Paper is an important product in our day to day life. With the increase in number of educational institutions and industries worldwide, the demand and consumption of paper and paper products is also increasing globally. The primary raw material used for manufacturing paper is wood and bamboo. Thus, increase in demand for paper is leading to rise in deforestation, posing an environmental threat. Thus, strict environmental rules are being employed by the concerned policy makers in various regions to reduce deforestation, and even the paper and paper product manufacturers are employing sustainable waste management practices, which in turn is boosting growth of the global market for waste paper management. To counter the environmental regulations, more and more paper and paper product manufacturing companies are implementing go-green initiatives through recycling activities, thereby having a positive impact on the waste paper management market. Apart from the above mentioned factors, growing consumer awareness about waste management is also contributing toward the growth of the waste paper management market.
Waste Paper Management Services & Equipment Market: Drivers & Restraints
The global waste paper management market is expected to expand at a single digit CAGR over the forecast period, and the key driving factor responsible for the growth of waste paper management market is the stringent laws implemented by the government to protect the environment, thus propelling the paper and paper product manufacturers to opt for waste paper management. With the increase in literacy rate and growth of the education sector and population across the globe, the consumption of paper is also increasing, which in turn is leading to the generation of huge amount of waste paper that needs to be recycled in order to make its optimum use. This factor is also expected to boost growth of the waste paper management market over the forecast period. However, the waste paper availability from domestic source and the loss of fiber value due to the reuse of waste paper internally are factors that might pose as restraints for growth of the waste paper management market over the forecast period.
Waste Paper Management Services & Equipment Market: Market Segmentation
On the basis of service, the global waste Paper Management Services & Equipment market is segmented into:
- Collection & Transportation
On the basis of equipment, the global waste Paper Management Services & Equipment market is segmented into:
- Collection & Transportation equipment
- Storage Equipment
- Segregation Equipment
- Processing Equipment
On the basis of waste paper source, the global waste Paper Management Services & Equipment market is segmented into:
- Others (Institutional)
On the basis of waste paper type, the global waste Paper Management Services & Equipment market is segmented into:
- Mixed Papers
- Newspapers & magazines
- Others (pulp substitutes)
On the basis of recycled waste paper product type, the global waste Paper Management Services & Equipment market is segmented into:
- Facial Tissues
- Paper Towels
- Others (paperboard, paper plates)
Waste Paper Management Services & Equipment Market: Region-wise Outlook
By geography, the global waste paper management market has been segmented into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and the Middle East & Africa. Currently, APEJ holds the largest share of the waste paper management market among the aforementioned regions. With the industrial development in APEJ, the waste management market in the developing economies of this region (such as China and India is likely to prosper. The dominance of the paper industry in the North American region is more compared to other regions as North America is the largest producer, consumer, and exporter of pulp and waste paper. Also, positive growth opportunities for waste paper management market are expected to be created in North America in view of the availability of advanced technology for waste paper recycling in the region. The European market for waste paper management is also expected to witness growth over the forecast period in view of the strict regulations enforced by the government in the region to reduce deforestation. Overall, the global waste paper management market is expected to expand at a decent growth rate over the forecast period.
Waste Paper Management Services & Equipment Market: Key Players
Some of the major players identified in the global waste Paper Management Services & Equipment market include: Allied Waste Industries Inc., Veolia Environment S.A., Sappi, Cascades Recovery Inc., DS Smith, International Paper Company, and Westrock Company.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.