Triplex Paper Board Price Trend and Forecast

Triplex Paper Board Price Trend Q1 2025

Global:

According to Price Watch™, in Q1 2025 the Triplex Paper Board prices have been increasing by approximately 4% compared to Q4 2024. The market has been experiencing a strong recovery in demand following the festive season, as packaging converters have been actively restocking inventories to meet ongoing consumption requirements.

Downstream industries such as FMCG, food packaging, and consumer goods have been supporting steady consumption growth. Supply conditions have been relatively balanced, with manufacturers maintaining stable production levels while ensuring adequate availability in the domestic market.

Feedstock costs, including recovered waste paper, virgin pulp, and additives, have been increasing slightly, contributing to higher production costs and supporting price increases. Production has been rising in line with consumption, preventing significant supply pressure.

Export demand has been improving moderately. Overall, the market has been reflecting a firm upward trend driven by improving demand conditions and moderate feedstock cost pressures.

India:

According to Price Watch, in Q1 2025, the Triplex Paper Board market, on a FOB India basis, has been witnessing a firm upward trend, reflecting an increase of around 4% from the previous quarter. The market has been experiencing healthy buying momentum from key packaging segments, with converters and corrugators having been maintaining steady procurement in line with improving demand conditions.

Demand from FMCG packaging, e-commerce, and industrial industrial packaging sectors has been remaining strong, thereby having been supporting improved market sentiment and higher trading activity during the quarter. On the supply side, mills have been maintaining controlled production discipline, ensuring balanced availability and preventing excessive inventory build-up.

Raw material costs, particularly pulp and recovered fiber, have been showing a firming trend, thereby having been providing strong cost support to pricing levels. Export demand under FOB terms has also been remaining active, with steady international inquiries contributing to overall market strength. On a month-on-month basis, prices have been increasing by 2% in March 2025 compared to February 2025.

Triplex Paper Board Price Trend Q2 2025

Global:

According to Price Watch™, in Q2 2025 the Triplex Paper Board prices have been increasing by approximately 1% compared to Q1 2025, indicating a gradual improvement in market sentiment. The market has been experiencing stronger demand from packaging sectors such as FMCG cartons, food packaging, and consumer goods, as industrial and retail activities have been improving steadily.

Consumption has been rising consistently, supported by increased production across downstream industries. Supply conditions have been relatively balanced, as manufacturers have been adjusting operating rates to match growing demand while maintaining manageable inventory levels. Feedstock costs, including recovered waste paper, virgin pulp, and additives such as starch and chemicals, have been increasing slightly, contributing to higher production costs and supporting the upward price movement.

Export demand has been improving moderately, further strengthening market dynamics. Production has been aligning well with consumption, minimizing supply pressure. Overall, the market has been reflecting a firm and improving trend driven by strengthening demand and moderate feedstock cost increases.

India:

According to Price Watch™, in Q2 2025 the Triplex Paper Board prices have been increasing by approximately 4% compared to Q1 2025. The market has been experiencing strong demand from packaging sectors such as FMCG cartons, food packaging, and industrial applications, supported by improving economic activity and rising consumer demand.

Packaging converters have been increasing procurement volumes to support higher production levels, leading to stronger consumption across the market. Supply conditions have been relatively controlled, as manufacturers have been adjusting production rates to match demand while maintaining manageable inventory levels.

Feedstock costs, particularly recovered waste paper, virgin pulp, and additives, have been increasing moderately, adding upward pressure on production costs and prices. Production has been expanding in line with rising consumption trends. Export demand has also been strengthening. Overall, the market has been reflecting a strong and positive trend supported by robust demand and rising feedstock costs.

Triplex Paper Board Price Trend Q3 2025

In Q3 2025, global Triplex paper board prices have been remaining largely stable, indicating a balanced market environment compared to Q2 2025. The market has been experiencing steady demand from packaging sectors such as FMCG cartons, food packaging, and industrial applications, where consumption has been gradually improving alongside consistent production activities.

