Global waste paper management market to be valued at around $43.4 billion by 2020

SEATTLE (Scrap Monster): According to a new research report published by MarketsAndMarkets, the global waste paper management market is projected to grow at a compounded annual growth rate (CAGR) of 2.55% from 2015 to 2020. The report “Waste Paper Management Market - Global Forecast to 2020” also forecasts that the market will be valued at around $43.35 billion by 2020.

As per the report, waste paper management market is expected to witness significant growth in the future with the increasing popularity of sustainable waste management practices. The market is also projected to experience growing demand in the industrial as well as commercial sectors. The report states that developing markets such as China, Brazil, and India are emerging as growth economies for waste paper management market. The ever increasing population and the huge rise in disposable income of people will act as the main drivers for expansion of waste paper markets.

The presence of better waste treatment facilities has been a factor in contributing to the rising demand of waste paper management services in the mature regions of Europe and North America. The growing interest of consumers regarding environmental safety is also a key driver of waste paper management market.

The report provides detailed profiles of leading market players including Veolia Environnement S.A. (France), International Paper Company (U.S.), Waste Management, Inc. (U.S.), UPM-Kymmene OYJ (Finland), and WestRock Company (U.S.). Also featured in the report are other players including Republic Services Inc. (U.S.), Mondi Group (South Africa), Georgia-Pacific LLC (U.S.), Sappi Ltd. (South Africa) and DS Smith Plc. (U.K.).