Global Coated Duplex Board Market, By Thickness Type (Up to 200 GSM, 201 – 400 GSM, 401 – 600 GSM, Above 600 GSM), Product Type (Kraft Board, White Board), End User (Food and Beverages, Pharmaceuticals, Personal Care and Cosmetics, Home Care Chemical, Other End Use), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights Global Coated Duplex Board Market
Data Bridge Market Research analyses that the coated duplex board market will project a CAGR of 10.9% for the forecast period of 2022-2029.
Coated duplex board is a form of paperboard having two layers and a glossy coated surface on one side for better printing. These are strong, thin, and water-resistant boxes that are commonly used in the manufacture of pharmaceutical packaging, paper plates, cigarette packs, shoe packaging, food packaging, and other packaging products that require high-quality printability. Coated duplex board papers, such as coated duplex board with grey back, white coated duplex board, and others, are widely used in the packaging sector.
The coated duplex board market is primarily driven by the surging demand for eco-friendly and biodegradable packaging. Furthermore, the gradual ban of plastic packaging by government regulatory owing to environmental concerns linked to disposal of plastic waste is expected to cushion the market’s growth rate. In addition, other factors such as rising urbanization as well as industrialization and increase in the growth of e-commerce sector will influence the growth of coated duplex board market. The increase in standards of hygiene and attractive growth in fast food and beverages segment will develop a trend of utilizing disposable packaging formats which will act as another significant driver that will further expand the market’s growth rate is. Also, upsurge in the demand for high end standard quality cardboard boxes will cushion the growth rate of coated duplex board market. Also, changing lifestyle and high disposable income of population will increase the number of events that will further surge the demand for coated duplex board market. Also, the growing strong demand from various end-use industries such as pharmaceutical, farming, FMCG and retail sectors, among others will have a positive impact on the growth rate of coated duplex board market.
Moreover, the rise in research and development activities and emerging new markets will also create the beneficial opportunities for the coated duplex board market growth. Additionally, strategic collaboration among major market players and new product launches are the significant factors that will drive the growth rate of coated duplex board market and further provide lucrative market opportunities in the future.
However, growing environment concern and fluctuating prices of raw materials will hamper the growth rate of coated duplex board market. Impact of COVID-19 on supply chain will pose a major challenge on the growth of coated duplex board market. Also, high cost and presence of other substitutes will impede the coated duplex board market’s growth rate.
This coated duplex board market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on coated duplex board market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Coated Duplex Board Market Scope and Market Size
The coated duplex board market is segmented on the basis of thickness type, product type, and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of thickness type, the coated duplex board market is segmented into up to 200 GSM, 201 – 400 GSM, 401 – 600 GSM, and above 600 GSM.
- On the basis product type, the coated duplex board market is fragmented into kraft board, and white board.
- The end user segment for coated duplex board market includes food and beverages, pharmaceuticals, personal care and cosmetics, home care chemical, and other end use.
Coated Duplex Board Market Country Level Analysis
The coated duplex board market is analysed and market size insights and trends are provided by country, thickness type, product type, and end user as referenced above.
The countries covered in the coated duplex board market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific region is predicted to continue a dominant position in coated duplex board market among other regions worldwide. This is attributable to the rising demand of biodegradable and environment-friendly products in the developing marketplace such as India and China. Europe is expected to grow during the forecast period of 2022-2029 due to the ban on plastic packaging in this region.
The country section of the coated duplex board market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Coated Duplex Board Market Share Analysis
The coated duplex board market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to coated duplex board market.
Some of the major players operating in the coated duplex board market are WestCoast Paper Mills, International Paper., Stora Enso, JK Paper, Murli Industries, Hangzhou Gerson Paper Co.,Ltd, Emami Paper Mills Ltd., Magnum Ventures Ltd. , Monit Paper and Chemicals (P) Ltd., Nine Dragons Worldwide (China) Investment Group Co., Ltd., Fajar Paper, Mayr-Melnhof Karton AG, Graphic Packaging International, LLC, Kartonfabrik Buchmann GmbH, Pulp Mill Holding GmbH, and Fiskeby Board, among others.
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