In the first two quarters of 2023, the global coated duplex paperboard market experienced a significant decline in prices due to several factors. The continuous decrease in raw material costs led to an oversupply of inventory, forcing traders to offer products at reduced rates.
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In North America, demand for coated duplex paperboard plummeted by 26% in April, prompting a reduction in imports from international producers, negatively impacting market sentiment. Many North American companies saw double-digit profit declines as they lowered prices to stay competitive. Furthermore, global economic challenges, including inflation, economic uncertainty, and rising interest rates, reduced consumer purchasing power, contributing to the overall price drop in coated duplex paperboard for 2023.
Definition
Coated duplex paperboard is characterized by its properties, which make it ideal for various applications. It is a sturdy and rigid material with a smooth and printable surface, allowing for high-quality graphics and text. The coating on one or both sides enhances its printability, while its strength provides durability. Coated duplex paperboard is typically used in packaging, printing, and promotional materials due to its ability to maintain structural integrity while offering excellent print quality and visual appeal, making it suitable for a wide range of industrial and commercial applications.
Key Details About the Coated Duplex Paperboard Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Coated Duplex Paperboard in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Coated Duplex Paperboard Price chart, including India Coated Duplex Paperboard price, USA Coated Duplex Paperboard price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Coated Duplex Paperboard Price Trend:
Coated duplex paperboard, with its versatile properties, serves a multitude of industrial applications. In packaging, it’s used to create folding cartons, boxes, and packaging materials for consumer goods, cosmetics, pharmaceuticals, and electronics. Its smooth surface and printability make it ideal for high-quality printed materials like brochures, catalogs, posters, and marketing collateral. In the stationery sector, it’s used for notebooks, folders, and binders. Coated duplex paperboard is also vital for greeting cards and luxury packaging for high-end products. Its durability and ability to hold ink make it suitable for labels on bottles, cans, and consumer goods. Additionally, it’s used in education materials, promotional displays, and game boards due to its structural integrity and print quality.
Key Players:
- Siam Kraft Industry Co Ltd
- Knam Marketing Pvt Ltd
- Zeeshan International Agencies Pvt Ltd
- SCG Packaging
- BJ Bhandari Papers Pvt Ltd
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