Report : Europe Recycled Paper Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Pre-Consumer Waste, and Post-Consumer Waste), Application (Writing and Printing Paper, Containerboard, Newsprint Paper, Tissue, and Others)
Containerboard Segment has the Largest Share of Application in the Europe Recycled Paper Market during 2021–2028
According to our latest study on “Europe Recycled Paper Market Forecast to 2028 – COVID-19 Impact and Analysis – by Type, and Application,” the market is projected to reach US$ 9,356.8 million by 2028 from US$ 7,400.5 million in 2021; it is expected to grow at a CAGR of 3.4% from 2021 to 2028. The report highlights trends prevailing in the market, and the drivers and restraints pertaining to the market growth. The growth of this market is estimated to grow owing to key driving factors such as the demand for recycled paper is expected to expand at a high rate throughout the forecast period. Waste generation and management are becoming important social and environmental challenges as a result of fast economic growth and urbanization. Consumers and market players are increasingly using paper-based products and packaging, which is driving up demand for more paper manufacturing, which is increasing trash, and driving up the need for waste recycling.
In Europe, currently France, the UK, and Russia are the worst-impacted countries by the COVID-19 pandemic. The region is estimated to suffer an economic hit due to the lack of revenue from various industries subjected to disruption in supply chain. The massive outbreak of the pandemic has created temporary distortion in operational efficiencies of industrial bases in European market. The market for recycled paper has been negatively impacted due to limited operational capabilities due to COVID-19 restrictions. However, rising demand for recycled paper across diverse industrial applications is expected to substantially promote the demand for recycled paper in the regional market. Due to Covid-19 Europe Gross domestic product (GDP) declined by seven point four percent after a one-point six increase in 2019. The pandemic's macroeconomic cost harmed the paper and paper recycling industry. Demand for materials used in transport packaging and corrugated boxes has decreased as a result of the Covid-19's disruption in the market's supply chain.
Based on application, the Europe recycled paper market is bifurcated into writing and printing paper, containerboard, newsprint paper, tissue, and others. In 2021, the containerboard segment accounted for the largest share during the forecast period. The rapid development of the e-commerce industry is boosting the growth of the corrugated packaging sector. The containerboard is used to make cardboard packaging for pharmaceuticals, food, chemicals, and other goods. The most profitable industry is predicted to be food & beverage. The food and beverage industry requires corrugated boxes manufactured of containerboards for shipping and storage.
Global Waste Recyclers Ltd, Heinzel Holding GmbH, International Paper, Sonoco Products Company, American Chung Nam, Perlen Papier AG, and ST PAPER RESOURCES PTE LTD are among the leading companies in the Europe recycled paper market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
The market for recycled paper market is segmented into type, and application. Based on type, the Europe recycled paper market is segmented into pre-consumer waste, and post-consumer waste. Based on application, the recycled paper market is segmented into writing and printing paper, containerboard, newsprint paper, tissue, and others. Geographically, the recycled paper market is segmented into Europe (Germany, UK, France, Italy, Russia, Rest of Europe).
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