The global duplex and paper board market is expected to experience consistent growth, with a CAGR of 2.70% from 2024 to 2034. The market, valued at USD 5.9 billion in 2024, is projected to reach USD 7.7 billion by 2034, driven by rising demand across various industries.
Duplex paper and board, known for their shiny coated surface on one side, are widely used for creating cardboard layers and folded carton boxes, making them essential for numerous end-use applications. Their enhanced printability and versatility have positioned them as a preferred choice for packaging solutions.
The duplex paper and board market has been witnessing significant growth, driven by the rising demand for eco-friendly and recyclable packaging solutions. Duplex paper, known for its smooth finish and lightweight properties, is widely used in industries such as packaging, printing, and stationery.
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Prominent Drivers of the Duplex Paper and Board Market
- Sustainability Initiatives
The increasing demand for eco-friendly and recyclable packaging solutions is a significant driver. Duplex paper and boards are biodegradable, making them an attractive choice for brands focusing on reducing their environmental footprint. - Growth in E-Commerce
The surge in online shopping has driven the demand for robust and lightweight packaging materials. Duplex paper and boards provide the required strength and durability for e-commerce packaging. - Rising Demand for Food Packaging
With the growing food and beverage industry, especially takeout and ready-to-eat meals, duplex boards are widely used for their hygiene, printability, and protective qualities. - Advancements in Printing Technology
Duplex boards are highly compatible with advanced printing techniques, making them a preferred material for high-quality, visually appealing product packaging in industries like cosmetics and electronics. - Cost-Effectiveness and Versatility
Duplex paper and boards are cost-effective compared to other packaging materials while offering versatile applications, from cartons to promotional packaging, driving their adoption across various industries.
Key Takeaways: Duplex Paper and Board Market
- The global duplex paper and board market was valued at USD 3.8 billion between 2019 and 2023, with a steady CAGR of 4.00% during the period.
- The United States market is projected to grow at a modest CAGR of 1.40% through 2034, driven by gradual demand increases.
- The United Kingdom’s strict environmental policies are expected to foster the production of sustainable duplex paper and boards, with a CAGR of 1.30% through 2034.
- Japan is set to witness significant growth, attributed to innovative technologies and efficient production methods, achieving a CAGR of 4.50% by 2034.
- India is poised to lead with a robust CAGR of 5.60% through 2034, driven by its high-volume qualitative and quantitative production lines.
- Coated duplex paper and board products dominate the market, constituting approximately 78.70% of the total segment share.
Competitive Landscape
To keep ahead of the competition, leading industry players are working together by forming partnerships with other businesses. To increase the variety of products they offer, many businesses are also investing in the introduction of new products. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
Key Companies Profiled
- 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.
- Monit Paper and Chemicals Pvt. Ltd.
- Nippon Paper Industries
- Qiongdao Sanshi Paper Co. Ltd.
Recent Developments in the Duplex Paper and Board Market
- Sappi Europe and HP Indigo worked together to draft an agreement in 2019. The agreement stated that HP Indigo will use biodegradable duplex paper and board from Sappi Europe as part of this partnership to use its digital printing capabilities for customization in response to customer requests.
- Genus Paper & Boards Limited stated in 2022 that the company’s new unit’s commercial production of duplex paper successfully started on March 14, 2022, using one of its manufacturing lines.
- Huggies® and Meijer partnered in June 2022 to support families of newborns in intensive care units (NICUs) through Hand to Hold, a national nonprofit that provides NICU parents with individualized care through early intervention mental health assistance in English and Spanish.
- The largest manufacturer of recycled packaging boards in China, Nine Dragons Paper (Holdings), began producing virgin fiber-based carton boards in October 2023 at its mills in Chongqing municipality and Dongguan City, Guangdong province.
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
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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