According to a new report*), published by the Indian-based company MarketsandMarkets, the worldwide waste paper management market has been growing proportionally with the increasing environmental concerns among people and enforcement of stringent environmental laws and regulations.
The paper industry has been dominated by North America for more than a century now. As reported, North America is still the largest producer as well as consumer of paper and paper products with a yearly per capita consumption of 487 pounds (about 221 kilograms) of paper. “This region also enjoys significant availability of fiber resources, which enables it to hold the highest position in the global export of pulp and waste paper,” MarketsandMarkets writes. “The U.S. ranks first in pulp and paper manufacture and exports, globally, followed by Canada.” According to the market research firm, the global waste paper management market is projected to be valued at around 43.35 billion US-Dollar by 2020 and to grow at a Compound Annual Growth Rate (CAGR) of 2.55 percent from 2015 to 2020. The commercial sector as a source of waste paper is projected to grow at the highest CAGR from 2015 to 2020.
*) „Waste Paper Management Market by Service & Equipment (Collection & Transportation, Recycling, Incineration, Disposal), Recovery (Containerboard, Newsprint, Tissue), Source (Commercial, Industrial, Residential), Paper Grade – Global Forecast to 2020“
Photo: O. Kürth