Global Coated Duplex Board Market - 2021-2028
|出版日期||內容資訊||英文 180 Pages
|塗層雙面板的全球市場(2021年∼2028年) Global Coated Duplex Board Market - 2021-2028|
|出版日期: 2021年08月12日||內容資訊: 英文 180 Pages||
Coated Duplex Board Market Overview
The coated duplex board market size was worth US$ XX billion in 2020 and is estimated to reach US$ XX billion by 2028, growing at a CAGR of XX % during the forecast period (2021-2028).
Coated duplex board is a type of paperboard consisting of two layers with one side glossy coated surface for superior printability. These are sturdy, thin, more water-resistant, customarily used in manufacturing boxes for various goods that require high-quality printability, such as pharmaceutical packaging, paper plates, cigarette packs, shoe packaging, food packaging and various packaging products.
There are various categories of coated duplex board papers such as coated duplex board with grey back, white coated duplex board etc., used extensively in the packaging industry. Therefore, the presence of a wide range of coated duplex boards helps organizations in catering to various types of packaging requirements of the clients.
Coated Duplex Board Market Dynamics
The global coated duplex board market growth is driven by demand for eco-friendly packaging solutions and increasing demand for packaging solutions from the e-commerce industry.
Demand for eco-friendly packaging solutions
The demand for eco-friendly packaging solutions from numerous industries is expected to drive the global coated duplex board market. With the rapid development in the counties, there is enormous growth in the paper packaging segment assisted by the gradual ban of plastic packaging by several municipal corporations owing to environmental concerns. In addition, the rising measures of hygiene and the growth in the fast-food & beverages segment have led to a push in the usage of disposable paper cups.
The manufacturers are focusing on increasing the production capacity with innovation in the product. The increase in demand for high-end standard quality cardboard boxes influences the demand for coated duplex boards. It is due to its printability with a smooth and clear surface that provides an attractive look. Packaging companies are shifting towards eco-friendly and biodegradable solutions provided by paper packaging products. The increased e-commerce industry is anticipated to drive the coated duplex board market.
Presence of alternatives
The coated duplex board market is impacted by the presence of alternatives. The market offers various types of products for the same set of applications, such as Solid Bleached Sulfate (SBS), Folding Boxboard GC1, GC2, RC, Natural Kraft Cupstock, PET Board (Polyethylene-Terephthalate), Coated Unbleached Kraft and others.
The packaging market has been full of easily available cheaper products, which is one of the major reasons for restraining the market growth. Moreover, plastic packaging is still preferred by various manufacturers because it is much cheaper than paper products, offering more profitability with high durability and easy manufacturing process.
COVID-19 Impact Analysis
Due to the pandemic, stakeholders across the coated duplex board industry have seen a notable impact as all the production work, factories and other activities were closed. As a result, production was hindered by halts and supply chain disruption globally. After the pandemic, the governments still impose various restrictions, such as working with half the workforce and fewer operating hours hindering the production cycle of the market. Moreover, the imposed ban on plastic packaging in various European and North American counties has been temporarily withdrawn, which has disrupted the coated duplex board demand.
As a result, the losses are incorporated with less demand from food & beverages, cosmetics and associated industries. However, the market is expected to recover after the pandemic, with sectors aiming to work with higher production rates to recover from the incorporated losses.
Coated Duplex Board Market Segment Analysis
By application, the coated duplex board market is broadly classified into food & beverages, pharmaceutical, consumer electronics, cosmetics and others.
The food & beverages market is expected to grow at the fastest CAGR during the forecast period (2021-2028)
The food & beverage are expected to hold the largest market for coated duplex board market and are expected to continue their dominance in the forecast period. The coated duplex board are ideal for packaging variety of food & beverages items including, ice cream packaging box, cookie packaging box, cake boxes, fast food packaging box, beverage carriers and more with quality printability. The use of coated duplex board is preferred due to its lightweight, recyclable nature, low costs, and superior packaging of products.
Moreover, the demand for eco-friendly disposable plates and cups boosts the market for the coated duplex board. The increasing home deliveries from restaurants and fast-food stores have given rise to the utilization of disposable cutlery and drinkware products in the region. Consumers prefer single-use cups and containers to serve food & beverages, and the general public is preferring disposable items for a safer and hygienic option.
Coated Duplex Board Market Geographical Analysis
Asia Pacific region holds the largest market for the global coated duplex board globally
Asia Pacific region holds the largest market share for the coated duplex board market globally and is expected to continue its dominance in the forecast period. The rising demand for eco-friendly packaging in emerging economies such as India and China are boosting the market. The coated duplex boards are widely used for numerous applications such as manufacturing disposable table-top products and packaging ranging from food, cosmetics to shoes.
The leading companies in the region are continuously engaged in strengthening the market demand amidst great opportunities. For instance, in 2021- China's Hubei Huiqiang Paper Supply Co., Ltd. is planning to install a new 300,000 tons/yr grayback coated duplex board at its mill in Jingzhou city, Hubei province. In 2021- Fastmarkets RISI has proposed to amend the price assessment for China Grayback Coated Duplex Board in PPI Asia.
In 2018- Krishna Tissues Pvt. Ltd., the leading manufacturer for the duplex paper board in India for has now put up its second manufacturing unit in West Bengal. Unit - 1 of the company produces Coated Duplex Board with a production capacity of 1,25,000 MTPA of grey and white back coated duplex Board ranging from 180 to 430 with a machine deckle of 3.25 meters.
Coated Duplex Board Competitive Landscape
The coated duplex board market is highly competitive with the local player's presence, followed by the global companies, contributing to the major share in the market growth. In addition, some of the key players contributing to the growth of the market are Nine Dragons Paper Group, Venkraft Paper Mills Private Limited, Pt Fajar Surya Wisesa Tbk, Mayr-Melnhof Karton AG, Graphic Packaging International, LLC, Kartonfabrik Buchmann GmbH, Zhejiang Chunsheng Paper Co., Ltd., Fiskeby Board AB, Elliott Baxter, Pulp Mill Holding and others. The major players are adopting various new strategies to dominate the market, such as product launches, expansions, acquisitions and collaborations, contributing to the growth of the Graphene battery market globally.
Nanotech Energy, Inc.
Overview: Nine Dragons Paper Limited is a public paper manufacturing company in Mainland China, engaged in manufacturing containerboard products, including duplex board, liner board, and pulp.
Product Portfolio: The Company's wide range of product portfolio includes various types of containerboard products, high-performance corrugated box products, printing and writing paper and insulating paper.
Key Development: In 2019- Nine Dragons Paper Ltd, has planned to set up a manufacturing unit near Paradip, Odisha, to open its first facility in India.
The global coated duplex board market report would provide access to an approx: 61 market data table, 58 figures and 212 pages.
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