The global recovered paper market is being dominated by the Asia Pacific region, with China and India being the major markets. The United States and Europe are the leading exporters of the product. Due to a shortage in imports of paper, the rates of paper recycling are expected to rise. The Asia Pacific region and Europe have the largest consumer markets for recycled paper due to the healthy container board production within the regions. About 95% of the container boards produced in the Asia Pacific region are made from RCP, whereas 82% of the container boards are made using RCP in Europe. For boxboard, more than 65% of the recycling process takes place in the Asia Pacific region. With the existence of a healthy market base and demand in the Asia Pacific, major players in the market like Waste Management, Inc (NYSE: WM) have invested heavily into this region.
The recovered paper market is an important market as these can be helpful in treating oil spills in oceans and rivers. It is helpful in saving the lives of marine animals through the conversion of green cellulose aerogels. These aerogels help in absorbing oil up to 90% due to their dry weight and also help in recovering entire content of the crude oil.
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The major players included in the global recovered paper market are Waste Management, Inc., Smurfit Kappa Group, DS Smith, Veolia Group, Republic Services, Inc., WestRock Company, Sonoco Recycling, Cascades Inc, and SUEZ, among others. This comprehensive report by EMR covers the market share, capacity, and latest developments like mergers, acquisitions, plant turnarounds, and capacity expansions of the major players.
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