Increasing
awareness of the eco-friendly packaging product is boosting the global
coated paperboard market significantly. Coated paperboard is a thick
paper-based material made of recycled paper pulp. The product is gaining
immense market attention owing to it numerous benefits. Coated paperboard
can be easily customized as per packaging requirement. Unlike plastic
packaging, it does not pose a threat to the environment and can easily
be recycled. Its thickness and light weight properties make it ideal
product for the packaging industry.
An upcoming report by Transparency Market
Research gives a detailed insight into the various aspects of the
global coated paperboard market. The report furnishes information on the
drivers and restraining factors shaping the growth pace of the global
coated paperboard market. It intends to offer a broad analysis of future
business prospect of global coated paperboard market. The study
includes a detailed geographical segmentation and lists down the top
players of the market, their strategies, and their impact on the global
coated paperboard market.
Global Coated Paperboard Market: Trends and Opportunities
The global coated paperboard market is
expected to rise rapidly owing to the increasing demand in packaging and
printing sector. This is because of the convenience of use and ease of
transport of coated paperboard. Apart from that, coated paperboard can
also extend shelf life of the products and is eco-friendly since it can
be recycled. Additionally, it can be used for the wide array of products
and hold greater scope for branding and marketing strategies of the
companies.
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However, global coated paperboard market
is also getting hampered due to the inability of the products to handle
the mechanical stress of heavy materials and strict government norms
pertaining to the packaging industry. To overcome such challenges,
nimble manufacturers and independent research bodies are trying develop
durable products that can withstand high physical stress.
Coated paperboard can be customized
easily as per the product requirement. This is one of the reasons why
the demand in the global coated paperboard market could be rising
steadily.
The flourishing food and beverage
industry is believed to be driving most of the demand in the global
coated paperboard market. Strict norms pertaining to food packaging and
thrust on eco-friendly materials could be driving uptake of the
products.
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