The global duplex paper and board market are projected to have a slow-paced CAGR of 2.8% during the forecast period. The current valuation of the market is US$ 4,405.9 million in 2022. The market value of the global duplex paper and board market is anticipated to reach a high of US$ 5,807.1 million by the year 2032. A historical CAGR of 2.1% has been recorded by Future Market Insights during the period 2016-2021
Duplex paper and board are used in the production of folded carton boxes and cardboard layers for a range of end-use applications. Duplex paper and board will see a significant increase in demand in the next years due to its use for packaging applications in pharmaceutical, personal care, food and beverage, and other industries.
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Duplex paper and board sales are heavily reliant on their broad use for product packaging in many sectors, resulting in constant rivalry among key competitors to supply cutting-edge packaging solutions for end customers. Furthermore, the great surface quality of duplex board, in addition to its optical properties, will make it a superior solution with good printability and a beautiful appearance.
To boost the use of duplex paper, key firms are focused on innovation and development. Furthermore, duplex board is made from recycled fibres, which decreases the carbon footprint generated by this sector. These factors will lead to an increase in demand for duplex paper and board in the coming years.
Which Are Some Prominent Drivers Of Duplex Paper And Board Market?
Growing Desire for Biodegradable Packaging to Boost Market Growth
The worldwide packaging business is largely concerned with producing environmentally friendly packaging choices. The global desire for biodegradable packaging has gradually boosted the demand for duplex paper and board in manufacturing industries such as FMCG, retail, pharmaceutical, and many others.
The global prohibition on plastic imposed by nations owing to new rules and legislation has altered demand for duplex paper and board. The pulp and paper industry is intently focused on boosting production capacity while also introducing new technologies along the route. These factors will boost the duplex paper and board industry at the same time.
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Opportunities are collapsing in the duplex paper and board sector, and the capacity to provide biodegradable packaging choices has compelled the whole industry to make an unprecedented change. The extraction of fibres from magazines, newspapers, and books and conversion to biodegradable duplex paper and board has skyrocketed product sales.
This feature will provide a fantastic chance to reduce the use of capital in raw material procurement while also increasing the financial viability of the duplex paper and board industry.
What Are The Challenges Faced By The Duplex Paper And Board Market?
Durability is a Major Obstacle for the Market Growth
The durability of recycled duplex paper and board products will always be a point of contention, as fibre strength reduces with repeated recycling. This can result in product loss and is a market barrier that restricts demand for duplex paper and board.
However, applying binding agents while creating recycled materials greatly improves product strength, which promotes demand and income production for the Duplex Paper and Board industry.
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Market Competition
- Kimberly-Clark Corp.,
- Stora Enso Oyj,
- International Paper Company,
- The West Coast Paper Mills Ltd. (SKG),
- Mangum Ventures Ltd.,
- El-Salam Paper Mills,
- Sappi Ltd,
- Emami Paper Mills Ltd.,
- Millennium Overseas.,
- Hangzhou Gerson Paper Co. Ltd.,
- JK Paper Ltd.,
- Balakrishna Paper Mills Ltd.,
- Monit Paper and Chemicals Pvt. Ltd.,
- Asia Pulp and Paper,
- Nippon Paper Industries,
- Murli Industries, Venkraft Paper Mills Pvt. Ltd. and
- Qiongdao Sanshi Paper Co. Ltd.
some Duplex Paper and Board manufacturers.
Recent Developments In The Duplex Paper And Board Market
- In June 2022, Huggies® and Meijer are teaming up again this year to help NICU (Neonatal Intensive Care Unit) families through Hand to Hold®, a nationwide non-profit organisation that offers NICU parents with tailored care through early intervention mental health assistance in both English and Spanish.
- In October 2019, HP Indigo and Sappi Europe collaborated on an agreement. In this cooperation, HP Indigo will deploy its digital printing capabilities on Sappi Europe’s biodegradable duplex paper and board for personalization based on consumer demands.
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