Clay-Coated Recycled Boxboard Market

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.

Market Dynamic

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 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.)

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

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.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

• Asia-Pacific is predicted to have profitable growth during the forecast period, with a market share of 52.4%, thanks to the region’s supportive government policies and increased awareness of the negative environmental effects of plastic.
• In terms of market share and revenue, North America now dominates the clay-coated recycled boxboard market, which is expected to grow throughout the projected period. The market expansion in this area is linked to the region’s increasing emphasis on paper product recycling.

Competition Analysis

The market for clay-coated recycled boxboards is dispersed globally.

A list of some of the key suppliers present in the market are:

• International Paper Company
• Smurfit Kappa
• WestRock
• GreenPaper
• Paperworks Industries Inc.
• Netpak
• Greif
• GreenPaper
• Strathcona Paper LP
• TPC Group Co. Ltd.
• Spartan Paperboard Company

Report Coverage and Highlights

• Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
• Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
• The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
• Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
• Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
• Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
• Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
• Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
• Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
• Strategic market analysis, recommendations, and future headways on crucial winning strategies.