The market for kraft paper is anticipated to be worth US$ 15,941.3 million in 2022 and US$ 19,821.4 million in 2032. During the projection period of 2022–2032, the market is anticipated to grow at a CAGR of 2.2%.
Due to the use of plastic and other non-biodegradable items, as well as their preference for paper-based packaging, consumers are becoming more and more aware of the negative effects that packaging solutions have on the environment. The preferences of consumers are changing in favour of ecologically friendly goods.
The preference for biodegradable and sustainable packaging is growing with increasing awareness regarding the negative impact of packaging solutions on the environment, due to use of plastic and other such non-biodegradable products among the consumers and growing preference for paper based packaging. Consumers are turning their loyalties towards eco-friendly products. Kraft paper is one such product which is used for packaging nowadays, as they do not draw any negative impact on environment. Kraft papers are produced using kraft process. Various fibres can be used in the kraft process.
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Global kraft papers market: Key Players
Few of the key players operating in the global kraft papers market are – WestRock Company, Mondi Group Plc., Canfor Corporation, Natron-Hayat d.o.o., International Paper Company, and DS Smith Plc, among others.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
These papers are relatively coarse and have high tensile strength. Kraft papers are available in various textures and colors. Kraft papers are used in various industries such as food, bakery, and others, for packaging purpose. Kraft papers are used for producing carryout bags, grocery and shopping bags, butcher wrap, multiwall shipping sacks, and gift wrappers. Kraft papers are available in a variety of types, such as bleached, unbleached, sack, and specialty kraft papers.
Due to high sulfur ratio and less lignin content, kraft papers are stronger than any other paper used for packaging purposes. The outlook for the global kraft papers market is anticipated to be positive over the forecast period due to aforementioned reasons.
Global kraft papers market: Dynamics
Paper based packaging has gained prominence in recent years, with the emergence of modern packaging ideas where shelf life, visual appeal and brand identity occupy premiere state. Kraft paper packaging products provide all these advantages.
The main advantage of kraft paper is that it can be produced using wider range of fibres. Variety of woods can be used for the kraft process. This factor is expected to facilitate growth of the global kraft papers market, over the next decade. Also, kraft papers are eco-friendly, provide excellent product packaging, are easy to stack and above all, they are easy to dispose of.
These factors are expected to boost the global kraft papers market over the forecast period. With increasing focus on green packaging and consumer awareness, the kraft papers are gaining ground, with growing applications in the packaging industry. Various industries including food & beverage, electronics, cosmetics, personal care, textile and others kraft papers as packaging products. This is expected to drive the global kraft papers market over the next ten years.
Kraft papers are recyclable and can be used further. Kraft papers provides lightweight packaging, and are easy to transport. These factors are anticipated to drive the global kraft papers market over the forecast period. Kraft papers are primarily used for the production of corrugated and cardboard boxes, which are widely used packaging products.
It is expected to drive the global kraft papers market growth, over the forecast period. The factors which might hamper the growth of global kraft papers market are hike in price of kraft paper, and ongoing efforts to tackle deforestation.
Global kraft papers market: Regional Outlook
- North America
- Western Europe
- Asia-pacific except Japan (APEJ)
- Eastern Europe
- Latin America
- Middle-east and Africa (MEA)
- Japan
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The North America and Western Europe regions are expected to witness average growth as the markets already reached a saturation level. The APEJ and Middle East & Africa regions are expected to drive the global kraft papers market over the forecast period due to growth in industrial activities in the regions, especially in China and India are expected to offer lucrative opportunity.
Latin America and Eastern Europe regions are expected to register moderate growth in global kraft papers market due to growing food industry in the region. Japan already has the highest rate of recycling of paper products in the world. Therefore, Japan is expected to register sluggish growth in its kraft papers market.
The report covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Global kraft papers market: Segmentation
On the basis of product type,
- Specialty kraft paper
- Sack kraft paper
On the basis of grades,
- Bleached
- Unbleached
- Coated
- Uncoated
On the basis of application,
- Corrugated boxes
- Grocery & shopping bags
- Multiwall sacks
- Carryout bags
- Others
On the basis of end use industry,
- Food & beverages
- Electronics
- Construction
- Cosmetics and personal care
- Textile
- Others
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Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
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