According to Future Market Insights, the value of the coated recycled paperboard market is expected to rise from US$ 7.27 Billion in 2022 to US$ 10.5 Billion in 2032, at a CAGR of 4.7%. As more people become concerned about the state of the planet, coated recycled boards are becoming increasingly common.
Customers increasingly favor goods labelled "green," indicating the rising popularity of eco-friendly packaging options. Owners of brands can benefit from this because it helps them strengthen consumer attachment to their products. The adoption of coated recycled paperboard is expected to rise as a result of this.
Coated Recycled paperboard Market Value-based CAGR (2022 to 2032)
4.7%
Several distinct investable concepts related to the sustainable-packaging agenda emerge against the background of rising demand from both regulators and consumers. The companies operating in the coated recycled paperboard industry are capitalizing on the recent shift towards sustainability. Their key strategies could be categorized into three areas: Improving recyclability, scaling up sustainable solutions, and lowering carbon emissions.
Paying attention to Packaging Recyclability
This refers to recyclable containers and raw materials, as well as the enabling technology that makes them possible. For instance, there have been many research and development initiatives aimed at creating recyclable, high-barrier mono-materials. Technology that streamlines the packaging's sorting and subsequent recycling is also a part of the effort to increase its recyclability (such as digital bar codes).
Scaling up of Compostable Packaging
Compostable raw materials and packaging are key components of this trend, which centers on the utilization of renewable resources like fiber and starch. Given the dearth of commercial composting facilities, it could be worthwhile to investigate methods that could facilitate composting programs at the individual or neighborhood level. One difficulty is that coated recycled paperboard has a lack of diverse qualities, limiting its usefulness in many contexts.
Lowering the CO2 Footprint
Companies in the fast-moving consumer goods industry are looking into transitioning to substrates with lower emissions. Those in the coated recycled paperboard industry, who are responsible for a disproportionately large portion of total emissions, are considering more carbon-neutral packaging.
This global movement to minimize greenhouse gas emissions presents an opportunity for technologies or packaging solutions that offer a relatively reduced carbon footprint now or in the future compared with incumbent packaging to stand out from the competition.
Providing consumers with carbon intensity labels might have far-reaching effects on the packaging value chain by forcing a redesign of packaging and encouraging a move toward the use of substrates with a smaller carbon footprint.
Coated recycled paperboard and sustainable packaging are dynamic fields. There are a variety of promising avenues for investment that could lead to widespread advancements in the area of ecologically friendly packaging and a correspondingly promising future. To find appealing themes that are scalable, though, a detailed approach is required, along with a solid grasp of implementable solutions.
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Coated Recycled Paperboard Market Overview
Coated Recycled Paperboard is majorly utilized in consumer products and food and beverage industries, for product categories including soap and laundry detergent packaging, cookie packaging, cracker packaging, paper goods packaging (facial tissue and napkins), cake mix packaging, and cereal boxes and other dry food packaging.
Market Overview:
Paperboard is a kind of paper which is thicker than the normal paper and is mainly used for the purpose of packaging. Major properties which make paperboard ideal for packaging purposes are its thickness, and light weight. Paperboard can be single ply or multi ply depending upon its usage, and can be cut in any size as per the requirements of the customer.
This flexibility of the paperboard makes it an obvious choice for packaging of various goods. Also, surface of paperboard is very smooth, which makes it useful for graphic printing companies to use it as a platform for marketing and branding.
Coated Recycled Paperboard can be recycled with materials such as old containers, newspapers, box board clippings, and so on. The coated recycled paperboard is usually coated with a thin layer of kaolin clay to improve the finishing of its printing surface.
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Market Dynamics:
The most important advantage that the Coated recycled paperboard provides is convenience, ease of use and ease of transport. The coated recycled paperboard is very convenient to use for packaging purpose. Coated Recycled Paperboardcan be easily customized as per the requirements of the customer that uses it for packaging of various goods.
This has increased the popularity of the coated recycled paperboard for the packaging purposes. The other driving factors that are associated with the global coated recycled paperboard market are extended shelf life of the products, eco-friendliness and recycling ability, usage for wide array of products, branding and marketing strategies, rapidly growing e-commerce businesses and so on.
The coated recycled paperboard market also receives fierce competition from the other medium of packaging that is used for the products of the same category. Therefore to stay ahead in the competition the coated recycled paperboard need constant improvement in their features. This is a major challenge for this market.
The global Coated Recycled Paperboard market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA). North America leads the global market of coated recycled paperboard.
This region has been ahead from the other regions for quite a long time now because of the ever increasing demand. European region ranks second globally in the market of coated recycled paperboard. Since there has been a rise in the disposable income of the consumers from the developing regions, the global coated recycled paperboard market has started to witness a boost due to this factor.
The markets in the regions of APEJ, Latin America and Middle East are rising steadily because of the increased demand from these regions. With respect to Asian region is concerned India and China have a lot of potentials as far as the growth of the coated recycled paperboard market is concerned.
Key Players:
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.
Papertec Inc.
Cascades
White Pigeon
The Newark Group
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
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The report covers exhaustive analysis on:
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Regional analysis includes
North America (USA, Canada)
Latin America (Mexico, Brazil and Rest of Latin America)
Western Europe (Germany, Italy, France, UK, Spain, Nordic countries, Belgium, Netherlands, Luxembourg and Rest of Western Europe)
Eastern Europe (Poland, Russia and Rest of Eastern Europe)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, and Rest of MEA)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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)
