October 30, 2015
As per a report, the global Waste Paper Management Market is projected to be valued at around USD 43.35 Billion by 2020, and to grow at a CAGR of 2.55 percent from 2015 to 2020. The market report defines and segments the Waste Paper Management Market, along with analyses and projections of the market size. It also identifies the driving and restraining factors in the Waste Paper Management Market with the analysis of trends and opportunities.
Recovered products of waste paper recycling include container boards, paper & paperboard, newsprint, tissue, and pulp substitute. Increasing population, strict regulations imposed by local governments for waste management practices, increasing consumer awareness, and increasing awareness about environmental safety are the main drivers of the Waste Paper Management Market.
The Waste Paper Management Market is expected to witness significant growth in the future with the increasing popularity of sustainable waste management practices. The market is also projected to experience growing demand in the industrial as well as commercial sectors.
Developing markets such as China, Brazil, and India are emerging as growth economies for Waste Paper Management Market. Growing economies, increasing population, and the resultant disposable income of people are acting as the main drivers for increased opportunities in these countries.
The presence of better waste treatment facilities has been a factor in contributing to the rising demand of waste paper management services in the mature regions of Europe and North America. The growing interest of consumers regarding environmental safety is also a key driver of Waste Paper Management Market.