Coated Duplex Board Market – An Overview:
Coated duplex board is manufactured by the state of art technology by using virgin fibers on the upper layer and recycled fiber in the middle to ensure good strength and stiffness to meet the demand of packaging industry. Coated duplex board is used in wide range of application such as manufacturing of boxes, cardboard sheet and other packaging formats. Coated duplex board are used in cup stock board for paper cups and folding box boards for high end packaging segment. Coated duplex board have excellent surface and optical property with good printability and attractive look. The manufacturers of coated duplex board are focusing on innovation and development that helps to increase the application of the coated duplex board. Coated duplex board are mostly manufactured from the recycled fibers. Product such as magazines, stationery items, comics and books are converted from coated duplex board.
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Coated Duplex Board Market – Dynamics:
The demand for coated duplex board market is primarily influenced by the packaging industry, globally. The paper packaging market consist of 1/4th of the overall packaging market share. Increase in need for ecofriendly and biodegradable packaging increase the demand for coated duplex board during the forecast period. Increase in demand from various manufacturing sectors includes FMCG, pharma, agriculture and retail playing a crucial role for the growth of coated duplex board market. The gradual ban of plastic packaging by government regulatory due to environmental concerns related to disposal of plastic waste is expected to influence the demand for coated duplex board. The rise in standards of hygiene and attractive growth in fast food and beverages segment has led to develop a trend of using disposable packaging formats like, cups, plates, bowls, etc. The paper and pulp manufacturers are focusing on increasing the production capacity of with innovation in the product. The increase in demand for high end standard quality cardboard boxes influence the demand for coated duplex board. It is due to its printability with smooth and clear surface that provides attractive look. Packaging companies are shifting towards ecofriendly and biodegradable solution provided by paper packaging product. The increase in demand for e-commerce industry is expected to drive the coated duplex board market during the forecast period. Owing to the consumption of large volume of cardboard boxes for the delivery process. The positive outlook towards the retail industry is also expected to drive the coated duplex board market.
Coated Duplex Board Market: Regional Outlook
The Asia Pacific coated duplex board is poised to grow during the forecast period. It is due to increase in demand for environmental friendly products in emerging economy such as India and China. Europe is also expected to show positive outlook towards coated duplex board market due to the ban on plastic packaging in some countries of Europe region and is expected to create a good opportunity for the coated duplex board manufacturers in Europe.
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Coated Duplex Board Market: Key Players
Some of the leading players operating in the global coated duplex board market are as follows –
- Kimberly-Clark Corp.
- The West Coast Paper Mills Ltd (SKB)
- International Paper Company
- Stora Enso Oyj
- Venkraft Paper Mills Pvt. Ltd.
- Murli Industries
- JK Paper Ltd
- BALKRISHNA PAPER MILLS LTD.
- Emami Paper Mills Ltd.
- Hangzhou Gerson Paper Co.,Ltd
- Magnum Ventures Ltd.
- Monit Paper And Chemicals (P) Ltd.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.