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Wood, Paper & Paperboard Recycling Market for wood panels is anticipated to surpass $1.5 Billion till 2025

Author : Rahul Varpe | Published Date : 2019-05-06 

Global Market Insights provides a detailed overview of Wood Recycling market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of Wood Recycling market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Wood, paper & paperboard recycling market has gained quite some popularity of late, driven by the increasing awareness among the regulatory bodies about the environmental and sustainability benefits of waste material disposal. As recycling leads to the conservation natural resources, energy savings, and minimization of landfills, most of the countries and industry behemoths have started focusing on the deployment of policies in favor of recycling of wood and paperboards.

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Recycling process of one ton of paper and paperboard could save 17 trees, approximately 7,000 gallons of water, about 3 cubic yards of space for landfill, and nearly 4,000 kilowatts of energy. The implementation of regulatory norms across myriad geographies regarding paper and wood recycling will thus have a positive influence on wood, paper & paperboard recycling market outlook.

Growing wood panels demand will primarily accelerate the wood recycling demand over the entire projected time. Additionally, rising waste wood demand for the generation of energy in brick, ceramic manufacturing, etc. also enhance the wood recycling market growth till 2025. Increasing concerns regarding environment, will positively enhance the global paper & paperboard recycling market over the coming years. Moreover, decreasing resources such as paper pulp for new paper manufacturing is another factor creating further paper & paperboard recycling market growth.

The United States Environmental Protection Agency has reportedly mandated the use of recycled paper much prior to the initiatives taken by EU. Post the implementation of regulatory norms related to recycled paper, in 2015, nearly 45.3 million tons of used paper and paperboard were recycled across U.S. at a rate of 68.6%. The U.S. has thus been a major revenue pocket for North America wood, paper and paperboard recycling industry which generated a revenue of USD 3 billion in 2017. In addition, the surging prevalence of modern recycling technology trends across U.S. will have positive influence on North America wood, paper & paperboard recycling market outlook.

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Many of the European and North American countries have successfully implemented recycling technologies to enhance the economic growth as well as environmental scenario across the region. In the years to come, the dedication of end-users and governments toward enhancing the sustainability and recyclability of wood and paper products is poised to push wood, paper and paperboard recycling market share. For the record, by the end of 2025, wood, paper and paperboard recycling industry will surpass revenue collection of USD 29 billion.

High paper recycling costs, along with a lack of proper waste wood, waste paper collection and sorting services in growing countries will affect the growth of wood, paper & paperboard recycling market by end of 2025.

Grade B waste wood will surpass USD 1.7 billion, till 2025, at 4.1% CAGR. Mixed grade paper & paperboard recycling market would cross USD 2.2 billion till 2025, growing at 4.3% CAGR.

Wood recycling market for wood panels might surpass USD 1.5 billion till 2025, increasing at a CAGR of 4.2%. Paper & paperboard recycling market for newsprint would cross USD 4.9 billion till 2025, growing at a CAGR more than 3.9%.

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Significant stakeholders in the global wood, paper & paperboard recycling market include:

  • Global Waste Recyclers Ltd
  • American Paper Recycling Corp.
  • Evergreen Paper Recycling
  • National Paper Recycling Huron Paper Stock

 

Related News: https://www.marketwatch.com/press-release/flooring-market-growth-factors-and-future-scenario-over-2019-2024-2019-05-01

 

 

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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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