Clay-Coated Recycled Boxboard Market Overview
According to a recent survey conducted by ChemView Consulting, the Global Clay Coated Recycled Boxboard Market grew at a CAGR of 4.2% between 2017-2021 and is estimated to be US$ 6,135.4Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 4.9% and is expected to reach a valuation of US$ 9,899.1Mn by 2032 end.
The expansion of the use of sustainable resources is a vital problem that manufacturers and environmentalists around the world heavily influence. Boxboard can be recycled and reused, unlike other metals and plastics. The clay-coated recycled boxboard is thus one of the most economical and environmentally friendly types of packaging.
The growing demand for rigid paper-based packaging due to consumers’ heightened awareness of the negative environmental effects of plastic is another factor driving the global market for clay-coated recycled boxboard. Because of growing consumer awareness and more stringent rules on plastic use, consumers are expected to prefer paper packaging. Over the projection period, it is anticipated that the market for clay-coated recycled boxboard will expand due to several countries’ bans on lightweight plastic bags.
ChemView Consulting has analyzed that one important topic that manufacturers and environmentalists heavily occupy throughout the world is expanding the application of sustainable resources. For instance, they encourage biodegradable packaging materials among multinational cereal businesses and international merchants like Kellogg’s, Quaker, etc., such as clay-coated recycled boxboard.
In packaging dry food, pet food, laundry detergents, and medications, clay-coated recycled boxboard (CRB) is used. The fact that CRB is both affordable and fully recyclable makes it a top choice among package converters. This boxboard is regarded as the best choice for packaging that needs to be lightweight, protect against damage, and have an excellent printed surface.
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Segments Covered in Report
- CBR (Clay Coated Board Recycled)
- CBO (Clay Coated Recycled Multi-ply)
- Food & Beverages Packaging
- Pharmaceuticals Packaging
- Cosmetics, Personal Care & Homecare Packaging
- Automotive Parts Packaging
- Electrical & Electronics Packaging
- Apparel & Footwear Packaging
- Others (Printing & Publishing, Transportation & Logistics, etc.)
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Key Takeaways from the Clay-Coated Recycled Boxboard Market
- Based on the material, in packaging dry food, pet food, laundry detergents, and medications, a clay-coated recycled boxboard (CRB) is used. The fact that CRB is both affordable and fully recyclable makes it a top choice among package converters. This boxboard is regarded as the best choice for packaging that needs to be lightweight, protect against damage, and have an excellent printed surface.
- Based on the region, Asia-Pacific is predicted to have profitable growth during the forecast period, with a market share of 52.4%, thanks to the region’s supportive government policies and increased awareness of the negative environmental effects of plastic.
Key companies covered in the market study are International Paper Company, Smurfit Kappa, WestRock, GreenPaper, Paperworks Industries Inc., Netpak, Greif, GreenPaper, Strathcona Paper LP, TPC Group Co. Ltd., Spartan Paperboard Company
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Report Key Highlights and Coverage
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
- Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impact market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
About ChemView Consulting
ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have collaborated with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.
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