Analysts predict that the waste paper market will increase to $96 billion by 2023. In 2021, these volumes were more modest – 42 billion. At the same time, turnover increased by more than 8 percent over the past year. Continental markets were analyzed: America, Europe, Asia, where everyone can buy used paper of various grades. At the same time, Asian countries are more interested in the supply of waste paper. Here they are concerned about the depletion of local natural resources, which raise fears for their catastrophic performance. Demand for paper that has been recycled is growing in Asia. It is growing at about 8 percent annually. In addition, the number of people living in cities is increasing. Therefore, it can be argued that the volume of waste generated will increase significantly.
The growth of industry and business development also leads to the formation of garbage. Environmental problems are also developing rapidly, not in the best direction for modern humanity. The reason for this is the mountains of garbage that end up in landfills. Knowledge of the current situation has influenced the demand for proposals related to waste management in the developed world. The authorities of different states began to adopt tough laws that are aimed at resolving the problems associated with the formation of garbage, in particular, one that is commonly called waste paper. As a result, the world market for waste paper began to develop rapidly. And, most likely, the growth of the market will continue further.
The development of such a market is quite obvious. Because mankind has already come to the conclusion that it is necessary to stimulate and develop the sphere of processing production. The increase in the number of waste paper recycling plants is growing. They need raw materials for normal full-fledged work. Accordingly, the demand for waste paper is growing. And this applies not only to used cardboard or office paper. There is even a demand for specific varieties. In addition, due to the development of technology, processors have learned to process even what they have not processed before. In particular, we are talking about moisture-resistant used paper, which has a coating that protects the material from the negative effects of moisture.
