Wastepaper Management Market | Top Trends and Forecast For The Next Five Years

Wastepaper Management Market

Wastepaper management is the methods that are adopted to deal with paper, cardboard, and other paper products that are discarded after use. It includes several steps, such as managing the collection, storage, transfer, processing, and disposal of wastepaper. As per the latest market research report published by Technavio, the global waste paper management market size will grow by USD 6.23 billion. This market report provides a detailed analysis of the market by service (recycling, landfill, and incineration) and geography (APAC, Europe, North America, and ROW). Get the free sample report below for the detailed information.

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The recycling of wastepaper leads to a reduction in the number of trees that are cut down to produce products such as paper and cardboard. The emphasis on developing a circular economy is rising globally due to the environmental benefits of recycling wastepaper. The products are used, then recycled, and again re-used in a circular economy, leading to a low generation of waste. 

Several countries have adopted the circular economy approach, including the member states of the EU, which has set very stringent recycling targets for various types of waste to reduce the stress on the environmental ecosystem.

In 2018, the European Council adopted stringent recycling targets, which included a 75% recycling rate for paper and cardboard-based packaging materials by 2025. Thus, the shift toward a circular economy will impact the growth of the global wastepaper management market at a CAGR of 3.65% during the forecast period. To know the complete and in-depth analysis and forecast of this market get the complete report by clicking the link below.

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