Clay Coated Recycled Boxboard Market Assessment
Driven by sustainability-centered initiatives, the packaging industry is plugging into lightweight and multilayer flexible packaging formats. Major industry trends – e-Commerce, cost pressures, and evolving customer expectations - are influencing industrials to fundamentally rethink their packaging formats. Clay coated recycled boxboard is recyclable and reusable, as well as cost-efficient. Global value of the clay coated recycled boxboard market will expand nearly 1.6X over the forecast period of 2030-2020. While the market is undergoing a manufacturing slowdown due to the coronavirus (COVID-19) crisis, it is slated to recover over the coming years.
Clay Coated Recycled Boxboard Market: Key Research Findings
- The global clay coated recycled boxboard market was valued at US$ 7 Bn in 2019.
- Expanding e-Commerce ecosystem and evolving customer expectations are underpinning market growth.
- Clay coated board recycled (CBR) continues to engage market players; clay coated recycled multi-ply (CBO) to gain traction.
- Food & beverages packaging would remain a key revenue generator in the clay coated recycled boxboard market.
- East Asia market continues to make significant strides; market in South Asia to experience stellar growth.
Key Factors Shaping Clay Coated Recycled Boxboard Market Growth
Growing Preference for Sustainable Packaging Solutions
Sustainable packaging formats have been a top priority among various industrials, especially retailers and food processors. Several multinational cereal companies and global retailers such as Kellogg's and Quaker are putting greater focus on leveraging bio-degradable packaging materials such as clay coated recycled boxboard. These companies are teaming up with multi-stakeholders (Environmental Defense Fund and WWF) with the aim to reduce the ecological burden. Such international agencies are encouraging sustainability-centric transformation in packaging materials. These themes are working in favor of the clay coated recycled boxboard market.
Ban on Lightweight Plastic Bags
Clay coated recycled boxboard is easily reusable and recyclable as compared to other materials such as metals and plastics. Growing preference for rigid paper-based packaging owing to rising consumer awareness regarding harmful effects of plastic on the environment is bolstering the adoption of clay coated recycled boxboard. In addition, bans on lightweight single-use plastic bags across several countries will have a measurable impact on the clay coated recycled boxboard market.
Vertical & Horizontal Mergers of Multinational e-Commerce Companies
The e-Commerce industry has been witnessing top-line growth over the last few years, and, in turn, this is translating into increasing adoption of clay coated recycled boxboard for easy transportation. e-Commerce companies are entering into partnerships with domestic and regional suppliers in order to strengthen their supply chains and leverage bulk orders and offer discounts. For instance, Amazon acquired Souq.com and Whole food in 2017. As such, manufacturers in the clay coated recycled boxboard market must tap this opportunity to get well-placed outsized returns.
As the coronavirus (COVID-19) pandemic spreads across continents, myriads of retail stores have shut their doors, uncertain as to when they would restart. Self-isolation norms and manufacturing standstills have further added to adversities of the clay coated recycled boxboard market. However, certain revenue pockets such as e-Commerce and processed food industries are influencing market players to ramp up the manufacturing of clay coated recycled boxboard to keep pace with the demand from these end-use industries.
Clay Coated Recycled Boxboard Market Structure Analysis
- The global clay coated recycled boxboard market is highly fragmented, with key players accounting for less than one-fifth of the overall market value.
- While leading players are collaborating with domestic manufacturers to enhance their regional footprint, emerging players are improving their supply chains to sustain in a highly competitive environment.
2015 - 2019
Market Value in 2019
US$ 7.2 Bn
Material, End Use, and Region
North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East & Africa
International Paper Company, Smurfit Kappa and WestRock, GreenPaper, Paperworks Industries Inc., Netpak, Greif, GreenPaper, Strathcona Paper LP, TPC Group Co. Ltd., and Spartan Paperboard Company.
