According to Future Market Insights research, during the projected period, the global coated recycled boxboard market is predicted to reach US$ 44.7 Billion in 2023, and further expand at a CAGR of 4.5% to reach US$ 69.4 Billion by the year 2033. The coated recycled boxboard market is anticipated to bolster with the top 5 companies accounting for around 20 to 25% of the market in 2022.
Based on the coating type, poly coating is projected to remain the leading segment among the manufacturing coated recycled boxboard. The reason behind the same is convenience and superior product protection.
| Attributes | Details |
|---|---|
| Market Size 2023 | US$ 44.7 Billion |
| Market Size 2033 | US$ 69.4 Billion |
| Value CAGR (2023 to 2033) | 4.5% |
| Collective Value Share: Top 3 Countries (2023E) | 35 to 40% |
According to the FMI analysis, the coated recycled boxboard market revenue totaled US$ 42.9 Billion in 2022. With the propelling demand from the various end-users, the global coated recycled boxboard market is projected to reach US$ 69.4 Billion by 2033, accelerating at a CAGR of 4.5% during the forecast period.
The coated recycled boxboard market is estimated to experience a positive growth outlook during the forecast period. A new forecast by FMI anticipates that the coated recycled boxboard sales will rise from 2023 to 2033 and is projected to create an absolute incremental growth opportunity of US$ 26.5 Billion.
The preference given to recycled materials amid environmental concerns has increased the demand for coated recycled boxboard. The coated recycled boxboard market is anticipated to expand 1.6 times the current market value during the forecast period.
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The global coated recycled boxboard market witnessed a CAGR of 4.1% during the historic period with a market value of US$ 42.9 Bn in 2022.
The coated recycled boxboard is generally used for packaging purposes in various end-use industries such as food & beverage, consumer goods, and paper goods packaging. Coated recycled boxboard can have recycled with various materials such as newspaper, boxboard clipping, and old containers. Especially after the pandemic, the preference of the end users has changed a lot. Recyclability and sustainable materials are the focus of the manufacturers. Various innovations and expansions in the product range are being done by the packaging companies to sustain in the drastically changing global market. These innovations are sustainability-oriented and also capture environmental concerns. The recycled boxboard market is also varying its products as per the requirements of the market. Coated recycled boxboard market is driven by its cost-effectiveness and environmental concerns across the globe.
The changing demands from the E-commerce industry after the pandemic are projected to drive the demand for coated recycled boxboards. The surge in hygiene and environment-friendly packaging solutions is accelerating the market. Overall, the global Coated recycled boxboard market is anticipated to bolster at a faster pace during the forecast period.
The main purpose of the packaging industry is not only to protect the product from damage during transportation but also to prevent damage during storage. The coated recycled boxboard is printable which creates a growth opportunity in the market. The coated recycled boxboard market is driven by higher demand from the food and beverage industries and various end-use industries. The coated recycled boxboard provides super integrity and provides outstanding packaging solutions and better packaging line efficiency. The consumer’s preference is more toward coated recycled boxboard due to it being a lightweight and reliable packaging solution.
Recent electronics & electrical industry growth is a significantly driven factor for coated recycled boxboard market. E-commerce boosted coated recycled boxboard market due to higher demand from emerging countries. Many manufacturers are focusing on eco-friendly and sustainable packaging solutions. Many manufacturers are focusing to provide innovative and sustainable packaging solutions. The companies are adding sustainable and recyclable products through a corporate expansion strategy. The sustainable and eco-friendly material along with protective features is attracting end-users to prefer boxboards as its prime solution.
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The covid impact has disturbed the global supply chain and trade as well. The harsh effect of the pandemic resulted in negative sales for the companies. The coated recycled boxboard market faced negative demand from customers. Pessimistic flows in the global market consequence in negative growth graphs and a shrinking market share. Apart from the food and pharmaceutical industries, all the sectors suffered huge losses and the packaging industry was also one of them.
Later, the situation got normalized and the logistics sector resumed its operations after the lifting of legislation. Industries started receiving steady demand at the initial stages and further, the drastically changed consumer perspectives took over the market. Changing perspectives and demands make manufacturers innovate or expand their product portfolio according to the market needs. The coated recycled boxboard market also got steady demand amid a rise in the preference given to eco-friendly products.
Based on the coating type segment, the poly coating segment holds the major portion of the global Coated recycled boxboard market. The targeted segment is projected to hold around 45% of the market share by the end of 2033. The Poly coating type has various better properties that make coated recycled boxboard ideal for packaging such as lightweight, effective printable surface, and high protection for the product.
The food & beverages segment is projected to grow at a CAGR of 4.2 % during the forecast period.
The demand for Beverages drinks are increasing due to changing lifestyle, increasing disposable income are key factors driving the growth of the food & beverages market. Consumption of food & beverages drives directly affects the sales of the coated recycled boxboard market.
