Coated Paper Packaging Box Market Snapshot (2022 to 2032)
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 Billion in 2022, and further expand at a CAGR of 4.5% to reach US$ 21.2 Billion 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 to 20% of the market by the end of 2022.
Based on the end user, the food & beverages segment is projected to remain the leading segment among the other end users 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 the food & beverages industries.
Market Size 2022
US$ 13.7 Billion
Market Size 2032
US$ 21.2 Billion
Value CAGR (2022 to 2032)
4.5%
Collective Value Share: Top 3 Countries (2022E)
25 to 30%
According to the FMI analysis, the coated paper packaging box market revenue totaled US$ 13.1 Billion in 2021. With the propelling demand from online shopping, the global coated paper packaging box market is projected to reach US$ 21.2 Billion 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 from 2022 to 2032 and is projected to create an absolute incremental growth opportunity of US$ 8.2 Billion.
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 Billion 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. The coated paper packaging box is basically made from paper having a high barrier coating or lamination to it. Coated paper packaging boxes can easily replace the other box in the various market. The high-end application of coated paper packaging boxes in food & beverage, clothing, accessories, consumer electronics, and beauty products. The updating purchasing patterns of consumers and the upgradation of technology have 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 builds 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 boxes 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 opens a new market tapping that will be raising the growth rates of the coated paper packaging box market.
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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 from 2022 to 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 its current value from 2022 to 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 augments the sales of coated paper packaging box market.
Country-wise insights
How does the USA Create a Growth Opportunity for Coated Paper Packaging Box Market?
The USA 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 boxes, coated paper packaging boxes, and others. The coated paper packaging box is preferred by the food service industry due to the increasing concern about eco-friendly packaging among the consumer along with the plastic ban by the government/authority. According to the USA Department of Agriculture (USDA), around US$ 1.8 trillion worth of food was supplied by the food service and food retailing industry in the USA, out of which US$ 978 billion worth of food was supplied by the food service facilities in the USA The food supplied by the food service facilities may have consumed a 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 was 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 bolsters 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 a reduction in sales and market share during the pandemic. Currently, the major players in the market are gaining 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 a 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 to 2021
Forecast Period
2022 to 2032
Quantitative Units
Revenue in USD Billion, Volume in Units, and CAGR from 2022 to 2032
Report Coverage
Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
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 Apparel
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
What was the value of the coated paper packaging box market in 2021?
In 2021, the value of the global coated paper packaging box market was US$ 13.1 Billion.
At what rate is the global coated paper packaging box market projected to expand during the forecast period?
During the forecast period, the global coated paper packaging box market is anticipated to expand at a CAGR of 4.5%.
By 2032, what will the value of the global coated paper packaging box market be?
The global coated paper packaging box market is expected to reach US$ 21.2 Billion by the end of 2032.
Which box type segment is expected to lead the global coated paper packaging box market during the forecast period?
During the forecast period, the collapsible box segment is likely to be the fastest-growing box type segment in the global coated paper packaging box market.
What drives the demand for coated paper packaging box?
Increased online shopping of food, cosmetics, and other commodities drives the demand for coated paper packaging boxes.
Which are the top players supplementing the sales of the coated paper packaging box market?
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.
At what rate is the Indian coated paper packaging box market projected to grow?
As per the FMI analysis, the Indian coated paper packaging box market is projected to expand at a CAGR of 5.1% from 2022 to 2032.
