The annual gap in global recycled paper supply is expected to reach 1.5 million tons
Global Recycled Materials Market. Recycling rates for both paper and cardboard are very high worldwide With the rapid development of manufacturing in China and other countries, the proportion of recycled paper packaging is the largest at about 65% of all recycled packaging except for a few pairs of glass Packaging has a soft spot outside the country. The market demand for paper packaging will further increase. It is predicted that the recycled paper packaging market will maintain a compound annual growth rate of 5% in the next few years, and will reach a scale of 1.39 billion US dollars. Candle box
The United States and Canada lead the world Since 1990, the amount of paper and cardboard recycled in the United States and Canada has increased by 81% and reached 70% and 80% recycling rates respectively. European countries have an average paper recycling rate of 75% and countries like Belgium and Australia can even reach 90% in the UK and many other Western European countries. This is mainly due to the lack of adequate recycling facilities resulting in a paper recycling rate of 80% in Eastern Europe and other countries that are relatively backward. Candle jar
Recycled paper accounts for 37% of the total pulp supply in the United States, and the demand for pulp in developing countries has been increasing year after year. It directly led to the growth of market demand for paper packaging. Since 2008, the growth rate of per capita paper consumption in China, India and other Asian countries is the fastest. The development of China’s transportation packaging industry and the increasing consumption scale. China’s paper packaging demand has always maintained a growth rate of 6.5%, which is much higher than other regions in the world. With the growth of market demand for paper packaging, the market demand for recycled paper is also rising. Jewelry box
Containerboard packaging is the largest field in recycled paper packaging. About 30% of recycled paper and paperboard in the U.S. is used to produce linerboard, which is commonly used in corrugated packaging. A large portion of recycled paper packaging in the United States is exported to China. The amount of recycled paper exported by the United States to China and other countries reached 42% of the total recycled paper that year, while the rest was made into products such as folding cartons. Take 2011 as an example. Watch box
There will be a huge supply gap in the future market
It is predicted that the global annual supply gap of recycled paper will reach 1.5 million tons. Therefore, paper companies will invest in building more paper packaging companies in developing countries to meet the growing local market demand. Mailer box
in the future. And actively promote paper recycling projects including closed loop systems in some regions. With the development of recycling technology for coated paper packaging and corrugated paper packaging, paper packaging will become an ideal substitute for polystyrene packaging. Many packaging giants are now turning their attention to paper packaging. For example, Starbucks now only uses paper cups. The size of the recycled paper market will expand again. And this is bound to promote a substantial reduction in paper recycling costs and an increase in market demand for recycled paper. Paper bag
The fastest growing food market The food market is the fastest growing area of recycled paper. Although its proportion in the entire recycled paper market is still very small. The market demand for recycled paper will keep growing at a faster rate. Under the pressure of government departments and various environmental protection organizations, the growth rate is astonishing. With the recovery of the economy, the development of the food market and the enhancement of consumers’ awareness of environmental protection. Various companies will also invest more enthusiasm in paper packaging. Wig box
Post time: Feb-09-2023