The report of the Market Research Report Store shows that the Waste Paper Recycling industry is expected to reach 49.9 billion US$ by the year 2023 form 41.7 billion US$ of the year 2017. The analysis provides forecast from 2019 to 2025 which provide a complete overview of the market thus giving an edge over competitors.
In the process of waste paper recycling, the paper is mixed with water and chemical to break down. After the breaking of the paper, the resulted mixture is then chopped up and heated so that it can be turned into pulp or slurry. The mixture is then passed through the screen which removes the plastic and glue present in the mixture. Then the mixture is cleaned form ink, bleached mixed with water to make new paper from it.
The major manufacturers in the global industry Waste Paper Recycling are also included in the report along with their complete business policy. The market of Waste Paper Recycling is segmented into five different types which include Newspapers, White Office Paper, Corrugated Cardboard, Mixed Paper, and Magazines. The market is also segmented on the basis of end-users and application.
The Asia Pacific is the largest consumer of waste paper recycling and it is expected to keep that position in the upcoming years. The Asia Pacific had a market share of 55% in the year 2017 and China was the largest consumer. The market is scattered and major manufacturers from different regions are dominating the market.
The growing demand for paper is increasing the need for Waste Paper Recycling which is driving the market. The downstream industries of the industry are also taken into consideration to provide a complete overview. In the development of emerging countries has fueled the demand for waste paper recycling market.