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.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the recycled paper market. The Europe recycled paper market is expected to grow at a good CAGR during the forecast period.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 7,400.5 Million |
| Market Size by 2028 | US$ 9,356.8 Million |
| CAGR (2021 - 2028) | 3.4% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Recycled Paper Market is valued at US$ 7,400.5 Million in 2021, it is projected to reach US$ 9,356.8 Million by 2028.
As per our report Europe Recycled Paper Market, the market size is valued at US$ 7,400.5 Million in 2021, projecting it to reach US$ 9,356.8 Million by 2028. This translates to a CAGR of approximately 3.4% during the forecast period.
The Europe Recycled Paper Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Recycled Paper Market report:
The Europe Recycled Paper Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Recycled Paper Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Recycled Paper Market value chain can benefit from the information contained in a comprehensive market report.
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