Coated Recycled Paperboard Market is expected to rise from US$ 7.27 Bn in 2022 | Future Market Insights

Press Release from Future Market Insights

According to Future Market Insights, the value of the  coated recycled paperboard market  is expected to rise from US$ 7.27 Bn in 2022 to US$ 10.5 Bn in 2032, at a CAGR of 4.7%. As more people become concerned about the state of the planet, coated recycled boards are becoming increasingly common.

Customers increasingly favor goods labelled “green,” indicating the rising popularity of eco-friendly packaging options. Owners of brands can benefit from this because it helps them strengthen consumer attachment to their products. The adoption of coated recycled paperboard is expected to rise as a result of this.

Several distinct investable concepts related to the sustainable-packaging agenda emerge against the background of rising demand from both regulators and consumers. The companies operating in the coated recycled paperboard industry are capitalizing on the recent shift towards sustainability. Their key strategies could be categorized into three areas: Improving recyclability, scaling up sustainable solutions, and lowering carbon emissions.

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Paying attention to Packaging Recyclability

This refers to recyclable containers and raw materials, as well as the enabling technology that makes them possible. For instance, there have been many research and development initiatives aimed at creating recyclable, high-barrier mono-materials. Technology that streamlines the packaging’s sorting and subsequent recycling is also a part of the effort to increase its recyclability (such as digital bar codes).

Scaling up of Compostable Packaging

Compostable raw materials and packaging are key components of this trend, which centers on the utilization of renewable resources like fiber and starch. Given the dearth of commercial composting facilities, it could be worthwhile to investigate methods that could facilitate composting programs at the individual or neighborhood level. One difficulty is that coated recycled paperboard has a lack of diverse qualities, limiting its usefulness in many contexts.

Lowering the CO2 Footprint

Companies in the fast-moving consumer goods industry are looking into transitioning to substrates with lower emissions. Those in the coated recycled paperboard industry, who are responsible for a disproportionately large portion of total emissions, are considering more carbon-neutral packaging.

This global movement to minimize greenhouse gas emissions presents an opportunity for technologies or packaging solutions that offer a relatively reduced carbon footprint now or in the future compared with incumbent packaging to stand out from the competition.

Providing consumers with carbon intensity labels might have far-reaching effects on the packaging value chain by forcing a redesign of packaging and encouraging a move toward the use of substrates with a smaller carbon footprint.

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Market Dynamics: 

The most important advantage that the Coated recycled paperboard provides is convenience, ease of use and ease of transport. The coated recycled paperboard is very convenient to use for packaging purpose. Coated Recycled Paperboardcan be easily customized as per the requirements of the customer that uses it for packaging of various goods.

This has increased the popularity of the coated recycled paperboard for the packaging purposes. The other driving factors that are associated with the global coated recycled paperboard market are extended shelf life of the products, eco-friendliness and recycling ability, usage for wide array of products, branding and marketing strategies, rapidly growing e-commerce businesses and so on.

Key Players:

The Key players in the Coated Recycled Paperboard market are as follows:

  • Caraustar
  • Westrock
  • Strathconapaper
  • Graphic Packaging International
  • Pacific Paper
  • Impressions Incorporated
  • Spartan Paperboard
  • Paperworks
  • Smurfit Kappa
  • Sonoco
  • Trim-Pac Inc.
  • Papertec Inc.
  • Cascades
  • White Pigeon
  • The Newark Group

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

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Market Segmentation:

By coating type, the coated recycled paperboard can be classified as follows:

  • Kaolin clay or china clay
  • Calcium carbonate
  • Titanium Dioxide

By application, the coated recycled paperboard can be classified as follows:

  • Soap and laundry detergent packaging
  • Beauty and Personal care
  • Paper goods packaging (facial tissue and napkins)
  • Cereal Cartons
  • Light bulbs
  • Dry foodstuffs
  • Others (Pet food, Bakery, Home and Garden and so on)

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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Companies Mentioned in this Press Release: