During the first two quarters of 2023, the virgin coated paperboard market faced challenges primarily stemming from the paper industry’s poor performance. Prices gradually declined due to falling raw material costs, volatility in the crude oil sector, and a precarious economic climate.
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In the United States, the collapse of two major banks exacerbated inflation and interest rates, reducing consumer purchasing power and negatively impacting virgin coated paperboard demand. Rising global raw material stockpiles, despite some manufacturing plant closures for maintenance, further influenced the price trend. Overall, virgin coated paperboard prices exhibited a mixed pattern due to weak procurement rates from downstream industries and global economic instability.
Definition
Virgin Coated Paperboard possesses several key properties that make it suitable for various applications. It is characterized by its strength, rigidity, and durability, providing structural integrity for packaging and printing needs. The coating on one or both sides enhances its printability, ensuring high-quality graphics and text. Virgin fibers used in its production contribute to its purity and whiteness. This material can hold ink well, producing sharp and vibrant prints. Virgin coated paperboard is also environmentally friendly, as it typically uses pure wood pulp from sustainable sources. These properties collectively make it a versatile choice for applications requiring both visual appeal and robust performance.
Key Details About the Virgin Coated 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 Virgin Coated 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 Virgin Coated Paperboard Price chart, including India Virgin Coated Paperboard price, USA Virgin Coated 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 Virgin Coated Paperboard Price Trend:
Virgin coated paperboard, prized for its quality and versatility, serves a wide range of industrial applications. In packaging, it’s utilized to create folding cartons, boxes, and packaging materials for various consumer products, including cosmetics, pharmaceuticals, electronics, and food items. Its smooth surface and excellent printability make it ideal for producing high-quality printed materials like brochures, catalogs, posters, and marketing collateral. In the stationery sector, it’s employed for notebooks, folders, and binders, offering both durability and an excellent surface for writing. Virgin coated paperboard is also vital for greeting cards and luxury packaging for high-end products. Its printability and structural integrity make it suitable for labels, educational materials, and promotional displays, where both visual appeal and performance are essential.
Key Players:
- International paper company
- Smurfit Kappa Group
- Mondi Group
- WestRock Company
- Stora Enso Oyj
- Oji Holdings Corporation
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