Recovered Paper Market Size & Share | Global Industry Report for 2032
Recovered paper is the term used to describe waste paper from commercial and home sources. You can reuse paper that has been rescued from landfills to create new papers and boards. Instead of dumping it in a landfill or burning it, paper can be recycled to recover energy. Recycling paper waste is used to make recyclable paper goods. A couple of these include cardboard production and packing.
Recycled paper is utilised extensively in the packaging business, making it susceptible to changes in the economy because of the variety of uses it has. According to estimates, the fall in the manufacturing of intermediate products for the automotive and aerospace industries has resulted in a reduction in packaging production of up to 17 percent.
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The German paper sector has greatly lessened its environmental impact by using recycled paper. Due to a lack of recovered paper and considerable demand in the beginning of the recovery, waste paper prices increased significantly. The manufacture of paper and its subsequent use for recycling forms a significant portion of the European economy.
Between 2020 and 2021, CEPI, a manufacturer of pulp and paper, saw an increase in revenue of €13 billion. In Europe, 90,6 million tonnes of paper and board were produced last year, utilising 90% of the available capacity. Additionally, the industry has seen improvement in the first half of 2022 as major firms appear to have recovered from COVID. Cardboard and corrugated board as a result
Recycled paper is a major source of raw materials for the European paper and board sector. In Europe, recycled fibres are used in the creation of more than 50% of all paper and board. The European economy is currently being impacted by the civil war in Ukraine, excessive prices, and a lack of transportation capacity. The paper sector is currently experiencing a crisis due to a sharp decline in overall consumption and a tripling of energy prices.
Most recovered paper grades in North America saw price increases in March as a result of mills switching to other grades to fulfil orders, further tightening the market, as domestic and export mill demand outpaced supplies. Overall, US recovered fibre prices jumped from February to March of last year and were significantly higher than prior levels.
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Although the pandemic market had some adverse effects on the recovered paper industry, experts believe that the market has not yet reached its bottom as a result of the effects of the pandemic. In recent months, old corrugated cardboard (OCC) prices have dropped 80-90%, according to the Division President at the Bureau of International Recycling (BIR) World Recycling Convention in Dubai.
Paper has established itself as one of the indispensable materials in the packaging industry. The global push for sustainable packaging has led to a rise in demand for packaging products made of recycled paper. Used paper collected for recycling is termed ‘recovered paper’.
The same is used to manufacture products such as containerboard, corrugated boxes, cartons and others. Recovered paper is expected to witness a considerable rise in demand during the next ten years, due to increased adoption and demand for recycled packaging products in the last decade.
Global recovered paper market: Segmentation
The global recovered paper market is segmented into product type, paper type and by end use.
On the basis of product type, recovered paper market is segmented into:
Printing paper
Corrugated container
Cartons
Boxes
On the basis of paper grade, recovered paper market is segmented into:
Low grade paper
High grade paper
White paper
Brown paper
On the basis of end use, recovered paper market is segmented into:
Food & beverage industry
Electrical and electronics industry
Automobile industry
Pharmaceuticals industry
Others
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