The value of the global recycled paper market is expected to grow from US$ 32.6 billion (EUR 28.7 billion) in 2021 to US$ 42.4 billion by 2028. This represents a compound annual growth rate of 3.8% during the period, according to recent analysis from Reportlinker.
‘Stringent governmental regulations for waste management and the favourable environmental impact of recycled paper are the key factors driving the recycled paper market,’ says a report published in late 2021. ‘The containerboard segment is anticipated to grow with more than 100 million tonnes produced each year. The growth of the writing and printing paper segment is attributed to wide applications across offices, homes, schools, and government agencies.’
Reportlinker says growth in the recycled paper market will be greatest in Asia Pacific with China the largest consumer of recycled paper owing to huge demand from its food processing industry. Asia Pacific countries are expected to drive the recycled paper market over the forecast period.