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Coated Paper Packaging Box Market

Market Insights on Coated Paper Packaging Box covering sales outlook, demand forecast & up-to-date key trends

Coated Paper Packaging Box Market by Box Type , Board Thickness , End Use & Region – Forecast to 2022 – 2032

Coated Paper Packaging Box Market Snapshot

According to Future Market Insights research, during the projected period, the global coated paper packaging box market is set to enjoy a valuation of US$ 13.7 Bn in 2022, and further expand at a CAGR of 4.5% to reach US$ 21.2 Bn by the year 2032. The sales of the collapsible boxes by box type are anticipated to bolster with the top 5 companies estimated to hold around 15-20% of the market by the end of 2022.

Based on the end use, the food & beverages segment is projected to remain the leading segment among the other end use in the coated paper packaging box market. The reason for the same would be the growing demand for safe, protective, and high-barrier packaging in food & beverages industries.

Market Size 2022

US$ 13.7 Bn

Market Size 2032

US$ 21.2 Bn

Value CAGR (2022-2032)

4.5%

Collective Value Share: Top 3 Countries (2022E)

25-30%

According to the FMI analysis, the coated paper packaging box market revenue totaled US$ 13.1 Bn in 2021. With the propelling demand from online shopping, the global coated paper packaging box market is projected to reach US$ 21.2 Bn by 2032, accelerating at a CAGR of 4.5% during the forecast period.

The coated paper packaging box market is estimated to experience a positive growth outlook during the forecast period. A new forecast by FMI anticipates that the coated paper packaging box market sales will rise during 2022-2032 and is projected to create an absolute incremental growth opportunity of US$ 8.2 Bn.

The coated paper packaging box market is anticipated to expand 1.6 times the current market value during the forecast period.

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Historic Market Outlook for Coated Paper Packaging Box Market

The global coated paper packaging box market witnessed a CAGR of 4.2% during the historic period with a market value of US$ 13.1 Bn in 2021.

Eco-design and sustainable packaging solutions are important while designing products with special consideration for environmental impact. Protection of goods and commodities while transporting is a high priority for manufacturers and industries. Coated paper packaging box gaining the limelight for packaging various products that need to be protected from atmospheric conditions. The coated paper packaging box is used by multiple shipping and logistics companies to transport the products. Coated paper packaging box is basically made from paper having a high barrier coating or lamination to it. Coated paper packaging box can easily replace the other box in the various market. The high-end application of coated paper packaging box in food & beverage, clothing, accessories, consumer electronics, and beauty products. The updating purchasing patterns of consumers and the upgradation of technology has pushed the coated paper packaging box market. Increased online shopping of food, groceries, clothes, accessories, and many things day to things is expected to increase the coated paper packaging box market.

Coated paper packaging box provides a smooth finish and aesthetics to the packaging which is beneficial for attracting consumers by differentiating the packaging and brand making. Coated paper packaging box enables printing for attracting consumers and build brand image. Also, the protection ad security provided by the coated paper packaging box makes it the preferred packaging solution for both manufacturers and consumers. With the changing preferences for sustainable and eco-friendly packaging, the coated paper packaging box is gaining popularity in the packaging world. In food packaging, the coated paper packaging box provides high barrier protection from moisture, oxygen, and heat resistance. Growing environmental concerns over packaging solutions boost the coated paper packaging box market because of its recyclability. Coated paper packaging boxes in expected to grow at a moderate pace during the forecasted period.

How is the Evolution of Technology Affecting the Coated Paper Packaging Box Market?

Nowadays, recyclability has become the most important issue in using plastic as a packaging solution. Paper being the environment-friendly option provides the alternative solution for packaging but with limitations associated with paper packaging. Paper packaging is gaining popularity in the packaging world due to its recyclability and biodegradable nature. Paper packaging proves to be a more versatile and responsible packaging solution for manufacturers and retailers. Coated paper packaging box overcomes the limitations associated with paper packaging.

Paper reinforced with high barrier coating technology improves the properties of paper and provided more clarity and visibility to the packaging. Water-based coatings on the coated paper packaging box improve the performance and barrier properties without hindering the recyclability of the paper. Coated paper packaging box offer an improved water barrier for packaging seafood, fruits, and deep freeze applications such as ice creams, tubs, and frozen food. Coated paper packaging box offers excellent print receptivity to enhance the aesthetics of the products and finds more consumer interest.

Coated paper packaging box helps to improve oil and Greece resistance that can be used for the packaging applications such as disposable takeaway boxes used for restaurants, sweets, and seafood delivery, especially by e-commerce brands. The technological development for coated paper packaging boxes opening the new market tapping that will be raising the growth rates of the coated paper packaging box market.

Ismail Sutaria
Ismail Sutaria
Principal Consultant
LinkedIn
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Category-wise Insights

Which Box Type segment is estimated to remain the leading segment in the Global Coated Paper Packaging Box Market?

The collapsible box by the box type segment is estimated to remain a leading segment for the global coated paper packaging market during 2022-2032. The major advantages of collapsible box type in saving space and reusability factor create a smart packaging solution for the manufacturers as well as consumers.

