Recycling of used paper will exceed $50 billion

waste paper recycling

Analysts predict that if the volume of the world market for used paper grows by 4.5 percent every year, then by 2026 its turnover will be more than 50 billion US dollars. This is a very realistic prediction. Because the market for waste paper is growing every year. More and more states are involved in the process of recycling paper waste. Because in many countries they began to understand how important it is to develop the processing industry.

The question of where to buy old newspapers or other types of waste paper will cease to arise in the very near future. This is what processors around the world are counting on. Since today they still have problems associated with the purchase of waste paper. Despite the stabilization of the approach to the recycling process, there is still not enough volume of paper waste that is needed for the profitability of the processing industry. By the way, such a problem is faced even in developed countries, although it is they who have a more competently configured recycling system.

Why are such turnover figures predicted? It is quite logical to conclude, because the world market for waste paper is growing every year. 4.5% is the most modest estimate for the growth of such a market. It is quite realistic that volumes will be much higher in the very near future. We, as a waste broker, can say that there will definitely be growth. Because already now there are many processing enterprises that need paper secondary raw materials. Our company is confident that such an increase will only benefit humanity. Because this is how it will solve the global problem of environmental pollution and the problem that requires a rational approach to the consumption of natural resources.

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