North America holds more than 30% of the market share due to excessive demand for food packaging and personal care products. The Asia-Pacific is expected to grow at the fastest pace in the duplex paper and board market with growing inclination of the millennials towards packaged foodstuff.
NEWARK, DE / ACCESSWIRE / October 11, 2022 / The global duplex paper and board market stands at US$ 4.41 Bn and is expected to reach US$ 5.81 Bn at a CAGR of 2.8% between 2022 and 2032.
Duplex paper and board are being used for producing folded carton boxes as well as cardboard layers to cater to end-use applications in food and beverages, personal care, pharmaceuticals verticals. The key market participants are focusing on recycling of fibers, which contributes towards reduction in carbon footprint, thereby helping in striking the ecological balance.
Biodegradable packaging is an ongoing trend, which is expected to bolster the duplex paper and board market going forward.
At the same time, the fact that recycled duplex paper is less durable as compared to its counterparts can't be ignored. This factor acts as a restraint to duplex paper and board market.
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The market participants are trying application of binding agents while manufacturing recycled materials, which is slated to enhance strength of product. This could turn the tide in favor of duplex paper and board market in the years to come.
Coated duplex board comes across as a type of paperboard having a glossy coated surface on one side with two layers to facilitate better printing. These happen to be water-resistant, thin, and strong boxes that suffice the pharmaceuticals vertical along with addressing food packaging, shoe packaging, cigarette packs, paper plates, and various other packaging products needing printability of the highest quality.
Coated duplex board is asked for in the wake of demand for biodegradable and eco-friendly packaging. Ban on plastic packaging is there to add. Future Market Insights has walked through these facts with future prospects in its latest market study entitled "Duplex Paper and Board Market".
Key Takeaways from the Duplex Paper and Board Market
- By end-user, food & beverages hold the largest market share, followed by pharmaceuticals, homecare, chemicals, personal care & cosmetics, and likewise.
- North America holds more than 30% of the market share due to excessive demand for food packaging and personal care products.
- The Asia-Pacific is expected to grow at the fastest pace in the duplex paper and board market with growing inclination of the millennials towards packaged foodstuff.
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"With rapid urbanization sweeping the emerging economies of the Asia-Pacific, the global duplex paper and board market is bound to grow impertinently in the forecast period", says an analyst from Future Market Insights.
Competitive Snapshot
- Meijer and Huggies, in June 2022, have collaborated for helping NICU (Neonatal Intensive Care Unit) families through a nationwide non-profit organization offering the parents concerned with customized care. Assistance ought to be provided in Spanish as well as English. The organization is known as "Hand to Hold".
- HP Indigo inked an agreement with Sappi Europe in October 2019, as per which the former started deploying the digital printing capabilities on the latter's biodegradable duplex paper and board to enable personalization as per consumers' demands.
- It's a known fact that biodegradable plastic ends up emitting lesser quantity of GHG (greenhouse gases). Lean Orb is one such biodegradable food packaging firm based out of the US. It is into providing disposable catering supplies that are made from grass fibers, plant roots, and wood. Moreover, the packaging products do biodegrade within 90-180 days, thereby letting food retailers and manufacturers exercise control over waste on-site.
- Arekapak is known for compostable packaging. The biodegradable packaging rendered does produce less carbon as compared to plastic packaging. These packing materials exercise limit over quantity of the garbage sent to landfills by conversion into compost. Arekapak, true to its name, makes use of areca palm leaves to table environmentally-friendly packaging. It degrades within 60 days.
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What does the Report Cover?
- Future Market Insights offers an exclusive perspective and various real-time insights on the duplex paper and board market in its latest study, presenting historical demand assessment of 2016 - 2021 and projections for 2022 - 2032.
- The research study is based on type (duplex paper (high-weight coated and light-weight coated) and board (white board and Kraft Board)), by thickness (up to 200 gsm, 201-300 gsm, 301-400 gsm, and above 400 gsm), and by end-use industry (healthcare & pharmaceuticals, chemicals, food & beverages, homecare, personal care & cosmetics, and likewise).
Key Segments Profiled In The Duplex Paper And Board Industry Survey
Duplex Paper and Board Market by Type:
- Duplex Paper
- High-weight coated
- Light-weight coated
- Board
- White Board
- Kraft Board
Duplex Paper and Board Market by Thickness:
- Up to 200 gsm
- 201-300 gsm
- 301-400 gsm
- Above 400 gsm
Duplex Paper and Board Market by End Use Industry:
- Healthcare & Pharmaceuticals
- Chemicals
- Food & Beverages
- Homecare
- Personal care & Cosmetics
- Others
Duplex Paper and Board Market by Region:
- North America Duplex Paper and Board Market
- Latin America Duplex Paper and Board Market
- Europe Duplex Paper and Board Market
- Asia Pacific Duplex Paper and Board Market
- Middle East & Africa Duplex Paper and Board Market
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
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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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