The global clay coated recycled boxboard market is expected to witness significant growth in the coming years, driven by the increasing demand for sustainable packaging solutions. Clay coated recycled boxboard, also known as clay coated Kraft board, is a type of paperboard made from recycled paper and coated with clay to improve its strength and printability.
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
The rising awareness about the environmental impact of packaging waste and the need to reduce carbon footprint is driving the demand for recycled and eco-friendly packaging materials. Additionally, the growing trend of e-commerce and the increasing demand for packaged goods are further propelling the market growth.
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The food and beverages industry is expected to be the largest end-user of clay coated recycled boxboard, driven by the growing demand for packaged food and beverages. The pharmaceutical and personal care industry is also expected to witness significant growth in the coming years, driven by the increasing demand for packaging of health and personal care products.
In terms of geography, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific is expected to be the fastest-growing region, driven by the increasing demand for sustainable packaging solutions in countries such as China and India.
Key players operating in the market include International Paper, WestRock, Smurfit Kappa, Georgia-Pacific, and Packaging Corporation of America. These companies are focusing on expanding their production capacity and launching new products to cater to the growing demand for clay coated recycled boxboard.
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The Key Players Are:
- International Paper Company
- Smurfit Kappa
- WestRock
- GreenPaper
- Paperworks Industries Inc.
- Netpak
- Greif
- GreenPaper
- Strathcona Paper LP
- TPC Group Co. Ltd.
- Spartan Paperboard Company
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.)
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