The waste paper management market has been growing in accordance with changing consumer lifestyles and increasing urbanization. Factors such as growing population and increasing income levels of people have generated new opportunities for the waste management market after the economic downturn between 2008 and 2010.
The report “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”
New technologies have been developed globally, which help in bringing down the amount of waste. The awareness about waste management has increased significantly with the progress in consumer education and increased awareness about health & environment.
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Key players analyzed in this research are @ Veolia Environnement S.A. (France), International Paper Company (U.S.), Waste Management, Inc. (U.S.), UPM-Kymmene OYJ (Finland), and WestRock Company (U.S.), Republic Services Inc. (U.S.), Mondi Group (South Africa), Georgia-Pacific LLC (U.S.), Sappi Ltd. (South Africa), and DS Smith Plc. (U.K.)
Concerns about the environment have compelled governments to impose stringent regulations to minimize the impact of waste and its harmful by-products on the environment. Strict laws have been enforced by governments for the management of waste paper to reduce the rate of deforestation globally. Regulatory bodies in the U.S. and European countries impose fines for non-compliance with standards and Acts.
The various waste paper generating sectors include commercial & institutional, industrial, residential, and others. The segmentation based on recovered products of waste paper recycling consists of container board, other paper & paperboard, newsprint, tissue, and pulp substitutes. The final segment, region, comprises the four main regions, namely, North America, Europe, Asia-Pacific, and Rest of the World (RoW).
The waste paper management market is primarily driven by socio-economic factors such as public awareness and population trends. Laws and regulations enforced by governments is another major factor that compels paper & paper product manufacturers to manage and recycle waste papers. The key players of the waste paper management market prefer agreements, expansions & investments, and mergers & acquisitions to gain a larger share in the market. Leading waste management service providers are focusing on emerging countries that are estimated to show potential for industrial development in the near future.
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