An in-depth analysis of the coated recycled paperboard market by FMI offers fascinating insights into the major factors, such as drivers and opportunities, that are promoting market expansion. It reveals issues that pose dangers and emphasizes opportunities for progress in the short term.
The coated recycled paperboard market is anticipated to increase in value from US$7.27 billion in 2022 to US$10.5 billion in 2032, with a CAGR of 4.7%.
A sustainable packaging material made from recycled paper fibers is coated recycled paperboard, or CRB. It is made up of several layers of paperboard that have a thin layer of clay or other minerals on top of them. The recycled paperboard is given improved durability, rigidity, and printing capabilities thanks to this coating.
Increasing the Use of Sustainable Packaging
Consumer preferences have significantly changed in recent years to favor ecological goods and packaging. The need to reduce waste and growing environmental consciousness are the driving forces behind this shift. As a result, there has been a noticeable increase in the demand for environmentally friendly packaging options such coated recycled paperboard.
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Market Trends and Forecast
- Increasing Demand in the E-commerce Sector: With the rise of online shopping, the demand for sustainable packaging materials, including coated recycled paperboard, is expected to surge. E-commerce companies are actively seeking eco-friendly alternatives to traditional packaging to align with consumer expectations.
- Focus on Lightweight Packaging: As sustainability becomes a priority, lightweight packaging solutions are gaining traction. Coated recycled paperboard, with its excellent strength-to-weight ratio, offers an ideal solution for lightweight and sturdy packaging requirements.
- Rise in Biodegradable Coatings: To further enhance the eco-friendliness of coated recycled paperboard, manufacturers are developing biodegradable coatings. These coatings ensure that the packaging remains environmentally friendly throughout its lifecycle.
- Technological Advancements: Continuous advancements in coating technologies are enabling improved performance and enhanced functionalities of coated recycled paperboard. Innovations in coatings are resulting in improved moisture resistance, barrier properties, and printability.
Key Coated Recycled Paperboard Market Takeaways and Projections
- The U.S. is expected to lead the North America Coated Recycled Paperboard market, projecting the fastest growth in the region between 2022-2032
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2032.
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Report Benefits & Key Questions Answered
- Coated Recycled Paperboard Historical Market Analysis: The detailed survey by FMI, examines key factors in the Coated Recycled Paperboard market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Coated Recycled Paperboard market for the forecast period 2022-2032.
- Coated Recycled Paperboard Category & Segment Level Analysis: The category & segment level analysis conducted by FMI studies the market in terms of segments. It studies the vital dynamics across each segment and also highlights their growth prospects in the coming ten years.
- Coated Recycled Paperboard Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Coated Recycled Paperboard for the assessment period. As per the study, the demand for Coated Recycled Paperboard will grow at a robust CAGR between 2022-2032.
- Coated Recycled Paperboard Company & Brand Share Analysis: A recent study by FMI highlights a comprehensive list of leading market players and stakeholders in the global Coated Recycled Paperboard market. It examines the business execution, cost structure analysis, and supply chain analysis, of Tier 1, Tier 2, and Tier 3 players for the forthcoming decade.
- Coated Recycled Paperboard Market Trend Analysis: The latest study by FMI on the Coated Recycled Paperboard market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
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Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Coated Recycled Paperboard market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
It also provides a list of leading players and recent development in the global Coated Recycled Paperboard market. Some of the players engaged in the global market for Coated Recycled Paperboard market include
The Key players in the Coated Recycled Paperboard market are as follows:
- Caraustar
- Westrock
- Strathconapaper
- Graphic Packaging International
- Pacific Paper
- Impressions Incorporated
- Spartan Paperboard
- Paperworks
- Smurfit Kappa
- Sonoco
- Trim-Pac Inc.
Coated Recycled Paperboard Market: Market Segmentation
By coating type, the coated recycled paperboard can be classified as follows:
- Kaolin clay or china clay
- Calcium carbonate
- Titanium Dioxide
By application, the coated recycled paperboard can be classified as follows:
- Soap and laundry detergent packaging
- Beauty and Personal care
- Paper goods packaging (facial tissue and napkins)
- Cereal Cartons
- Light bulbs
- Dry foodstuffs
- Others (Pet food, Bakery, Home and Garden and so on)
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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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