Packaging firms like Paper Mart need to increase their production of recycled paper packaging due to the growing demand among consumers. Consumers are today are becoming more environmentally conscious and their preferences for recycled packaging materials is making an impact on packaging manufacturers.
According to Research and Markets, the world’s largest market research store, the global market for recycled paper packaging is expected to grow at a CAGR of 7.73% over a 5-year period from 2014 to 2019. The report is based on in-depth market analysis and input from industry experts in the America’s and the APAC and EMEA regions.
According to the report, one of the major trends in the emerging markets is the growth of recycled paper packaging in the APAC region primarily due to the increased production of paper and pulp. This allows packaging companies to increase their production of recycled paper materials to meet the demands of discerning customers in the emerging markets as well as global markets.
One of the major factors that fuel the growth of recycled packaging materials is government initiative to reduce the use of plastics in packaging. Consumers have also become more aware about recycling and the negative effects of plastic that have accumulated in landfills.
However manufacturers of recycled packaging materials are challenged by the considerable gap between supply and demand. There is an overwhelming demand from consumers and retailers; however, packaging manufacturers are unable to meet the demand because they lack proper infrastructure and equipment. Consumers therefore have no choice but to look for alternative packaging products.
Recycled paper packaging makes use of paper products that have been derived from paper waste generated by end consumers or from waste that have been generated by other paper packaging manufacturers. Paper is a material that can be recycled up to 10 times in the reproduction of new products that can be used for various applications aside from packaging. Paper recycling provides a lot of advantages to manufacturers from the reduction in the cost of packaging materials to the reduction of toxic emissions in the environment. Recycled paper packaging is increasingly being adopted by the food and beverage industry, health care and personal care industries.