Duplex Paper and Board Market

Duplex Paper and Board Market Outlook from 2024 to 2034

The duplex and paper board market is set to develop at a CAGR of 2.70% from 2024 to 2034. The market size could surge from USD 5.9 billion in 2024 to USD 7.7 billion by 2034.

Food and Pharmaceutical Industries’ Huge Requirements is Pushing the Growth of the Duplex Paper and Board Market

• Duplex paper and board are used to make cardboard layers and folded carton boxes for a number of end-use applications. Preference for the duplex board is surging since it has a shiny coated surface on a single side for enhanced printability.
• The rise of industrialization, urbanization, increase in demand for eco-friendly and bio-degradable packaging, and the use of eCommerce for sales are the key factors responsible for the expansion of the duplex paper and board market.
• The growth of the food and pharmaceutical industry has subsequently developed the duplex board market as it is used in the production of medicinal packaging, clothing boxes, paper plates, cups as well as cigarette packs.
• Increased disposable incomes and shifting consumer lifestyles coupled with the demand for coated duplex panels are on the way to fuel market growth.

Attribute	Details
Market Size Value in 2024	USD 5.9 billion
Market Forecast Value by 2034	USD 7.7 billion
Value-based CAGR (2024 to 2034)	2.70%
Forecast Period	2024 to 2034

Driving Factors of the Duplex Paper and Board Market

• Coated duplex panels are used to package frozen or cold food items like ice creams, cakes, and instant meals. The rise in preference for ready-to-cook and prepared instantaneous meals is a reason for the growth of the duplex paper and board market.
• The need for environmentally friendly packaging options and goods has been a booster for the duplex paper and board market as it constitutes most of its use cases.
• Due to the duplex paper and board market’s products being stiff, printable, and environmentally friendly, they have seen a major growth in application in industrial and consumer items. Market players are focused on providing standard as well as eco-complaint products to capture their market share.
• Rapid industrialization and an increase in investment by overseas companies for the construction of manufacturing facilities and production houses have elevated the duplex paper and board market.

Historical vs Future Duplex Paper and Board Market Outlook

The market valuation was pegged at USD 3.8 billion between 2019 and 2023 after clocking a steady 4.00% CAGR. For a variety of end uses, duplex paper and board are utilized to create cardboard layers and folded carton boxes.

Due to its use in packaging applications in the food and beverage industry, personal care, pharmaceutical, and other industries, duplex paper and board saw a major growth in demand during the historical period.

Category	Historical Period from 2019 to 2023
Market Valuation at the End of the Period	USD 3.8 billion
CAGR	4.00%
Key Trend	Attractive form of packaging due to its low price and thick nature
Growth Factor	Rapid urbanization and industrialization are major factors for growth

The future presents a growth pace that is on par with the industry's expectations. The market is poised to progress at a CAGR of 4.20% between 2024 and 2034 hitting a market cap of USD 4.0 billion. Sales of duplex paper and board are largely dependent on how widely they are used for product packaging across numerous industries, which fuels ongoing competition amongst major rivals to provide innovative packaging options for their consumers.

In addition, the duplex board's excellent surface quality combined with its aesthetic qualities are going to make it a superior option that looks good and prints well.

Category	Forecast Period from 2019 to 2023
Market Valuation at the End of the Period	USD 4.0 billion
CAGR	4.20%
Key Trends	The fast food and beverage industry is seeing an expansion, which is fuelling the trend of using disposable packaging.
Growth Factors	Rising demand for environmentally friendly and biodegradable packaging

Segmentation

Segment	Market Share in 2024
Board Type - White Back Duplex Board	45.30%
Coating Type - Coated	78.70%

Popularity of White Back Duplex Boards have made it the Segment Leader

Raw materials play a major part in the duplex paper and board market. Conversion of these materials into marketable products and their distribution is the determinant of the market’s success or failure. The white-back duplex board constitutes a major part of the market because of its popularity and widespread use, as well as growing demand.

White back duplex board is made with white interior and exterior layers. It is coated with bright white pigments and has a glossy appearance and features best-in-class printability. The rise in the scope of eCommerce, online services, and food deliveries has contributed to the growth of this segment.

The Long-lasting Properties of Coated Duplex and Board Products Turn it into a Market Favorite

Duplex paper and board products, which are coated, constitute about 78.70% of the total segment share. The coating of the materials is kept even throughout the product to ensure that quality and standards are maintained. Coated products are durable and water and dust-resistant, which makes them easier to store, transport, and use.

Consumers of these products are also looking for eco-friendly options which has steered market players to use coating types that adhere to environmental regulations.

Country-wise Insights

Countries	Forecasted CAGR (2024 to 2034)
United States	1.40%
United Kingdom	1.30%
Japan	4.50%
China	4.30%
India	5.60%

The Food and Beverage Use Cases have led to the Duplex Paper and Board Market Growth in the United States

The duplex paper and board market in the United States is en route to achieving a forecasted CAGR of 1.40% through the year 2034.