Supply conditions have been adequate, as manufacturers have been maintaining stable operating rates and sufficient inventory levels to meet ongoing requirements. Feedstock costs, particularly recovered waste paper, virgin pulp, and chemicals such as starch and additives, have been fluctuating slightly but have remained broadly stable overall, resulting in minimal cost-driven price movements.

Production has been aligning closely with consumption trends, ensuring equilibrium in the demand-supply scenario without significant inventory buildup. Export demand has been moderate, with buyers continuing cautious procurement strategies.

In September 2025, Triplex paper board prices have been increasing by around 2% compared to August, driven by slight improvements in demand and marginal increases in recovered paper and pulp costs. Overall, the market has been reflecting a steady and balanced trend supported by stable feedstock costs and consistent demand conditions.

China: Triplex Paper Board Exported Prices FOB Shenzhen, China; Grade- 230-250 GSM BULK (1.28-1.32)

In Q3 2025, Triplex paper board prices in China on an FOB China basis have been increasing, averaging around 1% higher than Q2 2025 levels. The market has been experiencing improving demand from packaging sectors such as food, electronics, and consumer goods, supported by seasonal restocking and export-oriented manufacturing activity.

Chinese mills have been operating at steady to slightly higher utilization rates, ensuring consistent supply while responding to rising demand. Feedstock costs, including recycled fiber (OCC), mixed wastepaper, and pulp, have been gradually increasing due to tighter collection rates and firm global pulp trends, contributing to upward price pressure.

Production has been aligning with consumption, maintaining balanced inventory levels without significant oversupply. Export demand has been strengthening, further supporting price gains. In September 2025 Triplex Paper Board prices have been around 2% higher than August 2025, driven by rising feedstock costs and improved procurement activity. Overall, the market has been reflecting a firm trend supported by steady demand and cost push factors.

India: Triplex Paper Board Exported Prices FOB Mundra, India; Grade- 250-284 GSM Bulk (1.12-1.15)

In Q3 2025, Triplex paper board prices in India on an FOB India basis have been largely stable as compared to previous quarter. The market has been experiencing steady demand from packaging industries such as FMCG, pharmaceuticals, and consumer goods, supporting consistent consumption. Domestic mills have been operating at stable utilization rates, ensuring adequate supply availability across the market.

Feedstock costs, particularly recycled fiber (OCC), duplex wastepaper, and pulp, have been relatively stable with minor fluctuations, limiting strong pricing movements. Production has been closely matching consumption, maintaining balanced inventory levels. Demand has been supported by gradual economic activity and stable downstream production.

In September 2025 Triplex Paper Board prices have been around 2% higher than August 2025, driven by slight increases in feedstock costs and seasonal restocking demand. Overall, the market has been reflecting a stable-to-firm trend with mild upward movement.

Columbia: Triplex Paper Board Imported Price CIF Barranquilla, Columbia from China; Grade- Triplex Paper Board 230-250 GSM BULK (1.28-1.32)

In Q3 2025, Triplex paper board prices in Colombia on a CIF basis from China have been increasing, averaging around 1% higher than Q2 2025 levels. The market has been experiencing steady demand from packaging applications such as food, beverages, and consumer goods, supporting stable consumption patterns.

Import supply from China has been consistent, with exporters maintaining stable production and shipment volumes. Feedstock costs in China, including recycled fiber (OCC), mixed wastepaper, and pulp, have been gradually rising, influencing export prices.

Supply and demand have been remaining balanced, with importers maintaining controlled inventory levels. Production in exporting regions has been aligning with global demand, ensuring smooth trade flows.

In September 2025 Triplex Paper Board prices have been around 2% higher than August 2025, driven by rising feedstock costs and improved buying activity. Overall, the market has been reflecting a firm trend supported by stable demand and cost-driven price increases.

Peru: Triplex Paper Board Imported Price CIF Callao, Peru from China; Grade- Triplex Paper Board 230-250 GSM Bulk(1.28-1.32)

In Q3 2025, Triplex paper board prices in Peru on a CIF basis from China have been increasing, averaging around 1% higher than Q2 2025 levels. The market has been experiencing moderate demand growth from packaging sectors, particularly in food and consumer goods industries, supporting steady consumption.

