According to the most recent Fact.MR data, the demand for recovery paper machines increased in 2021. The pandemic crisis intensified sales declines, forcing factories to close and projects to halt during the COVID-19 pandemic crisis.
Prospects for the industry are expected to improve in 2021, as pandemic intensity is likely to ease. In this report, Fact.MR- a leading market research and competitive intelligence provider- reveals data on global recovery paper sales between 2016 and 2020 as well as forecasts for 2021-2031.
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New Product Launches to Remain Key Development in Recovery Paper Market
In June 2021, TEQ, a global leader in thermoforming services, announced that its Fibrepak paper brand now utilizes 100% recycled paper pulp to manufacture its products.
They are combining the latest technology in thermoformed fiber with their extensive experience in thermoforming to create bespoke, complex, and high-quality packaging for a range of clients, including cosmetics, food and beverage, home care, and electronics.
In August 2020, Gmund paper introduced it’s 100% recovered paper collections. The company offers ten colors and can be used for packing projects. These bright and vibrant packaging papers are available in ten different shades possessing excellent strength.
In addition, the production process has been designed to ensure environmental conservation. Papers and plastics are available in matte (70 x 100cm) weigh up to 300g/m2 with other formats and grammages available from a minimum order amount of 3 tonnes.
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Rising Demand for Eco-Friendly Products Enhancing Recovered Paper Adoption
The contemporary packaging industry ascribes heavy importance to Recovered Paper. Recovered paper is extensively deployed across cartons, corrugated boxes, and folded boxes for cereals among its core application areas.
Recovered paper is a term used to define a collection of papers used for recycling. The waste paper obtained from several industries is generally taken as the primary raw material for manufacturing recovered paper.
The packaging industry requires recovered paper as a raw material as they reduce costs by as much as 40%. The growing demand for environmentally friendly projects is increasing the market for recovered paper.
Stringent government regulations with respect to environmental protection and conservation are prompting key paper-intensive industries to adopt recyclable alternatives, thereby bolstering prospects for recovered paper further.
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Online Retail Creates New Revenue Pockets for Recovered Paper
Rapid e-commerce penetration has prompted both industrial and consumer goods dealers to deploy cartons and corrugated boxes for the final packaging of finished goods. This has led to an increase in demand for recovered paper.
Recovered paper is also an effective alternative to help online sales giants to reduce environmental impact as it eliminates the need for using non-recyclable paper or plastics for packaging.
Attributed to these aforementioned trends, the demand for recovered paper is accelerating manifold over the past several years and will continue growing across the forthcoming decade as well.
Based on product type, the recovered paper market is segmented as:
- Printing Paper
- Corrugated Container
- Printing Paper
Based on paper quality, recovered paper can be classified as
- Low-grade Paper
- High-grade Paper
- Brown Paper
- White Paper
According to end use industry, the market for recovered paper is segmented as:
- Food & Beverage
- Electrical & Electronics
High Competition to Secure a Consolidated Future for the Market
The recovered paper market is highly competitive, attributed to its ever widening popularity. Prominent manufacturers of recovered paper include
- Smurfit Kappa Group plc
- International Paper
- American Eagle Paper Mills
- Stora Enso
- Mondi Group Plc.
- Tetra Pak
- Pratt Industries Inc.
- Sealed Air.
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