Coated Duplex Board Market Overview
The Global Coated Duplex Board Market reached USD 1.1 billion in 2022 and is expected to reach USD 2.3 billion by 2031, growing with a CAGR of 10.5% during the forecast period 2024-2031. With increased environmental awareness, there is a growing demand for sustainable packaging solutions. Coated duplex board, being recyclable and eco-friendly, is favored by companies and consumers aiming to reduce their environmental impact.
The U.S. has a well-established and thriving packaging industry. The demand for coated duplex boards in sectors such as food and beverages, pharmaceuticals and consumer goods drives the growth of the market. The U.S. manufacturers have been continuously innovating to meet the evolving packaging needs of various industries, contributing to market expansion.
The U.S. manufacturers in the paper and packaging industry have been investing in research and development to enhance the quality and performance of coated duplex boards. This includes advancements in coating technologies, surface treatments and printing capabilities, enabling them to offer high-quality products to domestic and global markets. Therefore,the U.S. accounts for more than 3/4th of the regional shares.
Market Scope
| Metrics | Details |
| CAGR | 10.5% |
| Size Available for Years | 2022-2031 |
| Forecast Period | 2024-2031 |
| Data Availability | Value (USD ) |
| Segments Covered | Type, Thickness, End-User and Region |
| Regions Covered | North America, Europe, Asia-Pacific, South America and Middle East & Africa |
| Fastest Growing Region | Asia-Pacific |
| Largest Region | Asia-Pacific |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Equipment Type Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Market Dynamics
E-commerce Growth
E-commerce entails the shipment of products directly to consumers, requiring robust and protective packaging materials. The coated duplex board provides the necessary strength and rigidity to safeguard products during transit. The rise in online shopping has led to a surge in demand for coated duplex boards for packaging purposes.
E-commerce companies strive to create a memorable unboxing experience for customers. The coated duplex board offers an attractive and printable surface, allowing companies to incorporate their branding elements, graphics and product information on the packaging. This enhances the overall customer experience and promotes brand recognition.
For example, many e-commerce companies design their packaging with visually appealing graphics, logos and vibrant colors printed on coated duplex boards. This creates a positive impression when customers receive their orders, strengthening brand loyalty. Therefore, the growth of e-commerce has had a significant impact on the global coated duplex board market.
Printing and Advertising Applications
Coated duplex board is widely used for high-quality printing end-users due to its smooth surface, brightness and ink absorption properties. This allows for sharp and vibrant printing results, making it suitable for various marketing and promotional materials. Coated duplex board is extensively utilized in the production of POP displays, which are strategically placed at retail stores, exhibitions and trade shows to attract attention and drive sales.
Recent developments in POP displays involve the integration of interactive elements and innovative designs. For example, augmented reality (AR) features are being incorporated into coated duplex board displays to provide an immersive and engaging experience for consumers. Additionally, advancements in die-cutting and folding techniques allow for the creation of unique and attention-grabbing display structures.
Presence of Alternatives
The coated duplex board faces competition from various alternative packaging materials such as corrugated board, solid bleached board (SBB), folding cartons, plastics and flexible packaging options. These alternatives may offer different properties, functionalities or cost advantages, leading to the potential substitution of the coated duplex board in certain industries.
Customer preferences and market dynamics can shift towards alternative materials. Factors such as cost, sustainability, convenience and specific end-user requirements can influence the choice of packaging materials. If customers perceive that alternative materials better meet their needs, it can impact the demand for coated duplex boards.
Market Segment Analysis
The global coated duplex board market is segmented based on type, thickness, end-user and region.
Growing Packaging Requirements and Branding and Marketing Drives the End-Use Segmental Growth
The food and beverage industry extensively utilizes coated duplex board for packaging applications. For example, coated duplex board is commonly used for cartons and boxes for cereals, snacks, frozen foods, confectionery items and beverage packaging, including juice boxes and milk cartons. Brands leverage vibrant colors, attractive designs and branding messages on the packaging to capture consumers' attention and communicate product quality and value. Therefore, the food and beverages end-user segment drives the growth of the global market and is accounting for majority of market shares in 2022.
Market Geographical Penetration
A Dominant Manufacturing Hub for Coated Duplex Board Production and Distribution Drives the Growth of the Asia-Pacific Market
Asia-Pacific has established itself as a manufacturing hub, with countries like China, India, Japan and South Korea being major contributors. The region has a robust infrastructure and well-developed supply chains, enabling efficient production and distribution of coated duplex boards. The presence of a strong manufacturing base allows Asia-Pacific to meet both domestic and international demand for coated duplex board products. Therefore, the Asia-Pacific dominates the global coated duplex board market with nearly half of the global market share.
Market Players
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.
COVID-19 Impact on Market
COVID Impact
The pandemic resulted in a decline in overall economic activity, leading to fluctuations in the demand for coated duplex boards. Industries such as retail, hospitality and advertising, which are major consumers of coated duplex board, experienced reduced demand as a result of lockdowns, social distancing measures and lower consumer spending.
The pandemic caused disruptions in global supply chains due to lockdowns, restrictions on movement and temporary closures of manufacturing facilities. This led to challenges in the availability of raw materials, transportation and logistics, affecting the production and distribution of coated duplex board.
Russia- Ukraine War Impact
The war can result in trade restrictions and tariffs imposed by both Russia and Ukraine or by other countries as a response to the conflict. These measures can increase the costs of importing and exporting coated duplex board, affecting the pricing and competitiveness of the product in the European and global markets.
The war may lead to shifts in regional market dynamics, particularly in Europe, as trade relationships and alliances are impacted. Changes in import and export patterns, as well as shifts in demand and supply dynamics, can influence the market for coated duplex board in Europe and globally.
Key Developments
- On April 6, 2023, the first TwinFlo Prime refiner in the world was successfully installed as part of a new mechanical pulping line from Andritz by Dongguan Jianhui Paper Co., Ltd. Owing to improved refining gap adjustment, the newly developed TwinFlo Prime optimizes the pulp flow to each refining zone. As a result, refiner plates last longer and require less maintenance due to decreased wear.
- On February 9, 2021, innovative coated duplex board products with improved printability and surface qualities was introduced by Venkraft Paper Mills. These products address the changing packaging requirements of numerous industries, such as for food and drink, cosmetics and consumer goods.
- In 2019, to improve its position in the coated duplex board market, Nine Dragons Paper Group, a major player in the paper industry, made a number of strategic acquisitions. These include buying mills in the U.S., Canada and Europe, enabling the company to expand internationally and diversify its product line.
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.
Target Audience 2024
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
