North America Recycled Paper Market

Market Introduction

The demand for recycled paper market is growing on account of increasing urbanization and surge in literacy rates in developing countries, which create huge demand for paper products such as writing and printing paper, containerboard, newsprint paper, tissue. The container board segment is dominating the market due to the increasing demand from various industries such as food & beverage, pharmaceutical, and cosmetics.

Moreover, the increasing use of powder metallurgy in the automotive industry are expected to bolster the market growth during the forecast period. However, fluctuations in the raw material prices limit the growth of the North America recycled paper market.

North America is one of the worst affected economies due to the COVID-19 pandemic. The US has the highest number of confirmed cases of COVID-19, compared to Canada and Mexico. The unprecedented rise in number of COVID-19 cases across the US and Canada and the subsequent lockdown of numerous manufacturing facilities in the countries have negatively influenced the growth of various markets. The significant disruption in manufacturing, along with raw material sourcing, has had a negative impact on the demand for recycled paper market in the region. The market for recycled paper has been impacted in the region due to distortion in supply of raw materials with limited operational efficiencies. However, the market is reviving on account of the measures taken by the government such as vaccination drives. With the state of economic recovery, several industrial sectors are strategically planning to invest in advanced products to maximize revenue. This is expected to provide impetus for the market growth.

Market Overview and Dynamics

The North America recycled paper market is expected to reach US$ 6,367.8 million by 2028 from US$ 4,974.9 million in 2021. The market is estimated to grow at a CAGR of 3.6% from 2021–2028. Paper recycling is a capital-intensive and well-established segment of the recycling industry. It is a useful extension of services for the companies that are recycling materials. However, at the entrepreneurial level, there are opportunities available in the provision of services such as transportation, collection, and sorting of waste paper. Lately, recyclers were likely to remove only a specific recyclable material from a consumer, such as pallets or scrap metal, but the service-oriented recyclers are gradually offering to extract other recyclable materials at the same time. Old corrugated cardboard (OCC) is more frequently collected as part of dock sweep programs, where the recyclers take away a range of recyclable products from a location at the same time, on the same truck. Such programs are inclining the customers in terms of helping them to eliminate materials on a timely basis rather than having to wait to accumulate a full load of single material. In addition, an activity associated with paper recycling is paper shredding. An investment in the US$ 30,000–60,000 range is required to purchase a truck and shredding machine combination.

Key Market Segments

In terms of type, the pre-consumer waste segment accounted for the largest share of the North America recycled paper market in 2020. In terms of application, the containerboard segment accounted for the largest share of the North America recycled paper market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the recycled paper market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Cascades Recovery+, Global Waste Recyclers Ltd, Hanna Paper, Heinzel Holding GmbH, International Paper, Republic Services, Inc., Sonoco Products Company, American Chung Nam, Waste Management.

Reasons to Buy Report

• To understand the North America recycled paper market landscape and identify market segments that are likely to guarantee a strong return
• To comprehend the ever-changing market landscape and stay ahead in competition
• To efficiently plan merger and acquisition, and partnership deals in the North America recycled paper market by identifying segments with the most promising probable sales
• To make knowledgeable business decisions from perceptive and comprehensive analysis of the market performance of various segments
• To obtain market revenue forecast of the North America recycled paper market based on various segments for the period 2021–2028

NORTH AMERICA RECYCLED PAPER MARKET SEGMENTATION

By Type

• Pre-consumer Waste
• Post-consumer Waste

By Application

•  Writing and Printing Paper
• Containerboard
• Newsprint Paper
• Tissue
• Others

By Country

• North America
• US
• Canada
• Mexico

Companies Mentioned

• Cascades Recovery+     
• Global Waste Recyclers Ltd        
• Hanna Paper    
• Heinzel Holding GmbH                 
• Republic Services, Inc.                  
• International Paper       
• Sonoco Products Company        
• American Chung Nam                  
• Waste Management

North America Recycled Paper Strategic Insights

Strategic insights for the North America Recycled Paper provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America Recycled Paper Report Scope

North America Recycled Paper Regional Insights

The geographic scope of the North America Recycled Paper refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.