Clay Coated Recycled Boxboard Market Size Analysis
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 clay-coated recycled boxboard is a thin, transparent plastic film that adheres to objects and to itself and is used to wrap food in containers. It is also referred to as plastic wrap, food wrap, saran wrap, and stretch film. High-quality food wrap films made of clay-coated recycled boxboards preserve food’s freshness, shield it from bugs and microbial contamination, and lower the likelihood of food waste by increasing its shelf life.
GROWING PREFERENCE FOR SUSTAINABLE PACKAGING SOLUTIONS AMONG RETAILERS AND FOOD PROCESSORS TO SHAPE THE MARKET
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.
To lessen their influence on the environment, these businesses collaborate with multi-stakeholder organizations like the Environmental Defense Fund and WWF. Such international regulatory bodies advocate for the necessary sustainable changes in packaging materials, placing special emphasis on using paper-based packaging goods like clay coated recycled boxboard to lessen the manufacturers’ overhead costs while reducing the impact on the environment.
THE STRONG COMPETITION BY VARIOUS ALTERNATIVE PACKAGING SOLUTIONS WILL PROVE TO BE A DEMERIT FOR THE CLAY-COATED RECYCLED BOXBOARD MARKET
The market for clay-coated recycled boxboard will face obstacles due to the high price of the product and the high maintenance and installation requirements. Clay-coated recycled boxboard will suffer from the intense competition from numerous alternative packaging options such as solid bleached sulfate, coated unbleached kraft, and non-bending chipboard. As a result, this will hinder the market’s expansion rate for clay-coated recycled boxboard.
FAVORABLE REGULATORY INITIATIVES
In the projected period of 2023 to 2032, the numerous worldwide regulatory organisations’ expanding advocacy efforts for the necessary sustainable modifications in packaging materials will provide lucrative prospects to market participants. These rules favour paper-based packaging materials like clay-coated recycled boxboard even more, which accelerates the market’s expansion overall.
Market Segments Covered in Report
By Region and Country:
What is the significance of CBR (Clay Coated Board Recycled)?
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.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
The market for clay-coated recycled boxboards is dispersed globally.
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Material, End-Use, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|
Market Size Data
Value Chain Analysis
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific
Why Choose CVC Market Research?;
In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 4.9%.
Growing preference for sustainable packaging solutions among retailers and food processors to shape the market.
Major global Clay Coated Recycled Boxboard Market players are International Paper Company, Smurfit Kappa, WestRock, GreenPaper, Paperworks Industries Inc., Netpak, Greif, GreenPaper, Strathcona Paper LP, TPC Group Co. Ltd., Spartan Paperboard Company.
The strong competition by various alternative packaging solutions will prove to be a demerit for the clay-coated recycled boxboard market.
Asia Pacific Region is expected to account for the largest market revenue share in the Global Clay Coated Recycled Boxboard market.
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