In the first half of 2023, the Coated Virgin Paperboard (200 GSM) market experienced stagnant prices following a prolonged upward trend. Both the US and European markets faced diminished demand and low operating rates due to unfavorable market conditions, exacerbated by soaring energy production costs.
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Additionally, the global economic situation posed challenges, with European and Asian currencies weakening against the US dollar, complicating trade. To cope with reduced demand and production rates, some manufacturers were compelled to permanently reduce production capacities, adversely affecting the growth of Coated Virgin Paperboard (200 GSM) prices.
Definition
Coated Virgin Paperboard (200 GSM) refers to a type of thick, rigid paperboard material with a grammage (weight) of 200 grams per square meter, characterized by its high quality and smooth surface finish. It is made from virgin wood pulp, which ensures purity and strength. This paperboard is typically coated with a layer of material, such as clay, to enhance its printability and provide a glossy or matte finish. Coated Virgin Paperboard (200 GSM) is commonly used in packaging, printing, and promotional materials, offering excellent print quality, rigidity, and durability. It is favored for its ability to display vibrant graphics and text.
Key Details About the Coated Virgin Paperboard (200 GSM) 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 Virgin Paperboard (200 GSM) 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 Virgin Paperboard (200 GSM) Price chart, including India Coated Virgin Paperboard (200 GSM) price, USA Coated Virgin Paperboard (200 GSM) 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 Virgin Paperboard (200 GSM) Price Trend:
Coated Virgin Paperboard (200 GSM) finds a multitude of industrial applications owing to its thickness and surface properties. It is extensively used in premium packaging, including boxes, cartons, and high-end product packaging, where its sturdiness and smooth printable surface enhance visual appeal. The paperboard’s excellent printability makes it ideal for various printing and graphics applications, such as high-quality product packaging, brochures, and displays. Additionally, it is used for book covers, menus, stationery, and promotional materials where a combination of durability and visual impact is essential. Coated Virgin Paperboard (200 GSM) serves as a versatile material, meeting diverse packaging and marketing needs across multiple industries.
Key Players:
- International Paper Company
- WestRock Company
- Nordic Paper AS
- Stora Enso Oyj
- Potsdam Specialty Paper Inc
- Fortune Paper Mills LLP
News and recent development:
Magazine paper prices drop further in Europe as low demand and operating rates continue. The market for magazine paper in Europe is still struggling due to poor operating rates and low demand, particularly for lightweight coated (LWC) paper. Producers of LWC and supercalendered (SC) paper fought a lost struggle with customers who persisted in demanding lower pricing over the past quarter due to the persistently difficult market dynamics. (Dated: 18 August 2023)
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