Wood, Paper, & Paperboard Recycling Market to witness a steady growth over the forecast timeframe
Category: #business  By Rahul Sankrityayan  Date: 2020-02-03
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Wood, Paper, & Paperboard Recycling Market to witness a steady growth over the forecast timeframe

The efforts put into effect by the industry giants, regulatory bodies, and regional governments have proved to be rather lucrative for the overall wood, paper, & paperboard recycling market. 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.

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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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.

For the record, 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 and paperboard recycling industry outlook.

It is to be noted that the contribution of regulatory organizations toward environmental safety and protection has indeed been immense, the direct impact of which has been registered across wood, paper & paperboard recycling industry. The paragraphs below outline some of these initiatives that have influenced this business sphere in more ways than one.

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In accordance with the established regulatory norms, most of the industries across Europe have started to put in efforts into improving the sustainability properties of their paper-based products. The research community has contributed its bit, constantly conducting R&D activities and helping toward setting up modern recyclable paper testing facilities to aid industry giants implement recycling programs effectively.

Validating the aforementioned fact, the International Association of the Deinking Industry (INGEDE) had organized a research program a few years earlier at the Germany-based Darmstadt Technical University for developing a technology to carry out quality inspection of paper before recycling. The program mainly focused on the development of technology which could help industries recognize the print products that are difficult to deink before officially being dispatched for the recycling process. Such eco paper loop methodologies have significantly helped players in paper and paperboard recycling industry to enhance quality of recycled paper and undoubtedly the economy of the country.

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Meanwhile, the efforts put into effect by the industry giants, regulatory bodies, and regional governments have proved to be rather lucrative for the overall wood, paper, & paperboard recycling market. 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.

 

 

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About Author

Rahul Sankrityayan

Rahul Sankrityayan    

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Technology Magazine, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experie...

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