Press Release
Press Release
As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
According to a new report by EMR titled, ‘Global Recovered Paper Market Report and Forecast 2020-2024’, the global recovered paper market reached a volume of around 257.3 million metric tons in 2020. It is further expected to grow at a CAGR of 2.5% between 2021 and 2026 to reach a volume of 298.4 million metric tons by 2026.
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.
Market Breakup by Application and Region:
Key Findings of the Report:
Key Offerings of the Report:
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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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
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