Introduction
Welcome to a deep dive into the world of the coated recycled boxboard market. In this article, we’ll uncover the key aspects, advantages, and market trends surrounding this eco-friendly packaging material. As the world continues to embrace sustainability, Coated Recycled Boxboard is gaining popularity for its versatile applications and environmental benefits.
Coated Recycled Boxboard Market: An Overview
Coated Recycled Boxboard, often referred to as CRB, is a sustainable packaging material made from recycled paperboard. This environmentally friendly choice has been steadily rising in demand due to its numerous advantages. Let’s explore this market segment in detail.
What is Coated Recycled Boxboard?
Coated Recycled Boxboard is a type of paperboard crafted from recycled paper products. It is known for its exceptional strength, versatility, and eco-friendliness.
With a projected value of US$ 44.7 billion in 2023, the global coated recycled boxboard market is set to grow steadily, boasting a 4.5% CAGR, and is expected to achieve a market size of US$ 69.4 billion by 2033.
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The Major Key Players Are:
- Graphic Packaging International, Inc.
- Greif, Inc.
- Cascades Inc.
- Smurfit Kappa Group plc
- Paperworks Industries Inc.
- Netpak.
- DS Smith plc
- Georgia-Pacific Corporation
- Klabin SA
- Packaging Corporation Of America
- Orora Ltd.
- Emenac Packaging USA
- Caraustar Industries Inc.
- Mondi Group plc
Recent Developments-
- In September 2022, Graphic Packaging International, Inc. made a strategic investment in Paper seal Machine. The investment has been done with the objective of meeting up the local demand in the US The investment in recyclable paperboard manufacturers is strengthening the company’s operations in the particular market.
- In November 2022, Greif, Inc. acquired LEE Container. The company’s acquisition is further expanding its presence in the recycled boxboard market. Through its acquisition company is now focusing on innovative and advanced packaging solutions.
Coated Recycled Boxboard Market Trends
To stay informed about the Coated Recycled Boxboard Market, it’s essential to understand the latest trends shaping the industry.
Sustainable Packaging Dominance
With environmental concerns on the rise, the demand for sustainable packaging solutions like CRB continues to grow.
Innovation in Coatings
Technological advancements in coating techniques enhance CRB’s performance, making it an even more attractive choice.
E-commerce Boom
The surge in e-commerce has boosted the demand for packaging materials, including CRB, to meet the needs of online retailers.
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Coated Recycled Boxboard Market by Category
By Coating Type, Coated Recycled Boxboard Market is Segmented as:
- Poly
- Clay
- Adhesive
By Application, Coated Recycled Boxboard Market is Segmented as:
- Backing Board
- Boxes & Cartons
- Cores & Tubes
- Displays
- Trays
- Others (Cups, Tubs, etc.)
By End Use, Coated Recycled Boxboard Market is Segmented as:
- Food & Beverages
- Electrical & Electronics
- Personal Care & Cosmetics
- Pharmaceuticals
- Homecare & Toiletries
- Others (Automobiles, etc.)
By Region, Coated Recycled Boxboard Market Is Segmented As:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa (MEA)
- Oceania
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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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