During the initial two quarters of 2023, the global market for coated duplex paperboard witnessed a notable decrease in prices attributed to various factors. The persistent decline in raw material costs resulted in an oversaturation of inventory, compelling traders to offer their products at discounted rates.
In North America, the demand for coated duplex paperboard took a substantial hit, experiencing a 26% decline in April. This downturn led to a decrease in imports from international producers, negatively impacting market sentiment. Numerous North American companies faced significant profit declines, adopting double-digit price reductions to maintain competitiveness. Additionally, the global economic landscape posed challenges, with factors such as inflation, economic uncertainty, and escalating interest rates diminishing consumer purchasing power, thereby contributing to the overall decline in coated duplex paperboard prices for the year 2023.
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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 exhibits versatile characteristics, finding widespread application across various industries. In the realm of packaging, it proves indispensable for crafting folding cartons, boxes, and packaging materials catering to consumer goods, cosmetics, pharmaceuticals, and electronics. Its impeccably smooth surface and excellent printability render it well-suited for producing high-quality printed materials such as brochures, catalogs, posters, and marketing collateral. Within the stationery sector, it plays a role in manufacturing notebooks, folders, and binders.
The significance of coated duplex paperboard extends to the creation of greeting cards and upscale packaging for luxury products, given its durability and proficiency in holding ink. Its applicability further extends to labeling on bottles, cans, and various consumer goods. Beyond packaging, it finds utility in educational materials, promotional displays, and the construction of game boards, owing to its structural integrity and superior 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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