Which End use is Creating Growth Opportunities in the Global Coated Paper Packaging Box Market?

The food and beverage segment by end use is expected to expand 1.5 times current value during 2022-2032. The increasing working population, changing lifestyle and changing eating habits of the consumer lead towards increased consumption of food items. The time shortage for the working people propelled the demand for food items. This increasing demand for food items augment the sales of coated paper packaging box market.

Country-wise insights

How does the U.S. Create a Growth Opportunity for Coated Paper Packaging Box Market?

The U.S. is expected to hold around 81% of the North American Coated Paper Packaging Box market by the end of the forecast period. The food service industry consumes various types of paper packaging which also includes paperboard box, coated paper packaging box, and others. The coated paper packaging box is preferred by the food service industry due to the increasing concern of eco-friendly packaging among the consumer along with the plastic ban by the government/authority. According to the U.S. Department of Agriculture (USDA), around US$ 1.8 trillion worth of food was supplied by the foodservice and food retailing industry in the U.S., out of which US$ 978 billion worth of food was supplied by the foodservice facilities in the U.S. The food supplied by the food service facilities may have consumed large volume of packaging as food is packed in different packaging solutions.

Why is Mexico Estimated to Augment the Demand for Coated Paper Packaging Box Market?

According to the Mexican Online Sales Association, in 2020 the domestic e-commerce in Mexico valued at US$ 15.8 billion, an increase of over 80 percent from 2019. The e-commerce users in Mexico increased by 9% in 2020 from 2019. The expanding e-commerce sector in Mexico bolster the demand for paper box including coated paper packaging box market.

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Competitive Landscape

The major players in the coated paper packaging box market faced reduction in sales and marker share during the pandemic. Currently, the major players in the market are gaining the market value by developing new products in the coated paper packaging box market. Recent activities and mergers implemented by the leading player in coated paper packaging box market are:

  • In April 2022, WestRock Company partners with Recipe Unlimited to launch recyclable paperboard packaging.
  • In November 2022, Huhtamaki Oyj launched a new product called ‘Icon Packaging which is made from a renewable bio-based material in combination with water-based barrier coating..
  • In September 2022, Smurfit Kappa announced that it acquired a PaperBox, packaging plant in Rio de Janeiro to expand its operational footprints in Brazil.

Scope of the Report

Attribute

Details

Growth Rate

CAGR of 4.5% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2021

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion, Volume in Units, and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis

Segments Covered

  • Box Type
  • Board Thickness
  • End use
  • Region

Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Middle East and Africa
  • Oceania

Key Countries Covered

  • US
  • Canada
  • Mexico
  • Brazil
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • China
  • Japan
  • India
  • GCC countries
  • Australia

Key Companies Profiled

  • WestRock Company
  • Huhtamaki Oyj
  • Smurfit Kappa Group Plc
  • ProPack
  • GWP Packaging
  • DS Smith plc
  • Robinson plc
  • Stora Enso Oyj
  • Pakfactory
  • Madover Packaging LLC
  • Burt Rigid Box
  • Bigso Box of Sweden
  • Johnsbyrne
  • Sunrise Packaging
  • Autajon C.S.
  • Taylor Box Company
  • International Paper Company
  • Mayr-Melnhof Karton AG

Customization & Pricing

Available upon Request

Coated Paper Packaging Box Market by Category

By Box Type, Coated Paper Packaging Box Market is Segmented as:

  • Hinged lid Box
  • Telescopic Box
  • Shoulder Neck Box
  • Collapsible Box
  • Others (Rigid Sleeve Box, etc.)

By Board Thickness, Coated Paper Packaging Box Market is Segmented as:

  • Up to 1.5mm
  • 1.5 to 2.5mm
  • Above 2.5mm

By End Use, Coated Paper Packaging Box Market is Segmented as:

  • Fashion Accessories and Apparels
  • Food and Beverage
  • Cosmetic and Personal Care
  • Consumer Electronics

By Region, Coated Paper Packaging Box Market is Segmented as:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Middle East & Africa
  • Oceania

Frequently Asked Questions

In 2021, the value of the global coated paper packaging box market was US$ 13.1 Bn.

During the forecast period, the global coated paper packaging box market is anticipated to expand at a CAGR of 4.5%.

The global coated paper packaging box market is expected to reach US$ 21.2 Bn by the end of 2032.

During the forecast period, collapsible box segment is likely to be the fastest-growing box type segment in the global coated paper packaging box market.

Increased online shopping of food, cosmetics, and other commodities drives the demand for coated paper packaging box.

The key players in the coated paper packaging box market are WestRock Company, Huhtamaki Oyj, Smurfit Kappa Group Plc, ProPack, GWP Packaging, DS Smith plc, Robinson plc and International Paper Company.

As per the FMI analysis, the Indian coated paper packaging box market is projected to expand at a CAGR of 5.1% during 2022-32.

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Ismail Sutaria
Principal Consultant
LinkedIn
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Coated Paper Packaging Box Market