Paper Recycling Market to Suffer Slight Decline in 2028, Efforts to Mitigate Coronavirus-Related Disruptions Ramp Up
Increasing urbanization and middle class population with surge in literacy rates in the developing countries such as India, China, and Brazil will create the huge demand for paper products such as newsprint, packaging, and writing paper. Also, changing consumer preferences towards convenient packaging solutions along with sustainability in mind will diminish the demand for plastic packaging and hence fuel the paper and paperboard industry. Despite being highly recyclable material, PET material is not yet recycled more than 30% of its...
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