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The US is expected to hold around 78% of the North American coated recycled boxboard market by the end of the forecast period.
According to the American Forest & Paper Association (AF&PA), in the US, paper is one of the most widely recycled materials. The recyclability of paper packaging gains traction among the US consumer which drives the demand for a variety of paper & paperboard packaging in the various end-use industries
India’s coated recycled boxboard market is expected to grow CAGR by 4.9% from 2023 to 2033.
India as a growing economy is having substantial growth in the packaging industry. According to the data collected by India Brand Equity Foundation, Packaging consumption in India increased by 200% in the last decade. The huge packaging industry also has scope for a sub-packaging market. The packaging market of folding paperboard boxes is the 2nd largest segment in the packaging market. This sub-market is begging for around 20% of the total Indian packaging market. The huge market share of the paper segment is suggesting opportunities for the coated recycled boxes market to grow. That’s how India as an emerging economy is helping the coated recycled boxboard market to grow.
The various key market players are upgrading their technologies and are developing various packaging solutions for safety aspects. Different companies are following the market trends and producing high-end packaging solutions as per the requirements. Some acquisitions and expansions are being done in order to capture the overall coated recycled boxboard market. Some of these are under-
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.5% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Billion, Volume in Units, and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Coating Type, Application, End Use, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Middle East and Africa (MEA); Oceania |
| Key Countries Covered | The USA, Canada, Mexico, Brazil, Germany, The UK, France, Italy, Spain, Russia, China, Japan, India, GCC countries, Australia |
| Key Companies Profiled | Graphic Packaging International, Inc.; Greif, Inc.; Cascades Inc.; Smurfit Kappa Group plc; Paperworks Industries Inc.; Netpak.; DS Smith plc; Georgia-Pacific Corporation; Klabin SA; Packaging Corporation Of America; Orora Ltd.; Emenac Packaging USA; Caraustar Industries Inc.; Mondi Group plc |
| Customization & Pricing | Available upon Request |
In 2022, the value of the global coated recycled boxboard market was US$ 42.9 Billion.
During the forecast period, the global coated recycled boxboard market is anticipated to expand at a CAGR of 4.5%.
The global coated recycled boxboard market is expected to reach US$ 69.4 Billion by the end of 2033.
During the forecast period, poly coating is likely to be the fastest-growing material segment in the global coated recycled boxboard market.
The changing trend towards eco-friendly & recycled packaging from the various industry after the pandemic is increasing the demand for coated recycled boxboards.
Graphic Packaging International, Inc., Greif, Inc., Cascades Inc., Smurfit Kappa Group plc, DS Smith plc, Georgia-Pacific Corporation, and Mondi Group are the top players supplementing the sales of coated recycled boxboard.
As per the FMI analysis, the Indian coated recycled boxboard market is projected to expand at a CAGR of 4.9% from 2023 to 2033.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Coating Type 6.2. Application 6.3. End Use 7. Global Market Analysis and Forecast, By Coating Type 7.1. Poly 7.2. Clay 7.3. Adhesive 8. Global Market Analysis and Forecast, By Application 8.1. Backing Board 8.2. Boxes & Cartons 8.3. Cores & Tubes 8.4. Displays 8.5. Trays 8.6. Others (Cups, Tubs, etc.) 9. Global Market Analysis and Forecast, By End Use 9.1. Food & Beverages 9.2. Electrical & Electronics 9.3. Personal Care & Cosmetics 9.4. Pharmaceuticals 9.5. Homecare & Toiletries 9.6. Others (Automobiles, etc.) 10. Global Market Analysis and Forecast, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. South Asia 10.5. East Asia 10.6. Middle East & Africa (MEA) 10.7. Oceania 11. North America Sales Analysis and Forecast, by Key Segments and Countries 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries 13. Europe Sales Analysis and Forecast, by Key Segments and Countries 14. South Asia Sales Analysis and Forecast, by Key Segments and Countries 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries 16. Middle East & Africa (MEA) Sales Analysis and Forecast, by Key Segments and Countries 17. Oceania Sales Analysis and Forecast, by Key Segments and Countries 18. Sales Forecast by Coating Type, Application, and End Use for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. Graphic Packaging International, Inc. 20.2. Greif, Inc. 20.3. Cascades Inc. 20.4. Smurfit Kappa Group plc 20.5. Paperworks Industries Inc. 20.6. Netpak. 20.7. DS Smith plc 20.8. Georgia-Pacific Corporation 20.9. Klabin SA 20.10. Packaging Corporation Of America 20.11. Orora Ltd. 20.12. Emenac Packaging USA 20.13. Caraustar Industries Inc. 20.14. Mondi Group plc
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Coated Recycled Boxboard Market
