The projection term is expected to have a slow-moving CAGR of 2.8% for the worldwide duplex paper and board market. In 2022, the market is expected to be worth US$4,405.9 million. By 2032, it is expected that the global duplex paper and board market will have grown to a high of US$ 5,807.1 million.
There are many different applications for duplex paper and board, including packing, printing, and publishing. They are two-sided coated paper and board materials. They are renowned for having a smooth surface, strong strength, and exceptional printing quality, which makes them perfect for uses that call for high-quality printing and advantageous folding characteristics.
Due to the rising demand for environmentally friendly and sustainable packaging options as well as the expanding e-commerce sector, the duplex paper and board market is a growing sector of the paper and packaging industry.““`
The growing demand for green packaging options is one of the main factors driving the duplex paper and board industry. Duplex paper and board are an environmentally friendly substitute for conventional paper and board since they are created from recycled fibres. They are also lightweight, which lowers transportation expenses and carbon emissions.
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The expanding e-commerce industry is another element fueling the expansion of the duplex paper and board market. The demand for packing materials that can convey goods safely and securely has substantially expanded with the growth of online shopping. Due to their exceptional strength and durability, duplex paper and board materials are perfect for this use since they help protect goods during shipping.
Duplex paper and board materials are also heavily used in the printing and publishing industries. Magazines, brochures, and packaging materials are examples of applications that benefit from the outstanding printing quality offered by duplex paper and board.
In conclusion, the market for duplex paper and board is expanding as a part of the paper and packaging industry due to the rising need for environmentally friendly and sustainable packaging options as well as the expanding e-commerce industry. The market for duplex paper and board is anticipated to expand significantly over the next several years as demand for environmentally friendly and sustainable packaging solutions rises.
Region-Wise Insights
North American markets are very mature when compared to those in other regions. The United States dominates the North American duplex paper and board industry, where food is likely to remain the leading end-user of folding cartons.
Substantial market growth is expected in Europe, over the forecast period, owing to high paperboard demand from the packaging and manufacturing industries, as well as stringent government rules and regulations requiring the use of eco-friendly tools for packaging-related activities.
In 2021, Asia Pacific was a significant market for duplex paper and board, driven by growth in the packaged food and cosmetic & personal care packaging industries.
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Market Competition
Kimberly-Clark Corp., Stora Enso Oyj, International Paper Company, The West Coast Paper Mills Ltd. (SKG), Mangum Ventures Ltd., El-Salam Paper Mills, Sappi Ltd, Emami Paper Mills Ltd., Millennium Overseas., Hangzhou Gerson Paper Co. Ltd., JK Paper Ltd., Balakrishna Paper Mills Ltd., Monit Paper and Chemicals Pvt. Ltd., Asia Pulp and Paper, Nippon Paper Industries, Murli Industries, Venkraft Paper Mills Pvt. Ltd. and Qiongdao Sanshi Paper Co. Ltd. some Duplex Paper and Board manufacturers.
Recent Developments In The Duplex Paper And Board Market
- In June 2022, Huggies® and Meijer are teaming up again this year to help NICU (Neonatal Intensive Care Unit) families through Hand to Hold®, a nationwide non-profit organisation that offers NICU parents with tailored care through early intervention mental health assistance in both English and Spanish.
- In October 2019, HP Indigo and Sappi Europe collaborated on an agreement. In this cooperation, HP Indigo will deploy its digital printing capabilities on Sappi Europe’s biodegradable duplex paper and board for personalization based on consumer demands.
Key Players:
- Kimberly-Clark Corp.
- Stora Enso Oyj
- International Paper Company
- The West Coast Paper Mills Ltd. (SKG)
- Mangum Ventures Ltd.
- El-Salam Paper Mills
- Sappi Ltd
- Emami Paper Mills Ltd.
Market Benefits
- The study provides an in-depth analysis of the global duplex paper and board market along with the current trends and future estimations to elucidate the imminent investment pockets.
- The key market players along with their strategies are thoroughly analyzed to understand the competitive outlook of the industry.
- An extensive analysis of the market based on application assists in understanding the trends in the industry.
- The report presents a quantitative analysis of the market from 2022 to 2032 to enable stakeholders to capitalize on the prevailing market opportunities.
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Key Segments Profiled In The Duplex Paper And Board Industry Survey
Duplex Paper and Board Market by Type:
- Duplex Paper
- High-weight coated
- Light-weight coated
- Board
- White Board
- Kraft Board
Duplex Paper and Board Market by Thickness:
- Up to 200 gsm
- 201-300 gsm
- 301-400 gsm
- Above 400 gsm
Duplex Paper and Board Market by End Use Industry:
- Healthcare & Pharmaceuticals
- Chemicals
- Food & Beverages
- Homecare
- Personal care & Cosmetics
- Others
Duplex Paper and Board Market by Region:
- North America Duplex Paper and Board Market
- Latin America Duplex Paper and Board Market
- Europe Duplex Paper and Board Market
- Asia Pacific Duplex Paper and Board Market
- Middle East & Africa Duplex Paper and Board Market
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