Overview and Scope
Kraft paper is made by the sulfate pulping process and it is of various grades such as bleached, unbleached, and others. The kraft paper is used for the packaging of materials.
Sizing and Forecast
The kraft paper market size has grown steadily in recent years. It will grow from $17.06 billion in 2023 to $17.88 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to strong economic growth in emerging markets, rise in demand for ready-to-eat food products. growing e-commerce and rising inclination towards alternatives to plastics.
The kraft paper market size is expected to see steady growth in the next few years. It will grow to $21.29 billion in 2028 at a compound annual growth rate (CAGR) of 4.5%. The growth in the forecast period can be attributed to the increasing government support, increase in awareness and rapid urbanization. Major trends in the forecast period include focus on new paper packaging, focus avoiding the need for extra plastic to develop new products, launch of new, innovative products to attract more customers, technological advancements to provide advance solutions, increasing investments to expand manufacturing capacities and partnerships and collaborations to strengthen product portfolio and geographic presence.
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Segmentation & Regional Insights
The kraft paper market covered in this report is segmented –
1) By Type: Virgin Natural Kraft Paper, Natural Recycled Kraft Paper, Black Kraft Paper, Colored Kraft Paper, White or Bleached Kraft Paper, Printed Kraft Paper
2) By Packaging Form: Corrugated Boxes, Grocery Boxes, Industrial Bags, Wraps, Pouches, Envelopes
3) By Grade: Unbleached, Bleached
4) By End User: Food And Beverages, Building And Construction, Electronics And Electricals, Cosmetic And Personal Care, Textile Manufacturing, Other End Users
North America was the largest region in the kraft paper market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the kraft paper market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rapidly expanding packaging business is driving the kraft paper market. Kraft Paper is used in industrial and commercial packaging operations such as packing, wrapping individual items, bundling and void fill because of its strength and durability. For instance, according to a report by Packaging Digest, in 2021, packaging was a trillion-dollar industry with industrial packaging, food packaging and beverage packaging contributing to maximum sales. Therefore, the rapid expansion of the packaging business will propel the kraft paper market.
Key Industry Players
Major companies operating in the kraft paper market report are Mondi Group, Stora Enso, WestRock, Smurfit Kappa, Klabin S.A,Nine Dragons Paper Holdings, Billerud AB, Heinzel Group, Segezha Group, International Paper, JB Craft Paper LLP, BN Papers, Blue Mount Paper and Boards Limited, Shree Krishna Paper Mills and Industries Ltd, Millenium Overseas, Prima Papers LLP, Diyan Papers LLP, Shri Brahma Paper Mill Pvt, Kamishigen Co., Ltd, Arrowfield Co., Ltd, TF Group, Zhengzhou SF Paper Factory, Linqu Hengsen Packaging Materials Co., Ltd, Chengdu Qingya Paper Industries Co., Ltd, Golden Paper Co., Limited, Rise Star Holdings Limited, Hebei Feiyue Industry Co.,Ltd, Qiongdao Sanshi Paper Co., Ltd, Pg Paper Co., Ltd, Comet Packaging, Expack Uk, Somic Textiles Ltd, Varad Papers Pvt Ltd, Sunflower Packaging Co., Ltd, Skybridge Albion Ltd, Richmond Papers Ltd, Ecopacksnab, Chestnyi Chek LLC, Ilim Group, Veiro Pro, Meltic Ltd., Papertec, Inc, Deluxe Packaging, Steelson Packaging, KapStone Paper and Packaging Corporation, Georgia-Pacific LLC, Packaging Corporation of America (PCA), Domtar Corporation, Hood Packaging Corporation, Norampac Inc, Klingele Paper and Packaging Group, Paper Excellence, Santher, gKraft paper, Paperindex, CMPC Biopackaging, Andritz Chile Ltd, Arabian Kraft Paper Manufacturing LLC, Kraft Paper and Paper Liners, R3s Paper Bags Works, Al Wahdania Shipping and Cargo, Aetreum, APL International, Zdpacks Manufacturing Llc, CPpack, RBE Stationery Manufacturers, Corruseal Group
The kraft paper market report table of contents includes:
1. Executive Summary
2. Kraft Paper Market Characteristics
3. Kraft Paper Market Trends And Strategies
4. Kraft Paper Market – Macro Economic Scenario
5. Global Kraft Paper Market Size and Growth
…
32. Global Kraft Paper Market Competitive Benchmarking
33. Global Kraft Paper Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Kraft Paper Market
35.Kraft Paper Market Future Outlook and Potential Analysis
36. Appendix
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