The mass consumption of fast food and food products automatically leads to a rise in the demand for packaging products, which is the main end-product of the duplex paper and board market. The United States population prefers ready-to-cook fast food and desserts, which is leading to the rise in demand for the market.

Food could probably continue to be the primary end-user of folding cartons in the United States duplex paper and board market, which simultaneously dominates the duplex paper and board industry.

United Kingdom’s Eco-friendly Approach Leads to the Sales of Sustainable Duplex Paper and Boards

United Kingdom’s stringent environmental policies could led to the production of sustainable duplex paper and boards at a forecasted CAGR of 1.30% through 2034.

Significant market expansion is anticipated in the United Kingdom due to the high demand for paperboard from the manufacturing and packaging sectors and strict government laws demanding the use of eco-friendly equipment for packaging-related operations.

The eCommerce sector has enabled the delivery of duplex paper and board market products to the masses with customization while keeping in mind customer preference. This has led to the penetration of the duplex paper and board market into the mainstream and remote markets of the United Kingdom.

Innovation and Advancement of Technology in Japan Caused the Rise of the Duplex Paper and Board Market

Constant innovative technologies and efficient ideas are marking the rise of the market in Japan to inflate at a CAGR of 4.50% through 2034.

The market in Japan is seeing a rise in the production of innovative products and services, which has increased the production of duplex paper and boards. Japan also has a rising product demand from multiple industries related to the duplex paper and board market, like electronics, automotive, packaging, construction, and printing industries. This has led to a rapid expansion of the production and supply of duplex paper and board products, thereby expanding the market.

India’s Duplex and Paper Market is Projected to Grow Riding on the Increasing Demand for Toys

The duplex paper and board market in India is on its way to bagging a CAGR of 5.60% through 2034 due to mass qualitative and quantitative production lines.

India is a growing economy and an emerging market for toy and children-centric products. One of the key factors propelling the growth of the duplex board market in India is the expanding demand from the toy sector for coated duplex panels.

The market in India is attractive for fast-moving, durable, and easily available goods. Mass production of goods in this market is a norm due to the enormous requirement and time-bound replacement of products. The duplex paper and board market offers both, which is why it is growing in the country.

Competitive Landscape

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

Some of the prominent market players who are vying with each other are Box Packing Solutions, Knam Marketing Pvt Ltd, Tekopapergroup, SCG Packaging, The West Coast Paper Mills Ltd. , Emami Paper Mills Ltd., Millennium Overseas and Mangum Ventures Ltd. These companies are expected to dominate the space in the coming years.

Recent Developments in the Duplex Paper and Board Market

• Sappi Europe and HP Indigo worked together to draft an agreement in 2019. The agreement stated that HP Indigo will use biodegradable duplex paper and board from Sappi Europe as part of this partnership to use its digital printing capabilities for customization in response to customer requests.
• Genus Paper & Boards Limited stated in 2022 that the company's new unit's commercial production of duplex paper successfully started on March 14, 2022, using one of its manufacturing lines.
• Huggies® and Meijer partnered in June 2022 to support families of newborns in intensive care units (NICUs) through Hand to Hold, a national nonprofit that provides NICU parents with individualized care through early intervention mental health assistance in English and Spanish.
• The largest manufacturer of recycled packaging boards in China, Nine Dragons Paper (Holdings), began producing virgin fiber-based carton boards in October 2023 at its mills in Chongqing municipality and Dongguan City, Guangdong province.

Key Companies Profiled

• Kimberly-Clark Corp.
• Stora Enso Oyj
• International Paper Company
• The West Coast Paper Mills Ltd. (SKG)
• Mangum Ventures Ltd.
• El-Salam Paper Mills
• Sappi Ltd
• Emami Paper Mills Ltd.
• Millennium Overseas
• Hangzhou Gerson Paper Co. Ltd.
• JK Paper Ltd.
• Monit Paper and Chemicals Pvt. Ltd.
• Nippon Paper Industries
• Qiongdao Sanshi Paper Co. Ltd.

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
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

Frequently Asked Questions

What is the Anticipated Growth Rate of the Duplex Paper and Board Market until 2034?

FMI projects the market to expand at a 2.70% CAGR through 2034.

What is the Market Value of Duplex Paper and Board as of 2024?

The duplex paper and board market is valued at USD 5.9 billion in 2024.

What is the Estimated Market Value of Duplex Paper and Board by 2034?

The duplex paper and board market is expected to garner a market value of USD 7.7 billion by 2034.

Which Country is Forecast to be the Most Lucrative for Duplex Paper and Board Market Growth?

India is expected to emerge as lucrative market for duplex paper and board by 2034.