Global Coated Duplex Board Market - 2023-2030

Market Overview

The Global Coated Duplex Board Market reached US$ 1.1 billion in 2022 and is expected to reach US$ 2.3 billion by 2030, growing with a CAGR of 10.5% during the forecast period 2023-2030. The global coated duplex board market has witnessed steady growth over the years. Factors driving this growth include the increasing demand for packaging materials, particularly in sectors such as food and beverages, consumer goods and e-commerce. The market size is influenced by factors such as economic conditions, industry trends and regional consumption patterns.

Germany has industry associations such as the German Packaging Institute (Deutsches Verpackungsinstitut - dvi) and the Association of the German Paper Industry (Verband Deutscher Papierfabriken - VDP), which provide support, knowledge sharing and advocacy for the paper and packaging sector. These associations play a role in fostering industry growth and promoting the use of coated duplex board.

Additionally, Germany has been at the forefront of sustainable practices and environmental regulations. German manufacturers in the paper and packaging industry have been proactive in adopting sustainable production methods, including the use of recycled fibers and eco-friendly coatings, to meet the growing demand for environmentally friendly packaging solutions. Therefore, Germany has witnessed a surge in demand for semiconductors and chips and it accounted for more than 1/3rd of the regional shares.

Market Dynamics

E-commerce Growth

E-commerce businesses often offer personalized or customized products to cater to individual customer preferences. Coated duplex board allows for easy customization through printing, enabling companies to personalize packaging materials with customer names, messages or unique designs.

The rapid growth of the e-commerce industry is a significant driver for the coated duplex board market. As more consumers shop online, the demand for secure and visually appealing packaging materials increases. Coated duplex board is well-suited for e-commerce packaging, providing protection to products during transit and offering opportunities for branding and customization. Therefore, the growth of e-commerce has driven the demand for coated duplex board as a preferred packaging material due to its protective properties, branding opportunities, customization options and sustainability advantages.

Printing and Advertising Applications

With increasing environmental awareness, the demand for sustainable printing and advertising solutions has grown. Coated duplex board, being recyclable and made from renewable resources, aligns with sustainability goals. Manufacturers have been working on developing eco-friendly coatings and improving the recyclability of coated duplex board. This includes the use of water-based coatings and environmentally friendly printing processes to minimize the environmental impact.

Additionally, certifications such as Forest Stewardship Council (FSC) and Sustainable Forestry Initiative (SFI) ensure responsible sourcing of raw materials for coated duplex board production. Developments in printing and advertising applications, such as advancements in printing technologies, interactive designs, personalization and sustainability initiatives, contribute to the growth of the global coated duplex board market.

Presence of Alternatives

Cost is a significant factor in material selection. If alternative materials offer comparable performance at a lower cost, businesses may opt for those alternatives. Coated duplex board may face challenges in price competitiveness, particularly in cost-sensitive industries or markets. Growing environmental consciousness and regulations have increased the demand for sustainable packaging solutions.

While coated duplex board is recyclable and made from renewable resources, alternative materials with perceived better sustainability credentials, such as bio-based or compostable materials, may gain traction. This can impact the growth of coated duplex board in sustainability-driven markets.

COVID-19 Impact Analysis

The pandemic led to changes in consumer behavior, including a shift towards e-commerce and online shopping. This change increased the demand for packaging materials, including coated duplex board, to support the surge in online orders and deliveries.

The printing and advertising sectors, which are key end-users of coated duplex board, were significantly affected by the pandemic. Many businesses reduced their marketing budgets and postponed advertising campaigns, impacting the demand for printed materials. The temporary closure of retail stores, exhibitions and trade shows also impacted the demand for point-of-purchase displays made from coated duplex board.

Segment Analysis

The global coated duplex board market is segmented based on type, thickness, end-user and region.

Coated Duplex Board's Role in Enhancing Packaging Aesthetics for Personal Care and Cosmetics

Personal care and cosmetics brands heavily rely on packaging aesthetics and branding to attract consumers and create a sense of luxury and desirability. Coated duplex board is frequently used for packaging beauty and skincare products, including boxes for perfume, lotion, creams and makeup items. The smooth surface of coated duplex board allows for high-quality printing of intricate designs, embossing and foil stamping, enabling brands to create visually striking packaging that reflects their brand image and entices customers. Therefore, personal care & cosmetics end-user is contributing to a significant role in the growth of the global coated duplex market and is expected to grow at a decent CAGR during the forecast period.

Geographical Analysis

Unmatched Manufacturing Prowess and Market Leadership Leads to China's Dominance in the Region

China possesses a vast manufacturing capacity, allowing for the production of a substantial volume of coated duplex board. The country's advanced production facilities and infrastructure enable efficient manufacturing processes and economies of scale. China's large-scale production capabilities ensure a stable supply of coated duplex board to meet both domestic and international demand.

Its manufacturing capacity, expanding packaging industry, robust export market, e-commerce boom and focus on sustainable packaging all play a crucial role in driving growth and meeting the demand for coated duplex board, both domestically and internationally. Therefore, China accounts for more than half of the regional shares and is expected to dominate the regional market by a significant margin.

Competitive Landscape

The major global players include: Nine Dragons Paper Group, Venkraft Paper Mills Private Limited, West Coast Paper Mills, Mayr-Melnhof Karton AG, Graphic Packaging International, LLC, Kartonfabrik Buchmann GmbH, Zhejiang Chunsheng Paper Co., Ltd., Fiskeby Board AB, Elliott Baxter, and Pulp Mill Holding.

Why Purchase the Report?

• To visualize the global coated duplex board market segmentation based on type, thickness, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of coated duplex board market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global coated duplex board market report would provide approximately 61 tables, 62 figures and 192 pages.

Thickness 2023

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