Market Introduction
The demand for recycled paper market is growing on account of increasing urbanization and surge in literacy rates in developing countries, which create huge demand for paper products such as writing and printing paper, containerboard, newsprint paper, tissue. The container board segment is dominating the market due to the increasing demand from various industries such as food & beverage, pharmaceutical, and cosmetics.
Moreover, the increasing use of powder metallurgy in the automotive industry are expected to bolster the market growth during the forecast period. However, fluctuations in the raw material prices limit the growth of the North America recycled paper market.
North America is one of the worst affected economies due to the COVID-19 pandemic. The US has the highest number of confirmed cases of COVID-19, compared to Canada and Mexico. The unprecedented rise in number of COVID-19 cases across the US and Canada and the subsequent lockdown of numerous manufacturing facilities in the countries have negatively influenced the growth of various markets. The significant disruption in manufacturing, along with raw material sourcing, has had a negative impact on the demand for recycled paper market in the region. The market for recycled paper has been impacted in the region due to distortion in supply of raw materials with limited operational efficiencies. However, the market is reviving on account of the measures taken by the government such as vaccination drives. With the state of economic recovery, several industrial sectors are strategically planning to invest in advanced products to maximize revenue. This is expected to provide impetus for the market growth.
Market Overview and Dynamics
The North America recycled paper market is expected to reach US$ 6,367.8 million by 2028 from US$ 4,974.9 million in 2021. The market is estimated to grow at a CAGR of 3.6% from 2021–2028. Paper recycling is a capital-intensive and well-established segment of the recycling industry. It is a useful extension of services for the companies that are recycling materials. However, at the entrepreneurial level, there are opportunities available in the provision of services such as transportation, collection, and sorting of waste paper. Lately, recyclers were likely to remove only a specific recyclable material from a consumer, such as pallets or scrap metal, but the service-oriented recyclers are gradually offering to extract other recyclable materials at the same time. Old corrugated cardboard (OCC) is more frequently collected as part of dock sweep programs, where the recyclers take away a range of recyclable products from a location at the same time, on the same truck. Such programs are inclining the customers in terms of helping them to eliminate materials on a timely basis rather than having to wait to accumulate a full load of single material. In addition, an activity associated with paper recycling is paper shredding. An investment in the US$ 30,000–60,000 range is required to purchase a truck and shredding machine combination.
Key Market Segments
In terms of type, the pre-consumer waste segment accounted for the largest share of the North America recycled paper market in 2020. In terms of application, the containerboard segment accounted for the largest share of the North America recycled paper market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the recycled paper market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Cascades Recovery+, Global Waste Recyclers Ltd, Hanna Paper, Heinzel Holding GmbH, International Paper, Republic Services, Inc., Sonoco Products Company, American Chung Nam, Waste Management.
Reasons to Buy Report
NORTH AMERICA RECYCLED PAPER MARKET SEGMENTATION
By Type
By Application
By Country
Companies Mentioned
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 4,974.9 Million |
| Market Size by 2028 | US$ 6,367.8 Million |
| CAGR (2021 - 2028) | 3.6% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Recycled Paper Market is valued at US$ 4,974.9 Million in 2021, it is projected to reach US$ 6,367.8 Million by 2028.
As per our report North America Recycled Paper Market, the market size is valued at US$ 4,974.9 Million in 2021, projecting it to reach US$ 6,367.8 Million by 2028. This translates to a CAGR of approximately 3.6% during the forecast period.
The North America 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 North America Recycled Paper Market report:
The North America Recycled Paper Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Recycled Paper Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Recycled Paper Market value chain can benefit from the information contained in a comprehensive market report.
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