Report : Middle East and Africa 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 Middle East & Africa Recycled Paper Market during 2021–2028
According to our latest study on “Middle East & Africa Recycled Paper Market Forecast to 2028 – COVID-19 Impact and Analysis – by Type, and Application,” the market is projected to reach US$ 635.9 million by 2028 from US$ 550.2 million in 2021; it is expected to grow at a CAGR of 2.1% 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 the Middle East and Africa region, South Africa and Israel are among the major countries with high number of COVID-19 confirmed cases and deaths. According to the International Finance Corporation, the COVID-19 pandemic has a severe impact on the economy of the Middle East & Africa which has led to a decline in oil production, tourism, and remittances. The Middle East and Africa region comprises many growing economies, which are prospective markets for recycled paper vendors. The pandemic has significantly slowed down the growth of recycled paper market in the region due to the negative impact on the growth of industries such as writing and printing paper, containerboard, newsprint paper, and others.
Based on application, the Middle East & Africa 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, and WASCO are among the leading companies in the Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa (UAE, Saudi Arabia, South Africa, Rest of Middle East & Africa).
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