Paper waste is a raw material for a lot of products with different added value. The engineering, economic and environmental aspects of paper waste recycling are analysed for production of composite material, cellulose nanofibers and nanocrystals, bricks with paper components, porous carbon, film of biopolymer, enzymatic sugar and bioenergy: bioethanol, hydrogen and biofuel. Through multicriteria analysis, it was possible to determine the most feasible paper waste recycling product in case of four product groups: egg packaging boxes, cardboard, reused paper, cellulose nanomaterials (nanofibers and nanocrystals). The production of cellulose nanofibres and cellulose nanocrystals has an advantage over egg packaging and cardboard production as well as reusable paper.