The Waste and Scrap of Paper and Paperboard market in Uruguay experienced a notable increase from 2013 to 2023, growing steadily from $9.326 million to $16.21 million. The market displayed volatility with a prominent peak in 2015 and fluctuations thereafter, most notably a significant decline in 2020, followed by a strong recovery in 2021.
From 2018 to 2023, the market showed a Compound Annual Growth Rate (CAGR) of 3.72%. Over the last two years, the market grew at a year-on-year rate of 2.7% in 2023, indicating consistency in market value improvement.
Future trends to watch for include the impact of sustainability initiatives that may further drive the recycling and reuse of paper products, potentially increasing market value. Additionally, any shifts in global demand for recycled materials could influence market dynamics in Uruguay.
