Report : South and Central America 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 South & Central America Recycled Paper Market during 2021–2028
According to our latest study on “South & Central America Recycled Paper Market Forecast to 2028 – COVID-19 Impact and Analysis – by Type, and Application,” the market is projected to reach US$ 4,583.0 million by 2028 from US$ 3,353.5 million in 2021; it is expected to grow at a CAGR of 4.6% 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.
Brazil has been ranked to be the third-most affected economy due to COVID-19 pandemic globally. In South and Central America, Brazil has the highest number of COVID-19 cases, followed by Argentina, Colombia, Peru, Chile, among others. The governments in South and Central America have taken an array of actions to protect their citizens and combat the spread of COVID-19 virus through lockdowns, trade bans, and travel restrictions. This may have a direct impact upon the growth of the recycled paper market.
Based on application, the South & Central America 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, and Sonoco Products Company are among the leading companies in the South & Central America 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 South & Central America 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 South & Central America (Brazil, Argentina, Rest of South & Central America).
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