Recycled White Lined Chipboard Market Analysis With Opportunity Segments For 2024-2033 – World News Report
Recycled White Lined Chipboard Market Report 2024 – Market Size, Trends, And Forecast 2024-2033
The Business Research Company’s Recycled White Lined Chipboard Global Market Report 2024 – Market Size, Trends, And Forecast 2024-2033
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LONDON, GREATER LONDON, UK, August 30, 2024 /EINPresswire.com/ — The recycled white lined chipboard market has shown impressive growth, increasing from $0.93 billion in 2023 to $1.04 billion in 2024, reflecting a compound annual growth rate (CAGR) of 11.7%. This growth is driven by the demand for high-quality, eco-friendly products, sustainable packaging solutions, the rise of e-commerce, government recycling initiatives, and increased awareness of the benefits of recycled materials. The market is expected to further expand to $1.82 billion by 2028, with a CAGR of 15.1%. This growth is attributed to heightened environmental awareness, a shift towards sustainable packaging in the food and beverage industry, and increasing demand from various end-use sectors.
Surge in Food and Beverage Industry Demand
The food and beverage industry’s growing demand for recycled white-lined chipboard is significantly driving market growth. This sector seeks sustainable, cost-effective packaging solutions that align with environmental goals and consumer preferences for eco-friendly products. For instance, sales of food and non-alcoholic drinks in Australia increased to 15.1 million tons in 2021–2022, reflecting the rising demand for packaging solutions that support sustainability efforts. Recycled white-lined chipboard meets these needs by offering a versatile, sustainable packaging option.
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Major Companies and Market Trends
Leading players in the recycled white lined chipboard market include WestRock Company, International Paper Company, Smurfit Kappa Group, and Mondi Group. These companies are focusing on innovations to meet the rising demand for sustainable packaging solutions. For example, Anmet’s launch of chipboard panels made from recycled end-of-life (EOL) composites showcases advancements in sustainable materials. These panels, produced from wind turbine blades and other composites, offer high performance without the need for a drying process, thus reducing wood consumption.
Market Segmentation
•By Type: Waste Paper Type, Recycled Fibers Type
•By Thickness: Thin Board, Medium Board, Thick Board
•By Application: Cereals and Dry Foods, Frozen or Chilled Food, Shoes, Toys, Industrial, Car Spares, Electronics, Cosmetics, Household Goods, Other Applications
Recycled white-lined chipboard (RWLC) is used in various applications due to its high-quality surface and sustainability. The main types include waste paper and recycled fibers, with thicknesses ranging from thin to thick boards. These chipboards are used in packaging for cereals, frozen foods, industrial products, and more.
Geographical Insights: Asia-Pacific Leads The Market
Asia-Pacific was the largest region in the recycled white lined chipboard market market in 2023, reflecting its significant role in the global supply chain and growing demand for sustainable packaging solutions.
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Recycled White Lined Chipboard Global Market Report 2024 from The Business Research Company covers the following information:
•Market size data for the forecast period: Historical and Future
•Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
•Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Recycled White Lined Chipboard Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on recycled white lined chipboard market size, recycled white lined chipboard market drivers and trends, recycled white lined chipboard market major players, recycled white lined chipboard competitors’ revenues, recycled white lined chipboard market positioning, and recycled white lined chipboard market growth across geographies, recycled white lined chipboard market size, recycled white lined chipboard market growth. The recycled white lined chipboard market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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