Recycled paper packaging
employs paper products as their raw materials. The raw materials they
use are basically extracted from the waste paper that is generated by
the end users or the waste that has been created during the
manufacturing of other products pertaining to paper packaging. It has
several advantages such as it reduced the cost of paper packaging
materials up to 40%. Paper is one such material that can be recycled
almost 10 times for being reproduced as a completely new product and
that can be employed in several applications as well. The rise in
environmental concerns across the world and the surging need for
reducing toxic emissions, recycled paper packaging is being incessantly
used by the Personal Care, Healthcare, and Food and Beverages Industry.
The growing demand for environment
friendly products, is a core factor that has been supplementing the
growth of the global recycled paper packaging market. In order to adhere
to the strict rules that have been laid down by governments across the
globe in terms of environment security, many industries are resorting to
recycled paper packaging. The proliferating awareness among people
regarding the benefits of paper recycling and the need for a sustainable
future dawning on them is expected to have a positive impact on the
progress of the global market for recycled paper packaging. The
availability of incentives and supports from the governments is another
core driving force for the market.
Increase in demand for eco-friendly
products, in turn, is expected to drive demand for recycled paper
packaging in the near future. The waste paper generated from the end-use
industries and by the consumers is utilized as raw material for the
production of recycled paper packaging. The major advantage of using
recycled paper packaging is the associated reduction in the cost of
packaging material. This is a major factor expected to increase the
demand as well as consumption of recycled paper for packaging, thereby
boosting growth of the global recycled paper packaging market over the
forecast period.
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Stringent government regulations
pertaining to environmental concerns and reduction in carbon emissions
are also among the major factors expected to fuel consumption of
recycled paper packaging across the end-use industries. Moreover, the
ongoing growth witnessed in the end-use industries, such as food and
beverages, is also anticipated to fuel growth of the global recycled
paper packaging market in the coming years. The global recycled paper
packaging market is anticipated to expand at a moderate CAGR over the
forecast period.
Recycled paper packaging is expected to
find major applications in the food and beverages industry. Thus, the
growth of the industry, in turn, is expected to drive growth of the
recycled paper packaging market over the forecast period. Besides, the
increasing consumer awareness pertaining to use of recycled products is
anticipated to further boost the demand for recycled paper packaging
products, thereby driving growth of the market over the forecast period.
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Moreover, the increasing awareness about
the hazardous effects of plastic waste accumulation is also projected to
be a major reason for growth of recycled paper packaging market over
the forecast period. The increasing government initiatives and support
for the use of recycled products is also expected to be a major factor
boosting growth of the recycled paper packaging market further.
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