply chain. The temporary disruption in operational efficiencies has affected industrial facilities across Europe. COVID-19 regulations have also constrained the operational capacity of the recycled paper market. Nevertheless, increased demand for recycled paper from various industries is expected to drive market growth. Europe's GDP declined by as a result of COVID-19, following a gain in 2019, significantly affecting the paper and paper recycling sector.
Additionally, some of the market key players are American Chung Nam, Global Waste Recyclers Ltd, Sonoco Products Company, ST PAPER RESOURCES PTE LTD, Others.
Europe Paper Recycling Market Segmentation:
By Type: Based on the Type, Europe Paper Recycling Market is segmented as; Pre-consumer Waste, Post-consumer Waste.
By Application: Based on the Application, Europe Paper Recycling Market is segmented as; Containerboard, Newsprint Paper, Tissue, Writing and Printing Paper, Others.
By Region: This research also includes data for France, Germany, Italy, Russia, UK and rest of Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
For More Information, refer to below link:-
Europe Paper Recycling Market Outlook
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