Introduction
In an era where sustainability and eco-consciousness are at the forefront of consumer and industry concerns, the duplex paper and board market has emerged as a pivotal player in the world of packaging materials. With a growing emphasis on reducing environmental footprints, the market for duplex paper and board has seen remarkable advancements, making it a critical component of the packaging industry. This comprehensive article will delve deep into the world of duplex paper and board, exploring its various facets, innovations, and its promising future.
Duplex Paper and Board Market: A Holistic Overview
duplex paper and board market encompasses a wide range of paper products characterized by their dual-layer composition. The manufacturing process involves bonding two layers of paper together, creating a sturdy and versatile material suitable for various applications.
Anticipated to exhibit a gradual CAGR of 2.8% over the forecast period, the worldwide duplex paper and board market currently holds a valuation of US$4,405.9 million as of 2022, with expectations for the market value to ascend to a substantial US$5,807.1 million by 2032.
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Trends Shaping the Industry
The market for duplex paper and board continues to evolve, driven by several key trends:
1. Digital Printing Revolution: With advancements in digital printing technology, duplex paper and board can now showcase intricate designs and vibrant colors, elevating product aesthetics.
2. Biodegradability: As the world shifts towards greener alternatives, biodegradable duplex paper and board gain traction due to their reduced environmental footprint.
3. Customization: The demand for personalized packaging experiences is on the rise. Duplex paper and board offer a canvas for creative customization, allowing brands to tell unique stories through packaging.
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.
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.
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
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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