The growing environmental concerns and steps taken by governments across nations to curb carbon emissions are encouraging the use of recycled paper for the purpose of packaging. Transparency Market Research (TMR) in its latest report, studies the global recycled paper packaging market, including its key growth drivers and restraints, major segments of the market, its competitive landscape, future opportunities, and trends. The report is titled “Recycled Paper Packaging Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.” The increasing need to reduce toxin substances is fueling the adoption of recycled paper for packaging purpose in various end user industries.
According to the report, consumers today are inclined towards eco-friendly products and this is boosting the demand for recycled paper packaging for various end user industries. The use of recycled paper for packaging not only makes use of the waste paper generated from industries and contributes towards cleaning the environment but also has other advantages such as reduced cost. Owing to their cost effectiveness and eco-friendly nature, they are increasingly being used in the food and beverages industries. Since the food and beverages industry is thriving owing to the growing population, the market for recycled paper packaging is also expected to witness a growth in the coming years.
More and more industries are realizing the hazardous effects of plastic and shifting towards paper for packaging. The increase in the awareness regarding the reusability of papers through recycling will further the growth of this market. On the other hand, one of the challenges faced by players in the market is the entry of new players. Since government policies are becoming stringent and serious about environmental pollution, many new players are recognizing the growth potential of the recycled paper packaging market and thus, investing in this industry. This in turn is creating a competitive environment for the existing players. To overcome this, many existing players are entering into partnerships and collaborations. Mergers and acquisitions have become common in the global recycled paper packaging market.
The report profiles some of the leading players in the global recycled paper packaging market for the purpose of study. It gives key details such as company overview, financial overview, and their recent developments. Information with regards to mergers and acquisitions, business collaborations and partnerships is also provided. Key strategies adopted by leading players to deal with challenges in the industry are given. Some of the top players operating in this industry include: Ecologic, DS Smith, Berkley International Packaging, Rock-Tenn, Crown Holdings, Biomass Packaging, Clondalkin Group Holdings, Sonoco Products, Cardinal Health, Tetra Pak International, Cascade, and Elopak.