By P&PC Staff
By P&PC Staff
July 31, 2018 – North America’s wood, paper and paperboard recycling market is predicted to cross USD 4.4 billion by 2025, increasing at a CAGR of over 4.2 per cent, according to a new research report by Global Market Insights, Inc.
Regional growth is influenced by government initiatives towards sustainable practices. The Asia-Pacific wood, paper and paperboard recycling market has the lion’s share of the global market over the entire forecast period and is expected to pass USD 15.8 billion by 2025.
Increasing demand for wood panels will call for more wood recycling practices over the projected timespan. Moreover, increasing demand for waste wood for energy generation in end-user industries such as ceramic brick manufacturing will also improve the demand for recycled wood over the coming years.
The study shows that rising environmental concerns will significantly impact the paper and paperboard recycling market in the next years. Additionally, decreasing resources for the manufacture of new paper is a factor contributing to the increased need for paper and paperboard recycling. High costs involved in paper recycling, coupled with lack of waste collection facilities in developing nations, will also significantly affect the increase of the wood, paper and paperboard recycling market until the end of 2025.
The global wood, paper and paperboard recycling market is expected to surpass USD 29 billion by 2025.
Read the full report here.