Duplex Paper for FMCG Market Size and Future Growth
The global duplex paper market for FMCG was valued at approximately USD 2.90 billion in 2023 and is anticipated to reach about USD 4.58 billion by 2034. This growth represents a compound annual growth rate (CAGR) of 4.25% during the forecast period from 2024 to 2034.
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Major Key Insights of the Duplex Paper for FMCG Market
- Asia Pacific dominated the duplex paper for FMCG market in 2023.
- North America is expected to grow at a significant rate in the market during the forecast period.
- By type, the high-weight coated segment is expected to grow at significant rate during the forecast period.
- By application, the food & beverages segment dominated the duplex paper for FMCG market in 2023.
Duplex Paper for FMCG Market: Assists in Versatile Packaging
Duplex paper in the context of FMCG (Fast-Moving Consumer Goods) is a type of paper that has a coated surface on one side and an uncoated surface on the other. This paper is often utilized for boxes, packaging, and labels due to its sturdy nature and ability to hold vibrant prints. The coated side supports for high-quality graphics, while the uncoated side can provide better adhesion for labels or other finishes. It’s popular in FMCG for developing appealing packaging that enhances product visibility and branding. The global packaging industry size is estimated to grow from USD 1.20 trillion in 2022 to reach an estimated USD 1.58 trillion by 2032, growing at a 3.16% CAGR between 2023 and 2032.
Duplex Paper for Consumer Goods: Manufacturing & Application
The duplex paper is available in various weights (measured in grams per square meter, or GSM), typically ranging from 200 to 400 GSM. The thickness offers durability for packaging. The coated finish allows for sharp, vibrant printing, making it suitable for high-quality graphics and text. The rigidity of duplex paper makes it suitable for structural applications like boxes and cartons, ensuring that products are well-protected during transport and storage.
It is often manufactured from recycled materials, duplex paper is an environmentally friendly option, appealing to sustainability-conscious brands and consumers. The duplex paper is extensively utilized in the FMCG sector for various packaging solutions such as boxes and cartons, labels and tags, for display packaging and for flexible packaging. In some cases, duplex paper can be used in combination with other materials to create flexible packaging solutions.
New Advancements in Duplex Paper for FMCG Industry
- In October 2024, Nippon Paper Industries Co., Ltd., paper mill industry, signed NOTRAC Inc., a South Korean lifestyle brand operating company, Shampoos and body soaps made with SPOPS will be introduced to the South Korean market by 2024 under the “ECOJE” brand of UCL Co., Ltd., a South Korean cosmetics company, as the initial phase of this commercial expansion. Aside from that, other brands’ products are being prepared for release.
- In September 2024, Subam Papers Limited, paper mill company based in Tamil Nadu, India, revealed its plans to go public through an Initial Public Offering (IPO), with the goal of raising up to Rs. 93.70 Cr (US$ 1.11416 Billion). Shares will be listed on the BSE SME platform. Up to 61,64,800 lakhs (US$ 73,303.8) equity shares, each with a face value of Rs. 10 (0.1S$), are up for grabs. The entire issue size (new issue) is 61,64,800 lakhs (US$ 73,303.8 Million) equity shares, which add up to (US$ 1.11416 Billion) 93.70 crore shares.
Duplex Paper for FMCG Market Key Players
- Kimberly-Clark
- Stora Enso
- International Paper
- The West Coast Paper Mills
- Mangum Ventures
- El-Salam Paper Mills
- Sappi
- Emami Paper Mills
- Millennium Overseas
- Hangzhou Gerson Paper
- JK Pape
- Monit Paper and Chemicals
- Nippon Paper Industries
- Qiongdao Sanshi Paper
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