Import supply from China has been sufficient, ensuring consistent availability in the domestic market. Feedstock costs in China, including recycled fiber and pulp, have been gradually increasing, contributing to upward pricing pressure. Supply and consumption have been aligning closely, maintaining balanced inventory levels.

Importers have been adopting steady procurement strategies amid improving market conditions. In September 2025 Triplex Paper Board prices have been around 2% higher than August 2025, driven by increased feedstock costs and seasonal demand improvement. Overall, the market has been reflecting a stable-to-firm trend with gradual price growth.

USA: Triplex Paper Board Imported Price CIF Houston, USA from India; Grade- Triplex Paper Board 285-450 GSM Bulk (1.15-1.25)

In Q3 2025, Triplex paper board prices in the USA on a CIF basis from India have been slightly increasing, averaging around stable as compared to Q2 2025 levels. The market has been experiencing steady demand from packaging sectors including food, beverages, and e-commerce, supporting consistent consumption levels.

Import supply from India has been stable, with exporters maintaining steady production and shipment volumes. Feedstock costs in India, including recycled fiber (OCC), mixed paper, and pulp, have been relatively stable with slight upward movement, influencing export pricing.

Supply and imports have been aligning closely with demand, maintaining comfortable inventory levels. In September 2025 Triplex Paper Board prices have been around 2% higher than August 2025, driven by improved demand and slight increases in feedstock costs. Overall, the market has been reflecting a stable-to-firm trend with limited but steady price movement.

Triplex Paper Board Price Trend Q4 2025

In Q4 2025, global Triplex paper board prices have been strengthening slightly, increasing by approximately 2% compared to Q3 2025, indicating a modest recovery in market conditions. The market has been experiencing stable demand from downstream packaging industries such as FMCG, food packaging, consumer goods cartons, and industrial applications, where production activities have been supporting steady consumption during the year-end period.

Supply availability has been remaining sufficient, as manufacturers have been maintaining consistent operating rates and ensuring adequate inventory levels to meet seasonal requirements. Feedstock costs, particularly recovered waste paper, virgin pulp, and additives such as starch and chemicals, have been showing slight fluctuations but have remained relatively stable overall, providing limited cost pressure on producers.

Production has been aligning with consumption trends, resulting in balanced demand-supply dynamics. However, buying activity has been cautious as much of the demand has already been fulfilled through prior contracts. In December 2025, Triplex paper board prices have been declining by around 1% compared to November, mainly due to slight easing in demand and stable feedstock costs.

Overall, the market has been reflecting a stable to slightly firm trend supported by balanced supply-demand conditions and moderate feedstock cost movements.

China: Triplex Paper Board Exported Prices FOB Shenzhen, China; Grade- 230-250 GSM BULK (1.28-1.32)

In Q4 2025, Triplex paper board prices in China on an FOB China basis have been slightly declining, averaging around 1% lower than Q3 2025 levels. The market has been experiencing balanced-to-soft conditions despite steady packaging demand from sectors such as food, electronics, and consumer goods during the year-end period.

Chinese mills have been operating at stable utilization rates, ensuring sufficient supply availability for both domestic consumption and exports. Feedstock costs, including recycled fiber (OCC), mixed wastepaper, and pulp, have been relatively stable to slightly easing due to adequate collection rates and moderated global pulp trends. Production has been closely aligning with consumption, preventing excess inventory buildup while maintaining smooth supply chains.

Export demand has been moderate, with buyers maintaining cautious procurement strategies amid competitive pricing. In December 2025, Triplex Paper Board prices have been around 2% lower than November, driven by slight easing in feedstock costs and limited spot demand. Overall, the market has been reflecting a stable-to-soft trend with marginal price corrections.

India: Triplex Paper Board Exported Prices FOB Mundra, India; Grade- 250-284 GSM Bulk (1.12-1.15)

In Q4 2025, Triplex paper board prices in India on an FOB India basis have been increasing, averaging around 2% higher than Q3 2025 levels. The market has been experiencing firm demand from packaging industries such as FMCG, pharmaceuticals, and festive-season consumer goods, supporting higher consumption levels.

Domestic mills have been operating at high capacity utilization, while supply has been slightly constrained due to rising input costs. Feedstock costs, particularly recycled fiber (OCC), duplex wastepaper, and imported pulp, have been increasing due to higher import prices and logistics constraints, exerting upward pressure on prices. Production has been increasing in line with demand, while inventory levels have remained controlled.

Export demand has also been supportive, contributing to tighter market conditions. In December 2025, Triplex Paper Board prices have been around 1% lower than November, driven by slight correction in demand after peak seasonal buying and easing procurement activity. Overall, the market has been reflecting a firm trend with minor late-quarter adjustments.

Columbia: Triplex Paper Board Imported Price CIF Barranquilla, Columbia from China; Grade- Triplex Paper Board 230-250 GSM BULK (1.28-1.32)

In Q4 2025, Triplex paper board prices in Colombia on a CIF basis from China have been slightly declining, averaging around 1% lower than Q3 2025 levels. The market has been experiencing steady demand from packaging applications such as food, beverages, and consumer goods during the holiday season, although much of the procurement has been completed earlier.

Import supply from China has been sufficient, with exporters maintaining stable shipment volumes and competitive pricing strategies. Feedstock costs in China, including recycled fiber (OCC), mixed wastepaper, and pulp, have been relatively stable, limiting strong price fluctuations. Supply and demand have been remaining balanced, with importers maintaining adequate inventory levels.

Production in exporting regions has been aligning with global demand trends, ensuring consistent availability. In December 2025, Triplex Paper Board prices have been around 2% lower than November, driven by limited spot demand and stable-to-soft feedstock costs. Overall, the market has been reflecting a stable-to-soft trend with moderate trading activity.

Peru: Triplex Paper Board Imported Price CIF Callao, Peru from China; Grade- Triplex Paper Board 230-250 GSM Bulk (1.28-1.32)

In Q4 2025, Triplex paper board prices in Peru on a CIF basis from China have been largely stable to slightly declining, averaging around stable compared to Q3 2025 levels. The market has been experiencing moderate demand from packaging sectors, supported by food and consumer goods industries during the festive period, although procurement has been largely pre-planned.

Import supply from China has been sufficient, ensuring consistent availability in the domestic market. Feedstock costs in China, including recycled fiber and pulp, have been stable with minor fluctuations, limiting price volatility. Supply and consumption have been aligning closely, maintaining balanced inventory levels without significant shortages. Market participants have been following cautious purchasing strategies amid stable demand conditions.

In December 2025, Triplex Paper Board prices have been around 2% lower than November, driven by limited spot buying interest and stable feedstock costs. Overall, the market has been reflecting a stable-to-soft trend with minimal price movement.

USA: Triplex Paper Board Imported Price CIF Houston, USA from India; Grade- Triplex Paper Board 285-450 GSM Bulk (1.15-1.25)

In Q4 2025, Triplex paper board prices in the USA on a CIF basis from India have been increasing, averaging around 2% higher than Q3 2025 levels. The market has been experiencing steady demand from packaging sectors including food, beverages, and e-commerce during the holiday season, supporting consumption levels.

Import supply from India has been consistent, with exporters maintaining stable shipment volumes supported by steady production. Feedstock costs in India, including recycled fiber (OCC), mixed paper, and pulp, have been firm due to import dependency and higher logistics costs, contributing to price increases.

Supply and imports have been aligning with demand, maintaining balanced inventory levels. In December 2025, Triplex Paper Board prices have been around 1% lower than November, driven by post-peak seasonal demand correction and easing procurement activity. Overall, the market has been reflecting a firm-to-stable trend with slight price adjustments toward the end of the quarter.