As environmental consciousness continues to rise among consumers and businesses alike, there is a growing realization of the need to reduce the environmental impact of packaging materials. Recycled chipboard offers a sustainable alternative to traditional packaging materials, as it is made from recycled paper and cardboard fibers. This not only helps in conserving natural resources but also reduces energy consumption and greenhouse gas emissions associated with manufacturing virgin materials. Businesses are increasingly adopting recycled chipboard for their packaging needs to meet the growing consumer demand for environmentally friendly products. Overall, the growing need for eco-friendly packaging solutions not only drives the demand for recycled chipboard but also fosters a more sustainable approach to packaging across various industries.
Access Full Report @ https://www.databridgemarketresearch.com/reports/europe-and-us-recycled-chipboard-market
Data Bridge Market Research analyzes that the Europe and U.S. Recycled Chipboard Market is expected to reach USD 6.65 billion by 2031 from USD 5.56 billion in 2023, growing with a CAGR of 2.3%.
Key Findings of the Study
Expansion in E-Commerce
As consumers increasingly turn to online shopping for convenience and accessibility, the demand for packaging materials that ensure the safe and efficient delivery of goods has surged. Recycled chipboard emerges as a favorable solution for e-commerce packaging due to its eco-friendly properties, offering both protective capabilities and sustainability credentials. With the rise of online retail platforms, there is a growing need for sturdy and reliable packaging materials that can withstand the rigors of shipping and handling while minimizing environmental impact.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2024 to 2031
|
|
Base Year
|
2023
|
|
Historic Years
|
2022 (Customizable to 2016-2021)
|
|
Quantitative Units
|
Revenue in USD Billion
|
|
Segments Covered
|
Product (Coated and Uncoated), Weight (300-450 GSM, Above 600 GSM, 200-300 GSM, and 450-600 GSM), Application (Folding Cartons, Boxes, Displays, and Others), End-Use (Food, Consumer Goods, Electronic Products, Medicine, Cosmetics, Paper Mailers, and Others)
|
|
Countries Covered
|
U.S., Germany, Italy, U.K., France, Poland, Russia, Spain, Turkey, Netherlands, Belgium, Sweden, Finland, Switzerland, Denmark, Norway, and rest of Europe
|
|
Market Players Covered
|
WEIG Group (Germany), FM CARTIERE S.P.A. (Italy), bmpaper.com (China), KAPAG Karton + Papier AG (Switzerland), Kartonsan (Turkey), Mayr-Melnhof Karton AG (Austria), Muratlikarton.com.tr (Turkey), PREMIER PAPER GROUP (U.K.), Ranheim Paper & Board (Norway), Reno De Medici S.p.A. (Italy), SARRIO PAPELERA DE ALMAZAN (Spain), Solidus (Netherlands), Sonoco (U.S.), UMKA D.O.O. (Serbia), and Smurfit Kappa (Ireland) among others
|
|
Data Points Covered in the Report
|
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
|
Segment Analysis
Europe and U.S. recycled chipboard market is segmented into four notable segments based on product, weight, application and end use.
- On the basis of product, the Europe and U.S. recycled chipboard market is segmented into coated and uncoated
In 2024, the coated segment is expected to dominate the Europe and U.S. Recycled Chipboard Market
In 2024, the coated segment is expected to dominate the market with a market share of 67.23% as coated chipboards offer comparable strength and durability to virgin materials, ensuring the protection and integrity of the packaged products.
- On the basis of weight, the Europe and U.S. recycled chipboard market is segmented into 300-450 GSM, above 600 GSM, 200-300 GSM, and 450-600 GSM
In 2024, the 300-450 GSM segment is expected to dominate the Europe and U.S. Recycled Chipboard Market
In 2024, the 300-450 GSM segment is expected to dominate the market with a market share of 38.89% as chipboard with a GSM (grams per square meter) ranging from 300 to 450 is a versatile material with various potential uses, particularly when considering its recycled content.
- On the basis of application, the Europe and U.S. recycled chipboard market is segmented into folding cartons, boxes, displays, and others. In 2024, the folding cartons segment is expected to dominate the market with a market share of 47.29%
- On the basis of end-use, the Europe and U.S. recycled chipboard market is segmented into food, consumer goods, electronic products, medicine, cosmetics, paper mailers, and others. In 2024, the food segment is expected to dominate the market with a market share of 37.85%
Major Players
Data Bridge Market Research analyzes Smurfit Kappa (Ireland), Reno De Medici S.p.A. (Italy), Sonoco (U.S.), Mayr-Melnhof Karton AG (Austria), and Kartonsan (Turkey) as the major players in the Europe and U.S. recycled chipboard market.
Market Developments
- In May 2024, leveraging its extensive expertise, RDM Group introduced Syros Duo Brown. This 100% recycled fiber-based cartonboard offers a natural appearance with the durability required for high-speed printing and folding, ensuring no bleeding or cracking. Its consistent quality makes it an ideal replacement for plastic packaging, suitable for folders, envelopes, laminated food trays, and boxes
- In March 2024, Sonoco has announced a price increase of Euro 60 per ton for all ratings of uncoated recycled paperboard (URB) in Europe, effective for deliveries after April 15, 2024. Nikolaj Thybo, Vice President Sales & Marketing Paper Europe, cited the necessity of this adjustment due to rising input costs amid general inflation and economic challenges
- In January 2024, in the latest 2024 WorldStar awards, Mayr-Melnhof Karton AG clinched honors in the "Food" and "Alcoholic Beverages" categories. Notably, their recycled cartonboard Browncolor, crafted at MM Kolicevo, is making waves as a functional closure for McDonald's delivery cuffs in the U.K. This innovative solution replaces plastic stickers, showcasing the company's commitment to sustainability. This recognition adds to MM Board & Paper's previous accolades, including the 2023 European Carton Excellence Award for Food & Drink Packaging crafted from recycled fiber
- In April 2024, International Paper Company and DS Smith announced an all-share combination agreement. This merger combines complementary businesses, creating a global leader in sustainable packaging with strong positions in Europe and North America. The focus on sustainable solutions will serve a wide range of growing markets
- In March 2024, DS smith acquired Serbian packaging company Bosis doo. This strategic move enhances our growth and capabilities in Eastern Europe, particularly for fast-moving consumer goods (FMCG). DS Smith and Bosis doo will leverage their strengths to provide innovative, sustainable packaging solutions, aligning with our regional growth strategy
Regional Analysis
Geographically, the countries covered in the Europe and U.S. recycled chipboard market report are U.S., Germany, Italy, U.K., France, Poland, Russia, Spain, Turkey, Netherlands, Belgium, Sweden, Finland, Switzerland, Denmark, Norway, and rest of Europe.
As per Data Bridge Market Research analysis:
Europe is the dominant and the fastest-growing region in the Europe and U.S. Recycled Chipboard Market
Europe is expected to dominate the market as Europe has stringent environmental regulations and ambitious sustainability goals aimed at reducing waste and promoting recycling. Regulations such as the EU Packaging and Packaging Waste Directive and the Circular Economy Action Plan encourage the use of recycled materials in packaging, including chipboard. This regulatory environment drives demand for recycled chipboard as companies seek to comply with regulations and meet consumer expectations for sustainable packaging.
For more detailed information about the Europe and U.S. recycled chipboard market report, click here – https://www.databridgemarketresearch.com/reports/europe-and-us-recycled-chipboard-market
