Stringent laws implemented by governments across the world to protect the environment are compelling paper and paper product manufacturers to opt for waste paper management, states a new report by Transparency Market Research (TMR). The report is titled, “Waste Paper Management Services & Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2026.” According to the report, the market is estimated to expand at a single-digit CAGR over the forecast period. It segments the market on the basis of service, equipment, waste paper source, paper type, recycled paper product type, and geography.
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The first section of the report contains the report description, market segmentation, and research methodology. The executive summary follows next. The study then introduces waste paper management services and equipment and also includes the significance and types of the same. The next section discusses the overview of the market, comprising the drivers, restraints, opportunities, and market attractiveness analysis. The last section deals with the competitive landscape and covers key companies operating in the waste paper management services and equipment market.
The demand for paper and paper products is increasing globally and this has resulted in deforestation, posing a grave threat to the environment. Paper and paper product manufacturers are thus, employing waste paper management services, driving the waste paper management services and equipment market. Strict environmental rules are also helping in the reduction of deforestation and promoting paper recycling. Moreover, the rising awareness among urban consumers about waste paper management is likely to drive the growth of the market. The literacy rate has grown tremendously over the past few years owing to the development of the education sector. This in turn is generating large quantities of waste paper, which needs to be recycled.
The key challenging factor that hampers the growth of the market is the difficulty in acquiring waste paper from domestic source. Another factor that restricts the growth of the global waste paper management services and equipment market is the loss of fiber value due to reuse. However, the availability of cutting-edge equipment and technology for waste paper recycling in the near future will emerge as an opportunity for growth in the market.
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On the basis of geography, the market is segmented into Latin America, the Middle East and Africa, North America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), and Japan. Of these, APEJ at present holds a significant share of the waste paper management services and equipment market. Key players profiled in the report are Veolia Environment S.A., DS Smith, Sappi, Allied Waste Industries Inc., Cascades Recovery Inc., Westrock Company, and International Paper Company.
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