Old Corrugated Containers (OCC) Market registering a CAGR of 4.1% to surpass US$ 22.0 Billion by 2032

The Old Corrugated Containers (OCC) Market will be valued at US$ 14.7 billion in 2022 and grow at a CAGR of 4.1% to reach US$ 22.0 billion by 2032. According to the survey, the top 3 nations will account for 30–35% of the market for used corrugated containers by 2022.

By the end of 2032, the old corrugated containers (OCC)-11 sector is anticipated to hold around 46% of the market share in terms of waste paper type. According to Future Market Insights (FMI), the OCC-11 segment is expected to generate an additional potential worth US$3.5 billion over the course of the projection year. (2022-2032).

In its latest study, Future Market Insights (FMI) opines corrugated packaging is one of the indispensable formats in the packaging industry. Reusability and customizability are factors increasing the demand for corrugated packaging.

Old corrugated containers also offer environment-friendly packaging to various industries. These packaging solutions are an excellent source of wood pulp fibre and are a valuable commodity in the packaging industry.

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Old corrugated containers are made up of paper which is biodegradable. These biodegradable corrugated containers require fewer resources and have lower production costs. Unlike fossil-based materials, paper leaves a lesser impact on the environment and have a lower carbon footprint as compared to the conventional packaging market.

Biodegradable packaging solutions are free from toxins and they also degrade automatically without any external efforts. The raw material required for corrugated containers is quite inexpensive which makes these containers highly affordable. Hence, the demand for environmental-friendly packaging solutions will augment the sales of old corrugated containers.

Key Takeaways from Old Corrugated Containers Market

· Old corrugated container (OCC) -11 as a waste paper type segment is projected to remain the leading segment and is anticipated to account for 45% of the market share by the end of 2022.

· Based on the source, the commercial & industrial segment is projected to register a CAGR of 4.7%, creating an incremental opportunity of US$ 3.7 Bn during 2022-2032.

· North America, Europe, and East Asia are expected to showcase the highest demand, collectively, accounting for approximately 64% of the market value share by the end of 2032.

· India is expected to dominate the South Asia old corrugated containers market over the forecast period

“Increasing waste management problems will drive demand for old corrugated containers. Sustainable packaging solutions provided by old corrugated containers and increased sustainability concerns will augment the demand in old corrugated containers market.” says an FMI analyst.

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Old Corrugated Containers Market Landscape

• Averda,
• Seder Group,
• BEEAH Group,
• Saudi Arabia Gulf Environmental Protection (SEPCO), and
• Waste Collection & Recycling Co. (WASCO)

are the key players operating in the old corrugated containers market. Furthermore,

• Suhul Al-Beeah,
• United Global Services (TM Company),
• Huta Environment,
• Redland Industrial Services (Arabia) Ltd. (RISAL),
• Arab Recycling Co. Ltd. and
• Nascom

are also noticeable players in the old corrugated containers market. The tier 1 players in the market hold 15-20% of the global old corrugated containers market.