Within the recycled materials market, paper packaging is the largest sector, accounting for around 65% of all recycled packaging. Paper and paperboard also have the highest recycling rates worldwide (with the exception of glass in some countries). Demand for paper packaging will continue to grow, due to the manufacturing economies of China and other emerging countries. In fact, the overall market for recycled paper packaging will grow at a CAGR of 5% to reach $139 billion in 2018.