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.
The market for recycled boxboard with a clay coating is getting saturated in North America and Europe, but the Asia-Pacific area—especially East Asia—looks like a prospective area for big growth. Notably, nations like China and India have acted pro-actively by outlawing plastics, which has sparked a paradigm change in favor of environmentally friendly packaging options. 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-
- 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.
- Regulatory Compliance: Strict regulations related to packaging materials and environmental standards are driving the adoption of CRB, as it often meets these compliance requirements.
- Consumer Awareness: Consumers are increasingly conscious of the environmental impact of packaging. Brands using CRB can leverage this awareness to enhance their eco-friendly image.
- Retail and E-commerce Growth: The rise of e-commerce and online shopping has boosted the need for packaging materials like CRB, which are used for shipping and protecting various products.
- Customization and Printing Quality: CRB can be easily customized and provides excellent printing surfaces. This is a key driver for industries that require attractive packaging, such as cosmetics and food.
- Brand Image Enhancement: High-quality packaging made from CRB can help improve a brand’s image, making products more appealing to consumers.
- Food Packaging Demand: The food and beverage industry is a significant consumer of CRB due to its excellent barrier properties, protecting products from moisture and external contaminants.
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.
- Brand Image Enhancement: Many businesses are choosing CCRB to align their brand image with sustainability, appealing to environmentally conscious consumers.
- Technological Advancements: Ongoing research and innovations have led to the development of improved CCRB variants with enhanced properties, expanding its scope in different industries.
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Key Segmentations-
by Material :
- CBR (Clay Coated Board Recycled)
- CBO (Clay Coated Recycled Multi-ply)
by End-use :
- 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.)
About Clay Coated Recycled Boxboard Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the global clay coated recycled boxboard Industry, analyzing historical demand of 2015-2019 and forecast statistics for 2020-2030. The study offers growth projections of the clay coated recycled boxboard market based on material (clay coated board recycled boxboard (CBR) and Clay coated recycled multi-ply (CBO)), end use (food & beverages packaging, pharmaceuticals packaging, cosmetics, personal care & homecare packaging, automotive parts packaging, electrical & electronics packaging, apparel & footwear packaging, and others (printing & publishing, transportation & logistics, etc.), across various regions.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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