Adoption of Clay Coated Recycled Boxboard by End Use
Manufacturers of clay coated recycled boxboard would create substantial value from food & beverage packaging applications, especially in the snacks packaging industry. Several food companies and retailers have significantly benefitted from paper and paperboard materials, which account for over 70% of food & beverages packaging. Towards the end of the projection timeframe, the adoption of clay coated recycled boxboard in the packaging of food and beverages would value around US$ 5 Bn in the clay coated recycled boxboard market share. Furthermore, top players in the clay coated recycled boxboard market are unleashing meaningful business opportunities in pharmaceutical packaging.
Regional Outlook of Clay Coated Recycled Boxboard Market
The East Asia clay coated recycled boxboard market will continue to make material progress over the following decade, attributable to the rapid expansion of pharmaceutical and personal care industries. The government in China has imposed a ban on the usage of single-use plastic packaging in an effort to curb the ecological burden. Moreover, the e-Commerce ecosystem in the country is making fast-paced progress. In similar fashion, stakeholders are also investing in the South Asia clay coated recycled boxboard market, which is following a robust growth curve.
e-Commerce Industry to Steer Revenue Development
The e-Commerce sector has been making considerable strides over the past few years, especially in developing regions - China and India. Incumbents are entering into collaborations with local and regional distributors to strengthen their supply chains as well as acquire bulk orders and offer discounts on them. Case in point, Amazon has teamed up with Whole Food and Souq.com. These activities are fueling the demand for folding carton products, and, as such, players in the clay coated recycled boxboard market must grab this opportunity to accelerate revenue growth.
Clay coated board recycled (CBR) remains in-demand
Clay coated recycled multi-ply (CBO) to gain momentum
Food & beverages packaging remains key application area
Pharmaceuticals packaging to offer lucrative prospects
How Growth will Unfold
Clay coated board recycled (CBR) find immense use in packaging applications that require graphic printing and enhanced aesthetics to attract a larger consumer base, such as on cereal boxes. Around 7 out of 10 stakeholders are capitalizing on CBR. However, revenue share of clay coated board recycled would stagnate slightly over the years ahead. Market players are also unpacking growth avenues in clay coated recycled multi-ply (CBO), and yet, they would remain glued to CBR for bigger margins.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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A recent market report published by FMI on the clay coated recycled boxboard market provides global industry analysis of 2015-2019 and forecasts for 2020-2030. The report offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical as well as current growth parameters of the clay coated recycled boxboard market, growth prospects of the market are obtained with maximum precision.
Clay Coated Recycled Boxboard Market Taxonomy
The global clay coated recycled boxboard market is segmented in detail to cover every aspect of the market and present complete market intelligence to the readers.
- Clay Coated Board Recycled (CBR)
- Clay Coated Recycled Multi-ply (CBO)
- 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.)
- North America
- Latin America
- South Asia
- East Asia
The report begins with the executive summary of the clay coated recycled boxboard market, which includes a summary of the key findings and statistics of the market. It also includes dominant segments in the market, along with key facts about clay coated recycled boxboard. It also includes graphical representation of the segments according to market size and growth rate.
Readers can find detailed taxonomy and definition of the clay coated recycled boxboard market in this chapter, which will help them understand the basic information about the market. This section also highlights the inclusions and exclusions, which help readers to understand the scope of the clay coated recycled boxboard market report.
It includes a comprehensive analysis of key trends that are impacting the global clay coated recycled boxboard market.
This section includes the overview on benefits of paper packaging and regulations on plastic, along with the product adoption analysis of clay coated recycled boxboard.
This section explains the global market volume analysis and forecasts for the clay coated recycled boxboard market for the forecast period of 2020-2030. It includes detailed analysis of the historical market, along with an opportunity analysis for the future.
This section highlights the average pricing analysis of various materials of clay coated recycled boxboard in different regions across the globe. The weighted average pricing at the manufacturer-level is analyzed in this section.
This chapter explains the key macroeconomic factors that are expected to influence the growth of the clay coated recycled boxboard market over the forecast period. Along with macroeconomic factors, this section also highlights the opportunity analysis for the market. This chapter also highlights key market dynamics of the clay coated recycled boxboard market, which includes the drivers and restraints. This section also includes outlook of the global packaging industry, Porter’s analysis, key industry perspectives, and value chain analysis.
This section explains the global market value analysis and forecast for the clay coated recycled boxboard market for the forecast period of 2020-2030. Readers can also find the absolute opportunity for the current year (2020 - 2021), and an incremental opportunity for the forecast period (2020 - 2030).
Based on material, the clay coated recycled boxboard market is segmented into various product types such as clay coated board recycled (CBR) and clay coated recycled multi-ply (CBO). In this chapter, readers can find information about key attractive segments during the forecast period.
This chapter provides details about the clay coated recycled boxboard market on the basis of food & beverages packaging, pharmaceuticals packaging, cosmetics, personal care & homecare packaging, automotive parts packaging, electrical & electronics packaging, apparel & footwear packaging, and others (printing & publishing, transportation & logistics, etc.).
This chapter explains how the clay coated recycled boxboard market is expected to grow across various geographical regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East & Africa (MEA).
This chapter includes a detailed analysis of growth of the North America clay coated recycled boxboard market, along with a country-wise assessment that includes the U.S. and Canada. Readers will also find some of key points on the basis of estimated market size and consumption of clay coated recycled boxboard.
Readers can find detailed information about several factors, such as the pricing analysis and the regional trends, which are impacting the growth of the Latin America clay coated recycled boxboard market. This chapter also includes the growth prospects of the market in leading countries in Latin America such as Brazil, Mexico, Argentina, and the Rest of Latin America.
Important growth prospects of the clay coated recycled boxboard market based on material and end use in several countries such as Germany, the U.K., France, Spain, Italy, Russia, Poland, BENELUX, Nordic countries, and the Rest of Europe, are included in this chapter.
This chapter provides information about how the clay coated recycled boxboard market will grow in major countries in the MEA region, such as GCC Countries, South Africa, Turkey, Northern Africa, and the Rest of MEA, during the forecast period 2020 - 2030.
This chapter highlights the growth of the clay coated recycled boxboard market in East Asia by focusing on China, Japan, and South Korea. The section also highlights data points regarding the growth of the market in East Asia.
India, Indonesia, Thailand, and Malaysia are leading countries in the South Asia region that are the prime subjects of assessment to obtain the growth prospects of the South Asia clay coated recycled boxboard market in this chapter. Readers can find detailed information about the growth parameters of market during the forecast period of 2020-2030.
In this chapter, Australia and New Zealand are among the leading countries in the Oceania region, which are the prime subjects of assessment to obtain the growth prospects of the Oceania clay coated recycled boxboard market.
In this chapter, country-wise growth in the clay coated recycled boxboard market across regions is highlighted. The section also highlights data points regarding the growth of the market in countries such as the U.S., Brazil, India, China, Germany, Australia, South Africa, etc.
In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the clay coated recycled boxboard market along with their market presence analysis by region and product portfolio.
In this chapter, readers will find a comprehensive list of all leading manufacturers in the clay coated recycled boxboard market, along with detailed information about each company, including company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are International Paper Company, Smurfit Kappa and WestRock, GreenPaper are concentrating to increase their production capacity to sustain in sterile and clay coated recycled boxboard market. Some of the others players operating in the market are Paperworks Industries, Inc., Netpak, Greif, GreenPaper, Strathcona Paper LP, TPC Group Co., Ltd., and Spartan Paperboard Company.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the clay coated recycled boxboard market report.
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information about the clay coated recycled boxboard market.
How the research was conducted?
Primary research interviews with key opinion leaders and other participants were conducted for data collection and validation of the below information:
- Key Segments in the Clay Coated Recycled Boxboard market
- Market Share Analysis
- Average Selling Price (US$) and Market Growth
- Key Regulations in Packaging Industry
- Market Size
- Key Trends & Developments
- Competition & Key Vendor Strategies
- Industry Journals
- Beverage Packaging Industry Growth
- Regional Metal Packaging Consumption
- Annual Reports/SEC Filings/Investor Presentations
Primary Interview Splits