Between 2013 and 2023, Japan's waste and scrap paper and paperboard market value per capita declined from $19.63 to $13.17, particularly marked by drops in 2014, 2015, 2020, and 2023. The recent years (2022-2023) revealed a decrease of 3.7%. On a broader scale, a compound annual growth rate (CAGR) of -2.6% was recorded over the past five years, highlighting a sustained downturn.
Future Trends to Watch:
- A focus on recycling and sustainable practices might alter market dynamics.
- Potential economic rebounds could stabilize or gradually boost market value.
- Technological innovations in recycling processes may impact future market size.
