A new report by Transparency Market Research (TMR) states that the global recycled paper packaging market is influenced, predominantly, by increasing environmental concerns and the growing need to curb toxic emissions. The research report is titled, “Recycled Paper Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.” According to the report, the market is expected to expand at a moderate CAGR, driven by the significant reduction in the cost of packaging materials achieved due to the use of recycled paper for packaging. Huge cost savings can be achieved by making use of paper products as raw materials generated by consumers or the waste produced during the production of other paper packaging items.

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The report presents an all-inclusive study of this market, taking into account significant market trends, growth drivers, limitations, opportunities, or growth prospects. The past and current performance of the global recycled paper packaging market have also been examined thoroughly in this report to determine the market’s future size. The report further examines the competitive landscape, including strategies adopted by players in the industry and information regarding their strategic mergers, collaborations, acquisitions, and partnerships.

In an attempt to reduce carbon emissions, governments across countries have passed several regulations, thus compelling end-use industries to make use of recycled paper for packaging. Moreover, the growth of end-user industries leads to a heightened consumption of recycled paper packaging. In addition to this, the market is driven by the rising awareness about hazardous effects of plastic waste accumulation when using plastic packaging, thus causing end user industries to consider paper for packaging.

The market is expected to be hampered by the increasing the gap between the demand and supply of recycled paper owing to a lack of proper infrastructure and equipment. End-use industries are in turn looking for alternative products, thus restricting the growth of the market. Analysts say that existing players in the market will likely be threatened by new entrants. In order to sustain in the market and strengthen their positions, leading players are entering into mergers and acquisitions. Key players profiled in the report are Tetra Pak, Sealed Air, DS Smith, Ecocern, Pratt Industries, Inc., and International Paper.

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The report segments the global recycled paper packaging market on the basis of geography, end-use industry, and product type. By product, the market is segmented into corrugated case and specialty papers. The corrugated case segment is further classified into liner grades, medium grades, and dual-use grades. On the basis of end-use industry, the global recycled paper packaging market is segmented into personal care products, healthcare, electronics, food and beverages, sports, and construction. By geography, North America is expected to hold key shares of the market in the coming years and Asia Pacific will emerge as a lucrative market by 2024, with China in the forefront.