Clay coated recycled boxboard market is anticipated to expand at a healthy CAGR (4.7%) over the forecast period (2022-2030), reaching US$ 10.5 Bn by the year 2030.
Clay coated recycled boxboard (CRB) finds application in the packaging of dry food, pet food, laundry detergents, and pharmaceuticals. CRB is cost-effective and 100% recyclable, making it highly preferable among packaging converters. This boxboard is considered ideal for packaging that requires an effective printable surface, is lightweight, and protection purposes. The global clay coated recycled boxboard market is expected to exhibit a CAGR of 5% over the forecast period of 2020-2030.
Get Sample of the Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-11569
Amidst the coronavirus (COVID-19) pandemic, the clay coated recycled boxboard market is expected to witness a drop in value creation in 2020, due to decline in industrial production and irregularities in the global supply chain. However, the market is slated to make a rapid recovery by 2022 with a 4.3% Y-o-Y growth, driven by surging consumption of recycled boxboard in several industries, including food and beverages, pharmaceuticals, cosmetics, and electronics. Moreover, consumers are expected to increasingly become conscious regarding food safety, which is again likely to propel the growth of the clay coated recycled boxboard market over the following decade.
Key Takeaways of Clay Coated Recycled Boxboard Market Study
- Clay coated recycled boxboard market revenue will expand around 1.5X over 2020-2030, attributable to rising adoption of products such as cereal boxes that require graphic printing for enhanced brand reputation.
- Around half of clay coated recycled boxboard market revenue would be realized by food and beverage packaging applications, owing to increasing demand from the snack packaging industry. Clay coated recycled boxboard also finds application in consumer goods such as footwear and apparel, and the trend will follow a positive curve in the coming years. Moreover, pharmaceutical packaging applications are reflecting potential growth avenues for clay coated recycled boxboard manufacturers.
- East Asia accounts for nearly a quarter of the global clay coated recycled boxboard market, majorly represented by China. Rising health awareness and high demand for pharmaceutical, beauty, and personal care products are fueling the regional market.
- Clay coated recycled boxboard offers high moisture absorption, lower weight resistance, and better printing quality output as compared to SUK and folding boxboard.
- Key players in the clay coated recycled boxboard market are embracing inorganic expansion strategies such as acquisitions to satiate the demand from wider geographies, whereas, small and medium businesses (SMBs) are strengthening their supply chains to sustain in the market landscape.
Ask For Regional Data: https://www.futuremarketinsights.com/ask-regional/rep-gb-11569
Key Segments Covered in Clay Coated Recycled Boxboard Industry Research
Clay Coated Recycled Boxboard Market by Material:
- CBR (Clay Coated Board Recycled)
- CBO (Clay Coated Recycled Multi-ply)
Clay Coated Recycled Boxboard Market by End-use:
- Food & Beverages Packaging
- Pharmaceuticals Packaging
- Cosmetics, Personal Care & Homecare Packaging
- Automotive Parts Packaging
- Electrical & Electronics Packaging
- Apparel & Footwear Packaging
- Others (Printing & Publishing, Transportation & Logistics, etc.)
Clay Coated Recycled Boxboard Market by Region:
- North America Clay Coated Recycled Boxboard Market
- Latin America Clay Coated Recycled Boxboard Market
- Europe Clay Coated Recycled Boxboard Market
- East Asia Clay Coated Recycled Boxboard Market
- South Asia Clay Coated Recycled Boxboard Market
- Oceania Clay Coated Recycled Boxboard Market
- Middle East & Africa (MEA) Clay Coated Recycled Boxboard Market
Frequently Asked Questions
- How much is the Clay Coated Recycled Boxboard market currently worth?
- What is the sales forecast for Clay Coated Recycled Boxboard through 2030?
- What was last 7-year market CAGR for the sales of Clay Coated Recycled Boxboard?
- Who are the key manufacturing companies for Clay Coated Recycled Boxboard?
- What’s with “South” and “East Asia”?
About FMI:
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact:
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers, Dubai
United Arab Emirates