The recycled white lined chipboard market has experienced robust growth, increasing from $0.93 billion in 2023 to $1.04 billion in 2024, at a CAGR of 11.7%. This growth is attributed to rising demand for high-quality, environmentally friendly products, the surge in sustainable packaging solutions, the rise of e-commerce and online retailing, supportive government initiatives, and increased awareness of the benefits of recycled materials. The market is expected to reach $1.82 billion by 2028, growing at a CAGR of 15.1%. Future growth is driven by heightened environmental sustainability awareness, the food and beverage industry's shift toward sustainable packaging, rising demand from packaging and printing sectors, and expanded use across various end-use industries. Major trends include advancements in production technology for high-quality chemicals, adherence to government regulations and industry standards, new product launches, technological innovations to enhance product portfolios, and improvements in recycling technology and cost-effectiveness.
Major Driver In The Recycled White Lined Chipboard Market
The recycled white-lined chipboard market is expected to expand due to increasing demand from the food and beverage industry. This sector's need for recycled white-lined chipboards is driven by sustainability concerns, consumer preferences, and corporate responsibility. Recycled chipboard offers a sustainable, cost-effective packaging solution aligned with reducing environmental impact and meeting eco-friendly demands. In May 2021, the Australian Bureau of Statistics reported that food and non-alcoholic drink sales reached 15.1 million tons in 2021-2022, up from 14.8 million tons in 2020-21. The rising demand from the food and beverage industry is propelling the growth of the recycled white-lined chipboard market.
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Recycled White Lined Chipboard Market Competitive Landscape
WestRock Company, International Paper Company, Smurfit Kappa Group, DS Smith Plc, Stora Enso Oyj, Mondi Group, Graphic Packaging International LLC, Sonoco Products Company, Mayr-Melnhof Karton AG, Cascades Inc., Saica Group, Reno de Medici S.p.A., Walki Group, Kotkamills Oy, Dongguan Jianhui Paper Co. Ltd., Fiskeby Board AB, Elliott Baxter & Company Ltd (EBB Paper), Preston Board & Packaging Ltd., WEIG Karton Inc., Shanghai DE Printed Box, KappaStar, Kartonfabrik Buchmann GmbH
Key Recycled White Lined Chipboard Market Trend
The recycled white-lined chipboard market is seeing innovation with the development of sustainable materials, such as recycled end-of-life (EOL) composites, to meet the rising demand for eco-friendly packaging solutions. These composites are processed and repurposed into new materials after reaching the end of their useful life in their original applications. In March 2023, Anmet, a Poland-based chipboard manufacturer, launched chipboard panels using a patented process to create wood-replacement chipboards from recycled EOL composites, including wind turbine blades. These panels do not require drying during manufacturing, offering a sustainable alternative to traditional wood-based products while reducing wood consumption.
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Recycled White Lined Chipboard Market Segmentation
The recycled white lined chipboard market covered in this report is segmented –
1) By Type: Waste Paper Type, Recycled Fibres Type
2) By Thickness: Thin Board, Medium Board, Thick Board
3) By Application: Cereals And Dry Foods, Frozen Or Chilled Food, Shoes, Toys, Industrial, Car Spares, Electronics, Cosmetics, Household Goods, Other Applications
By Geography:The regions covered in the recycled white lined chipboard market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the recycled white lined chipboard market in 2023.
The Recycled White Lined Chipboard Global Market Report 2024 furnishes information about the global recycled white lined chipboard market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
