Wood, paper & paperboard recycling market growth to be driven by rising demand for recycled products
Date: 2018-08-07   Author: Sunil Hebbalkar  Category: #market

Wood, paper & paperboard recycling market growth to be driven by rising demand for recycled products

Shifting focus of end-users toward the adoption of recycling facilities will reportedly drive wood, paper & paperboard market over 2018-2025. Increasing demand for printed newspapers and magazines is likely to push industry size over the years ahead.

Five trends prevailing wood, paper & paperboard recycling market:

  • In 2017, grade B wood contributed a revenue of USD 1,200 million to wood recycling industry, and is estimated to register a considerable growth rate over the years ahead. The rising demand for material-coated wood from manufacturing companies will favorably augment the industry growth.
  • As per estimates, in 2017, newspaper and magazines held a major share of paper & paperboard recycling market with a revenue contribution of USD 9,300 million. The growing requirement of printed newspaper and magazines across the developed and developing economies will reportedly impel the product demand.
  • Reports claim paper and paperboard recycling market size from newsprint application to have accrued USD 3,600 million in 2017. Increasing requirement of magazines and printed papers will further push paper & paperboard recycling industry size.
  • In 2017, APAC held a major share of wood, paper & paperboard recycling industry, specifically driven by the contribution of the emerging economies such as China and India, and is estimated to garner commendable returns ahead.
  • North America wood, paper & paperboard recycling market is projected to generate a revenue of USD 4.4 billion by the end of 2025. The surging adoption of paper and paperboard recycling across this region is poised to improve the adoption of recycling over the years ahead.

The competitive spectrum of wood, paper & paperboard recycling industry is seemingly quite diverse, inclusive of big shots such as Carolina Fibre Corporation, Global Waste Recyclers Ltd., American Paper Recycling Corp., Huron Paper Stock, Hadfield Wood Recyclers, Evergreen Paper Recycling, and Hanna Paper Recycling.

About Author

Sunil Hebbalkar

Sunil Hebbalkar

Sunil currently works as an content writer at AlgosOnline. A Post graduate mechanical design engineer by qualification, he worked as an intern at the defense lab for one year in the engine design and development department before switching his professional genre. Foll...

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