The global coated paper packaging box market is anticipated to reach a value of US$ 13.7 billion in 2022 and grow at a CAGR of 4.5% to reach US$ 21.2 billion by the year 2032, according to research from Future Market Insights. The market share held by the top 5 businesses is predicted to be between 15% and 20% by the end of 2022, with sales of collapsible boxes by box type expected to increase.
According to end use, the coated paper packaging box market is anticipated to continue to be led by the food and beverage segment. The same could be attributed to the rising need for safe, protected, and high-barrier packaging in food & beverages industries.
According to the FMI analysis, the coated paper packaging box market revenue totaled US$ 13.1 Bn in 2021. With the propelling demand from online shopping, the global coated paper packaging box market is projected to reach US$ 21.2 Bn by 2032, accelerating at a CAGR of 4.5% during the forecast period.
The coated paper packaging box market is estimated to experience a positive growth outlook during the forecast period. A new forecast by FMI anticipates that the coated paper packaging box market sales will rise during 2022-2032 and is projected to create an absolute incremental growth opportunity of US$ 8.2 Bn.
The coated paper packaging box market is anticipated to expand 1.6 times the current market value during the forecast period.
Historic Market Outlook for Coated Paper Packaging Box Market
The global coated paper packaging box market witnessed a CAGR of 4.2% during the historic period with a market value of US$ 13.1 Bn in 2021.
Eco-design and sustainable packaging solutions are important while designing products with special consideration for environmental impact. Protection of goods and commodities while transporting is a high priority for manufacturers and industries. Coated paper packaging box gaining the limelight for packaging various products that need to be protected from atmospheric conditions. The coated paper packaging box is used by multiple shipping and logistics companies to transport the products. Coated paper packaging box is basically made from paper having a high barrier coating or lamination to it. Coated paper packaging box can easily replace the other box in the various market. The high-end application of coated paper packaging box in food & beverage, clothing, accessories, consumer electronics, and beauty products. The updating purchasing patterns of consumers and the upgradation of technology has pushed the coated paper packaging box market. Increased online shopping of food, groceries, clothes, accessories, and many things day to things is expected to increase the coated paper packaging box market.
Coated paper packaging box provides a smooth finish and aesthetics to the packaging which is beneficial for attracting consumers by differentiating the packaging and brand making. Coated paper packaging box enables printing for attracting consumers and build brand image. Also, the protection ad security provided by the coated paper packaging box makes it the preferred packaging solution for both manufacturers and consumers. With the changing preferences for sustainable and eco-friendly packaging, the coated paper packaging box is gaining popularity in the packaging world. In food packaging, the coated paper packaging box provides high barrier protection from moisture, oxygen, and heat resistance. Growing environmental concerns over packaging solutions boost the coated paper packaging box market because of its recyclability. Coated paper packaging boxes in expected to grow at a moderate pace during the forecasted period.
How is the Evolution of Technology Affecting the Coated Paper Packaging Box Market?
Nowadays, recyclability has become the most important issue in using plastic as a packaging solution. Paper being the environment-friendly option provides the alternative solution for packaging but with limitations associated with paper packaging. Paper packaging is gaining popularity in the packaging world due to its recyclability and biodegradable nature. Paper packaging proves to be a more versatile and responsible packaging solution for manufacturers and retailers. Coated paper packaging box overcomes the limitations associated with paper packaging.
Paper reinforced with high barrier coating technology improves the properties of paper and provided more clarity and visibility to the packaging. Water-based coatings on the coated paper packaging box improve the performance and barrier properties without hindering the recyclability of the paper. Coated paper packaging box offer an improved water barrier for packaging seafood, fruits, and deep freeze applications such as ice creams, tubs, and frozen food. Coated paper packaging box offers excellent print receptivity to enhance the aesthetics of the products and finds more consumer interest.
Coated paper packaging box helps to improve oil and Greece resistance that can be used for the packaging applications such as disposable takeaway boxes used for restaurants, sweets, and seafood delivery, especially by e-commerce brands. The technological development for coated paper packaging boxes opening the new market tapping that will be raising the growth rates of the coated paper packaging box market.
Which Box Type segment is estimated to remain the leading segment in the Global Coated Paper Packaging Box Market?
The collapsible box by the box type segment is estimated to remain a leading segment for the global coated paper packaging market during 2022-2032. The major advantages of collapsible box type in saving space and reusability factor create a smart packaging solution for the manufacturers as well as consumers.
Which End use is Creating Growth Opportunities in the Global Coated Paper Packaging Box Market?
The food and beverage segment by end use is expected to expand 1.5 times current value during 2022-2032. The increasing working population, changing lifestyle and changing eating habits of the consumer lead towards increased consumption of food items. The time shortage for the working people propelled the demand for food items. This increasing demand for food items augment the sales of coated paper packaging box market.
How does the U.S. Create a Growth Opportunity for Coated Paper Packaging Box Market?
The U.S. is expected to hold around 81% of the North American Coated Paper Packaging Box market by the end of the forecast period. The food service industry consumes various types of paper packaging which also includes paperboard box, coated paper packaging box, and others. The coated paper packaging box is preferred by the food service industry due to the increasing concern of eco-friendly packaging among the consumer along with the plastic ban by the government/authority. According to the U.S. Department of Agriculture (USDA), around US$ 1.8 trillion worth of food was supplied by the foodservice and food retailing industry in the U.S., out of which US$ 978 billion worth of food was supplied by the foodservice facilities in the U.S. The food supplied by the food service facilities may have consumed large volume of packaging as food is packed in different packaging solutions.
Coated Paper Packaging Box Market by Category
By Box Type,
- Hinged lid Box
- Telescopic Box
- Shoulder Neck Box
- Collapsible Box
- Others (Rigid Sleeve Box, etc.)
By Board Thickness
- Up to 1.5mm
- 1.5 to 2.5mm
- Above 2.5mm
By End Use,
- Fashion Accessories and Apparels
- Food and Beverage
- Cosmetic and Personal Care
- Consumer Electronics
- North America
- Latin America
- South Asia
- East Asia
- Middle East & Africa
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