Key Players and Competitive Strategies in the Clay Coated Recycled...

Key Players and Competitive Strategies in the Clay Coated Recycled Boxboard Market by 2030

Posted 2023-11-22 10:50:26

With a healthy projected Compound Annual Growth Rate (CAGR) of 4.7% during the forecast period from 2022 to 2030, the clay coated recycled boxboard Industry is expected to attain a market value of US$ 10.5 billion by the year 2030.

As North America and Europe approach saturation in the clay-coated recycled boxboard market, the Asia-Pacific region, particularly East Asia, emerges as a promising frontier for significant growth. Notably, countries like India and China have taken proactive measures by imposing bans on plastics, propelling a paradigm shift towards sustainable packaging solutions. This move is expected to catalyze robust growth in the Asia-Pacific region, positioning it as a key player in the forecast period. The increasing environmental awareness and regulatory interventions in these Asian countries contribute to a fertile ground for the expansion of the clay-coated recycled boxboard market. As the West grapples with saturation, the East, driven by sustainability imperatives, is poised to make substantial strides, reshaping the dynamics of the industry on a global scale.

“Advancements in digital printing are encouraging brands to reach a wider audience base, thus, creating remunerative growth opportunities for clay coated recycled boxboard manufacturers. Leading manufacturers are collaborating with local distributors in order to provide customized solutions to end-use customers.”

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Key Takeaways of Clay Coated Recycled Boxboard Industry Study

Clay coated recycled boxboard Industry revenue will expand around 1.5X over 2020-2030, attributable to rising adoption of products such as cereal boxes that require graphic printing for enhanced brand reputation.
Around half of clay coated recycled boxboard Industry revenue would be realized by food and beverage packaging applications, owing to increasing demand from the snack packaging industry. Clay coated recycled boxboard also finds application in consumer goods such as footwear and apparel, and the trend will follow a positive curve in the coming years. Moreover, pharmaceutical packaging applications are reflecting potential growth avenues for clay coated recycled boxboard manufacturers.
East Asia accounts for nearly a quarter of the global clay coated recycled boxboard Industry, majorly represented by China. Rising health awareness and high demand for pharmaceutical, beauty, and personal care products are fueling the regional market.
Clay coated recycled boxboard offers high moisture absorption, lower weight resistance, and better printing quality output as compared to SUK and folding boxboard.
Key players in the clay coated recycled boxboard Industry are embracing inorganic expansion strategies such as acquisitions to satiate the demand from wider geographies, whereas, small and medium businesses (SMBs) are strengthening their supply chains to sustain in the market landscape.

The Key Players Are:

International Paper Company
Smurfit Kappa
WestRock
GreenPaper
Paperworks Industries Inc.
Netpak
Greif
GreenPaper
others

Market Drivers-

1. Sustainability and Environmental Concerns: The growing emphasis on sustainability has led to increased demand for clay coated recycled boxboard as it is made from recycled materials and is recyclable itself, reducing the environmental footprint.

2. Regulatory Compliance: Strict regulations related to packaging materials and environmental standards are driving the adoption of CRB, as it often meets these compliance requirements.

Growth and Trends-

The Clay Coated Recycled Boxboard Industry has experienced robust growth in recent years, driven by the increasing global awareness of environmental concerns. Several key trends are shaping the market’s development:

E-Commerce Boom: With the rise of e-commerce, demand for sustainable packaging solutions like CCRB has surged, as businesses strive to meet consumer expectations for eco-friendly practices.
Regulatory Support: Governments worldwide are implementing stricter regulations and incentives to promote sustainable packaging practices, propelling the adoption of CCRB.

Key Segmentations-

by Material :