Market Forecast by Countries (United States, Canada), By Application (Shoeboxes, Composite Cans & Fiber Drums, Coated Paperboard, Others) And Competitive Landscape
Product Code: ETC406616 | Publication Date: Dec 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 |
The North America Uncoated Recycled Paperboard Market is anticipated to gain more success in the years to come. The stringent regulations for the use of virgin materials in packaging and rising awareness among people regarding the sustainable packaging alternatives are the factors giving boost to this market in the country.
According to 6Wresearch, the North America Uncoated Recycled Paperboard Market size is expected to grow during 2023-2029. Paperboards are thick material which are paper-based for label stock and packaging. They are widely used for packaging in the packaging industry attributed to their recyclability and eco-friendly nature. They are made up of recycled paper pulp. Growing awareness among consumers about the environmental impacts of packaging resulted in a shift in preferences towards sustainable packaging alternatives which is uncoated recycled paperboard. The sector has been propelling steadily. It is owing to the rising awareness of the environmental advantages of using recycled paperboard, which enabled more companies to use paperboards that are recycled for their printing and packaging requirements.
The sector is anticipated to grow in the near future since more key players are adopting sustainable practices in order to contribute towards the environment. Consumers in the continent are becoming more awareness of the packaging impacts on environment and they demand for more sustainable alternatives. Manufacturers in this sector produce high-quality paperboard that are recycled with the support of technological advancements and it supports them to meet the business and consumer demands. Availability of affordable raw materials is another factor giving this industry boost. Rising demand for these products from end-user sectors is also driving the market. End user industries that use these paperboards include personal care, healthcare, food & beverage, etc. Economic growth in the continent and rapid urbanization are also stimulating the sector evolvement in the continent. The fluctuating costs of raw materials are anticipated to restraint the growth of this sector over the forecast period. The North America Uncoated Recycled Paperboard Market share will grow in the near future since the future of this market is bright.
The governments of North American countries had to impose strict lockdown during the pandemic in order to control the virus spread. The manufacturing activities halted during the pandemic which adversely affected the supply of various raw materials used to make uncoated recycled paperboard. Disruption in trade also disrupted the sector evolvement which impacted on the growth of North America Uncoated Recycled Paperboard Industry. The demand for recycled paper board decreased owing to disruption in many consumer industries.
Based on countries, the Uncoated Recycled paperboard Market in North America is divided into United States, and Canada. The United States is the leading nation in the region for uncoated recycled paperboard sector due to the presence of key players in the nation and rising demand for packaging applications.
Based on application, the sector in continent is divided into Shoeboxes, Composite Cans & Fiber Drums, Coated Paperboard, and Others. All these application segments are growing in this space and they will continue growing.
The report offers a comprehensive study of the subsequent market segments: