The market for unbleached kraft paperboard is predicted by Future Market Insights to be worth US$ 6.5 billion in 2023 and to continue growing at a CAGR of 5.0% to reach US$ 10.6 billion by 2033. The top 5 nations are forecast to occupy between 30 and 40% of the market in 2023, which is expected to boost sales of unbleached paper.
Unbleached kraft paperboard is more in demand in the packaging sector due to its durability, affordability, and sustainability as well as its light weight. During the projected period, it is expected that the unbleached kraft paperboard market would increase by 1.6 times its current market value.
The report conducts an in-depth analysis of factors causing the change in consumer behavior and purchasing patterns. It also provides refined sales projections to assist market players in identifying remunerative segments.
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The Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Unbleached Kraft Paperboard
With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.
In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.
Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Unbleached Kraft Paperboard market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.
Key Unbleached Kraft Paperboard Market Takeaways and Projections
- The U.S. is expected to lead the North America Unbleached Kraft Paperboard market, projecting the fastest growth in the region between 2023 and 2033
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2033.
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Report Benefits & Key Questions Answered
- Unbleached Kraft Paperboard Historical Market Analysis: The detailed survey by FMI, examines key factors in the Unbleached Kraft Paperboard market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Unbleached Kraft Paperboard market for the forecast period 2023-2033.
- Unbleached Kraft Paperboard Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Unbleached Kraft Paperboard for the assessment period. As per the study, the demand for Unbleached Kraft Paperboard will grow at a robust CAGR between 2023 and 2033.
- Unbleached Kraft Paperboard Market Trend Analysis: The latest study by FMI on the Unbleached Kraft Paperboard market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Unbleached Kraft Paperboard market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
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Unbleached Kraft Paperboard Market by Category
By Product Type, Unbleached Kraft Paperboard Market is segmented as:
- Folding Carton Boxes
- Rigid Boxes
- Rigid Tubes
- Others (Inserts, Dividers, Mailers, etc.)
By Coating Type, Unbleached Kraft Paperboard Market is segmented as:
- Coated
- Uncoated
By End Use, Unbleached Kraft Paperboard Market is segmented as:
- Food & Beverage
- Pharmaceutical
- Consumer goods
- Electrical & Electronics
- Automotive & Chemical
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