Delve into the latest trends driving the Recovered Paper Market. From consumer preferences to technological advancements, discover how the industry adapts to meet the demands of a rapidly changing world.
Waste paper from domestic and industrial sources is referred to as recovered paper. Paper recovered from landfills can be repurposed to make new papers and boards. Energy can be recovered by recycling paper instead of landfilling or burning it for energy recovery purposes. Paper waste is repurposed for manufacturing recyclable paper products. Among them are the production of cardboard and the packaging of cardboard.
In the packaging industry, a great deal of the recovered paper is reused, so it is sensitive to economic fluctuations as it is reused in a wide range of applications. It has been estimated that there is a reduction in packaging production of up to 17 percent because of the decline in the production of intermediate products for the automotive and aerospace industries.
In the Asia Pacific region, particularly in China, the consumption of recovered paper is substantial. However, the market dynamics underwent a significant transformation due to the stringent regulations imposed by the Chinese government in 2017. The new policies restricted the import of recovered paper to two million tonnes, accounting for merely 7% of the total volume in previous years. This regulatory shift has created a considerable impact on the market, as China primarily imports recovered paper from Japan, Europe, and the United States. Consequently, Europe now grapples with an excess of around eight million tons of recovered paper, resulting in challenges for the industry to absorb this surplus. The oversupply has led to a decline in the price of recovered paper, affecting manufacturers in Europe, prompting the closure of some production sites and posing disposal challenges for incineration plants producing recovered paper. Despite efforts to export high-quality recovered paper, the market is approaching saturation.
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Global recovered paper market: Key players
Some of the key players of global recovered paper market are
- Smurfit Kappa Group plc.
- International Paper,
- American Eagle Paper Mills,
- Stora Enso,
- Mondi Group Plc.
- others
Global recovered paper market: Dynamics
- Environmental Concerns:
- Growing environmental awareness and concerns about deforestation have led to increased demand for recycled paper products. Recovered paper, obtained through recycling, helps in reducing the pressure on natural resources and curbing environmental degradation.
- Government Regulations:
- Stringent government regulations and policies promoting sustainable practices and recycling play a pivotal role in the recovered paper market. Governments worldwide are implementing measures to encourage the use of recycled materials, influencing the market’s growth.
- Circular Economy Initiatives:
- The concept of a circular economy, where products and materials are recycled and reused, is gaining momentum. As part of this trend, the recovered paper market is benefiting from increased emphasis on closing the loop in the paper production cycle.
- Technological Advancements:
- Innovations in recycling technologies and processes are positively impacting the recovered paper market. Advancements in sorting, de-inking, and pulping technologies contribute to the efficiency of paper recycling, making it more economically viable.
- Consumer Preferences:
- Changing consumer preferences towards sustainable and eco-friendly products are driving the demand for recovered paper. Companies are increasingly adopting recycled content in their paper products to align with consumer expectations and enhance their corporate sustainability profiles.
- Global Economic Factors:
- Economic conditions, including fluctuations in raw material prices and currency exchange rates, can influence the cost of producing recovered paper. Economic stability or uncertainty in key markets can impact the overall dynamics of the recovered paper industry.
- Supply Chain Challenges:
- The global nature of the recovered paper market introduces challenges related to supply chain logistics. Efficient collection, sorting, and transportation of recovered paper are crucial for the industry’s success.
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Global recovered paper market: Segmentation
The global recovered paper market is segmented into product type, paper type and by end use.
On the basis of product type, recovered paper market is segmented into:
- Printing paper
- Corrugated container
- Cartons
- Boxes
On the basis of paper grade, recovered paper market is segmented into:
- Low grade paper
- High grade paper
- White paper
- Brown paper
On the basis of end use, recovered paper market is segmented into:
- Food & beverage industry
- Electrical and electronics industry
- Automobile industry
- Pharmaceuticals industry
- Others
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