Middle East and Africa Recycled Paper Market Share, Revenue, Trends, Demand, Key Players, Growth Drivers, Challenges and Business Opportunities Till 2033: SPER Market Research
Recycled paper is a sustainable alternative to regular paper made from virgin wood pulp. In order to create it, used paper products such as cardboard, magazines, newspapers, and office paper are collected, processed, and eventually broken down into fibers to create new paper. This strategy lowers the detrimental effects of paper manufacturing on the environment and helps to preserve forests by reducing the requirement for virgin wood pulp. Because it requires less energy and water to make than conventional paper, recycled paper has a lower carbon impact.
According to SPER market research, ‘Middle East and Africa Recycled Paper Market Size- By Type, By Application – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Middle East and Africa Recycled Paper Market is predicted to reach USD 715.61 million by 2033 with a CAGR of 2.39%.
Drivers:
The market is growing due to a number of different growth drivers. The need for recycled paper has increased due to its use as a packaging material in many industries, such as the food and beverage and pharmaceutical sectors.
Environmental concerns are becoming more and more prevalent, and paper—especially recycled paper—is being preferred as a packing medium over non-biodegradable plastic.
As environmental concerns develop, there is an increasing trend toward using recycled or already-circulating paper instead of new, as the removal of trees is becoming less and less popular.
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Challenges:
In the Middle East and Africa, recycling paper has many major challenges. The lack of funding and infrastructure for recycling facilities is one of the main issues. This is the reason why many of these nations struggle to establish effective paper product recycling systems since waste management systems are underfunded. Low rates of participation in recycling programs can also be attributed to inadequate public education and knowledge of the need of recycling. Because of insufficient transportation networks and unofficial garbage collecting techniques, it can be challenging to sort and collect recyclables, including paper.
The Middle East and Africa’s recycled paper sector has suffered greatly as a result of the COVID-19 outbreak. The recycling sector in these areas has experienced operating difficulties, dwindling demand, and supply chain disruptions similar to many other businesses. Lockdowns and travel restrictions put in place to stem the virus’s spread have resulted in a decrease in the amount of recyclable paper waste created. A decrease in commercial activity, such as that of workplaces, educational institutions, and businesses, is part of this. The epidemic’s effects on the economy have also reduced investment in recycling infrastructure and technology, which has impeded the industry’s growth.
Additionally, Some of the market key players are Global Waste Recyclers Ltd, Heinzel Holding GmbH, International Paper, Sonoco Products Company, WASCO.
Middle East and Africa Recycled Paper Market Segmentation:
By Type: Based on the Type, Middle East and Africa Recycled Paper Market is segmented as; Pre-consumer Waste, Post-consumer Waste.
By Application: Based on the Application, Middle East and Africa Recycled Paper Market is segmented as; Writing and Printing Paper, Containerboard, Newsprint paper, Tissue, Others.
By Region: This research also includes data for Saudi Arabia, U.A.E, Israel, South Africa, Egypt, Rest of Middle East and Africa.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
For More Information, refer to below link:-
Middle East and Africa Recycled Paper Market Outlook
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