Recycled White Lined Chipboard Market Report 2024-2033 - Size, Share & Growth Analysis

The Business Research Company recently released a comprehensive report on the Global Recycled White Lined Chipboard Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The recycled white lined chipboard market size has grown rapidly in recent years. It will grow from $0.93 billion in 2023 to $1.04 billion in 2024 at a compound annual growth rate (CAGR) of 11.7%. The growth in the historic period can be attributed to demand for high quality and environment friendly products, growing demand for sustainable packaging solutions, rise of e-commerce and online retailing, government initiatives and regulations to promote recycling, and rising awareness about the benefits of using recycled materials.

The recycled white lined chipboard market size is expected to see rapid growth in the next few years. It will grow to $1.82 billion in 2028 at a compound annual growth rate (CAGR) of 15.1%. The growth in the forecast period can be attributed to growing awareness of environmental sustainability and conservation, food and beverage industry's shift to sustainable packaging, increasing demand from packaging and printing industries, the growing popularity of eco-friendly products among consumers, and increasing in various end-use sectors. Major trends in the forecast period include technological advancement in production of high-quality chemicals, government rules and industry's standards, product launches, new technologies to enhance their product portfolio, and advancements in recycling technology and cost-effectiveness.

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Market Drivers and Trends:

The increasing demand from the food and beverages industry is expected to propel the growth of the recycled white-lined chipboard market going forward. The food and beverages industry is the economy sector that produces, processes, and sells food and drinks for human consumption. The increasing demand for recycled white-lined chipboards from the food and beverages industry can be attributed to sustainability concerns, consumer preferences, brand image, and corporate responsibility. Recycled white-lined chipboard is a sustainable, cost-effective, and versatile packaging solution that aligns with the food and beverage industry's goals of reducing environmental impact and meeting consumer demand for eco-friendly products. For instance, in May 2021, according to the Australian Bureau of Statistics, an Australia-based government agency, sales of food and non-alcoholic drinks reached 15.1 million tons in 2021-2022, a significant increase from the 14.8 million metric tons sold in the previous fiscal year of 2020-21. Therefore, the increasing demand from the food and beverages industry is driving the growth of the recycled white-lined chipboard market.

Major companies operating in the recycled white-lined chipboard market are focused on developing innovative chipboard materials, such as recycled end-of-life composite, to meet the increasing demand for sustainable packaging solutions. Recycled end-of-life (EOL) composites are composite materials that have reached the end of their useful life in their original application. They are then processed and repurposed into new materials or products. For instance, in March 2023, Anmet, a Poland-based company that manufactures chipboard panels, launched chipboard panels using its patented shredding and manufacturing process for wood-replacement chipboards made from recycled end-of-life (EOL) composites. These panels offer several advantages over standard chipboard plates, using a new recycling solution to turn wind turbine blades and other composites into high-performance, sustainable chipboards for construction applications. Additionally, unlike wood chips, they don't require a drying process during manufacturing and help reduce wood consumption.

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Major Key Players of the Market:

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

Recycled White Lined Chipboard Market 2024 Key Insights:

• The recycled white lined chipboard market size is expected to see rapid growth in the next few years. It will grow to $1.82 billion in 2028 at a compound annual growth rate (CAGR) of 15.1%.
• Surge In Food And Beverage Industry Demand Propels Recycled White Lined Chipboard Market Growth
• Revolutionizing Sustainable Packaging Innovations In Recycled White Lined Chipboard Panels
• Asia-Pacific was the largest region in the recycled white lined chipboard market in 2023

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