According to research by Future Market Insights, the global coated recycled boxboard market is expected to achieve a valuation of US$ 44.7 billion in 2023, projecting further growth at a Compound Annual Growth Rate (CAGR) of 4.5%, ultimately reaching US$ 69.4 billion by 2033. The market is poised to strengthen, with the top 5 companies projected to hold a significant market share of around 20-25% in 2022. This indicates a competitive landscape with key players playing a pivotal role in driving the market’s growth trajectory during the forecast period, contributing to the overall expansion of the coated recycled boxboard market.
The coated recycled boxboard market is poised for a favorable growth trajectory in the forecast period, with FMI’s latest projections indicating a notable uptick in sales from 2023 to 2033. The forecast suggests a substantial absolute incremental growth opportunity of US$ 26.5 billion, underscoring the market’s potential for expansion. This optimistic outlook reflects the increasing demand and preference for coated recycled boxboard in various industries, driven by its eco-friendly characteristics and versatility in packaging applications, contributing to the overall positive market dynamics and creating significant opportunities for industry stakeholders.
Anticipated to dominate the North American coated recycled boxboard market, the United States is projected to capture approximately 78% of the market share by the end of the forecast period. Insights from the American Forest & Paper Association (AF&PA) highlight the widespread recycling of paper in the U.S., where paper packaging’s recyclability resonates well with consumers. This consumer preference contributes to a growing demand for diverse paper and paperboard packaging solutions across various end-use industries, underscoring the significance of sustainable packaging practices in the U.S. and their role in shaping the coated recycled boxboard market landscape.
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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.
Coating Type is expected to hold a Major Portion of the Global Coated Recycled Boxboard Market
Within the coating type segment, the poly coating segment emerges as a dominant force in the global coated recycled boxboard market, anticipated to command approximately 45% of the market share by the conclusion of 2033. This segment’s prominence is attributed to the favorable properties of poly coating, making coated recycled boxboard an ideal choice for packaging. The lightweight nature, effective printable surface, and high product protection capabilities of poly-coated recycled boxboard contribute significantly to its popularity, reflecting the market’s inclination towards versatile and efficient packaging solutions with enhanced protective features.
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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
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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