Paper Board Price History and Forecast Analysis Provided by Procurement Resource
In the first and second quarters of 2023, paper board prices were influenced by the paper and pulp industry’s dynamics. In North America, traders faced reduced profit margins, stemming from fewer inquiries, inflation, and market shifts. Maintenance issues at manufacturing units led to decreased paper board production, impacting downstream industries, and raising inventory levels. With declining demand and weakened purchasing power, paper board prices experienced a downward trend throughout both quarters, reflecting challenges within the industry.
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Definition
Paper boards are thick and rigid sheets of paper-based material used for various applications, including packaging, printing, and crafting. They are made by pressing and bonding layers of paper pulp together. Paper boards provide sturdiness, durability, and a smooth surface suitable for printing and writing. They come in different grades and thicknesses to cater to diverse needs, ranging from lightweight packaging to heavyweight displays. Paper boards find use in product packaging, business cards, book covers, signage, and various artistic projects due to their versatility and structural integrity.
Key Details About the Paper Board 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 Paper Board 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 Paper Board Price Trends, including India Paper Board price, USA Paper Board 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 Paper Board Price Trend:
Paper boards have versatile industrial applications. They are widely employed in packaging, providing robust and customizable solutions for boxes, cartons, and displays. In the printing industry, paper boards serve as substrates for various printed materials like business cards, book covers, and brochures. Their durability makes them suitable for creating signage, POP displays, and promotional materials. In addition, paper boards find use in crafts, model-making, and educational materials due to their ease of manipulation and customization. With varying thicknesses and finishes, paper boards fulfill diverse requirements across industries requiring strong, printable, and versatile materials.
Key Players:
- Stora Enso
- International Paper
- Nine Dragons Paper Holdings
- Oji Paper Company
News and recent developments:
Paper prices, which had been declining since June, have shown signs of stabilizing as prices for various paper grades, excluding pulp, have increased. Major paper mills such as ITC, Bilt Graphic Paper Products Ltd, and Andhra Paper Ltd announced price hikes of ₹1,000-3,000 per tonne for different grades. The drop in prices was attributed to factors like recession in the US and EU, sluggish European and Chinese demand, and lower global pulp prices. Experts suggest a minor price correction, driven by upcoming festive season demand and growth in education and e-commerce sectors. The industry may see consolidation in the coming years.
About Us:
Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients with up-to-date and pioneering practices in the industry to understand procurement methods, supply chains, and industry trends so that they can build strategies to achieve maximum growth.
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