With a CAGR of 2.2%, it is predicted that by 2032, the worldwide kraft paper market would have grown from its current value of US$ 15.94 billion to US$ 19.82 billion.
Kraft paper is now one of the materials used to facilitate packing due to its minimal environmental impact. The kraft process is used to make these papers. They employ a variety of fibres. The sheets’ surface is rough. The bread sector can benefit from using Kraft paper as well.
Kraft paper can be used for a variety of things, including carryout bags, grocery and shopping bags, gift wrapping, and multiwall shipping sacks. Kraft paper shows to be stronger than other forms of paper because it has a lower lignin content and a higher sulphur ratio.
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Industries profit from paper-based packaging since environmental friendliness is a high focus. Corrugated boxes help to reduce packing waste because they can be recycled and used for other things. Logistics services dominate the market for kraft paper.
The start-ups are creating new kraft paper packaging choices like consumer-friendly bags, stand-up pouches and zipper pouches. Moreover, the medical sector makes use of kraft paper. Long softwood strands are used in its manufacturing to provide it the appropriate flexibility and tensile strength.
Lack of awareness about kraft paper in low-income nations may potentially be a market restraint. Future Market Insights provided analysis of these data in its most recent market study, “Kraft paper Market.” It is being carried out by a group of analysts and consultants with macros and micros in place.
Competitive Landscape
- Smurfit Kappa does employ innovative technologies for helping and collecting data from across the globe for tabling new inventions every single day. The tools available include PackExpert, Magic Hat, Store Visualizer, Shelf Viewer, Innobook, and Paper to Box.
- Mondi Group Plc operates across value chain comprising paper production, pulp, and wood. The raw materials are inclusive of wood yard, chemical cycle of pulp mill, and pulping process. The company has created ‘advantage formable brown’, a specialist kraft paper grade. It is getting used in several food packaging applications like packing meat and fish. The thermoformable properties, with being multi-layered, helps it in the packaging sector.
- Segezha Group, in March 2021, entered into agreement with Bellmer for building a novel paper machine at the former’s paper factory based out of Sokol (Vologda). The new-fangled machine is expected to come live by the year 2023.
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Key Takeaways from Kraft Paper Market
- North America holds more than 27% of the market share. This could be credited to continuously expanding demand for kraft paper in the wake of rapid industrialization. DIY kraft-inspired invitations and decorations could save financials on weddings and gatherings.
- Europe holds more than 20% of the market share due to expanding food & beverages vertical. Natural kraft paper is amongst the strongest kinds of paper and used for packaging foods such as wheat, sugar, vegetables, and dried fruits.
- The Asia-Pacific is expected to witness a sizable market share in the forecast period with countries like China and India dominating the market.
Key Segments Profiled in the Global Kraft Paper Market Report
Kraft Paper Market by Product Type:
- Specialty Kraft Paper
- Sack Kraft Paper
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Kraft Paper Market by Application:
- Kraft Paper for Corrugated Boxes
- Kraft Paper for Grocery & Shopping Bags
- Kraft Paper for Multiwall Sacks
- Kraft Paper for Carryout Bags
- Kraft Paper for Other Applications
Kraft Paper Market by Grades:
- Bleached Kraft Paper
- Unbleached Kraft Paper
- Coated Kraft Paper
- Uncoated Kraft Paper
Kraft Paper Market by End Use:
- Kraft paper for Food & Beverages
- Kraft paper for Electronics
- Kraft paper for Construction
- Kraft paper for Cosmetics and Personal Care
- Kraft paper for Textile Manufacturing
- Kraft paper for Other End Uses
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