The market for kraft liners is expanding steadily and is anticipated to reach a notable value of US$ 22.84 billion by 2033. This forecast shows a significant increase from its projected value of US$18.73 billion in 2023. The market is anticipated to grow at a CAGR of 2.0% between 2023 and 2033.
Kraft liner is a type of packaging material made from virgin pulp derived from the kraft process. It is a heavy-duty paperboard that offers excellent strength and durability, making it suitable for various applications in the packaging industry. Kraft liner is widely used for the production of corrugated boxes, cartons, and other packaging solutions.
The rising demand for sustainable packaging solutions and the growing e-commerce industry have been key drivers for the Kraft liner market. Additionally, the shift towards eco-friendly materials and the need for lightweight packaging has further propelled the demand for Kraft liner.
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Key Takeaways of Kraft Liner Market Study
- Due to growing demand for packaged food across the world, food grade kraft liners are estimated to hold the largest market share during 2019-2029.
- Increasing demand for high strength and printable packaging solutions from large- to medium-scale enterprises is expected to offer lucrative opportunities to manufacturers offering bleached kraft liner solutions in the next decade.
- Corrugated boxes is estimated to be the leading segment in terms of application of kraft liner solutions, and is projected to remain the leading segment over the forecast period.
- e-Commerce end use is projected to witness fast-paced growth, owing to the high demand for kraft liner solutions from this industry, followed by electrical and electronics packaging.
- High growth in the manufacturing & retail sector, and increasing disposable income of consumers in China and India, make this region lucrative for investments. Manufacturers in the kraft liner market can focus on acquisitions and expansion in this region to improve their market share.
Market Analysis and Growth Trends
The Kraft liner market has witnessed significant growth in recent years, driven by the increasing demand for sustainable packaging materials and the growth of the e-commerce industry. The rising awareness regarding environmental concerns and the need for recyclable packaging solutions have propelled the adoption of Kraft liner across various sectors.
Furthermore, the surge in online shopping and the subsequent need for reliable and sturdy packaging materials have further fueled the demand for Kraft liner. The market is also witnessing technological advancements in the production process, leading to improved quality and cost-effectiveness.
Future Outlook and Opportunities
The future of the Kraft liner market looks promising, driven by various factors such as increasing consumer demand for eco-friendly packaging, stringent regulations on plastic packaging waste, and the continuous growth of e-commerce. As businesses and consumers prioritize sustainable practices, the demand for Kraft liner is expected to rise.
Moreover, technological advancements in the manufacturing process will likely lead to further improvements in the quality and efficiency of Kraft liner production. Innovations in coating techniques, enhanced printability, and moisture resistance properties will open up new opportunities for Kraft liner in specialized packaging applications.
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The Major Players Are-
- WestRock Company
- DS Smith Plc
- Mondi Plc
- Stora Enso Oyj
- International Paper Company
- BillerudKorsnäs AB
- Metsä Board Oyj
- Klabin SA
- others
Product Launch – Key Strategy of Manufacturers in Kraft Liner Market
Key manufacturers in the kraft liner market are focusing on product launches, divestiture, and capacity expansion. Leading players are also focusing on the development of innovative packaging formats using kraft liners, which can be an efficient replacement for plastic packaging solutions.
- In March 2019, WestRock Company introduced new coated paper in response to the premiumization trend followed by the manufacturers of consumer and luxury goods.
- In October 2019, DS Smith Plc provided the Retail Ready Packaging (RRP) solution to Morrisons’ Best Bacon sizzles.
- In September 2017, International Paper Company invested US$ 300 Mn to convert its paper machine at the Riverdale Mill in Selma, Ala from uncoated free sheet to high quality white-top linerboard and containerboard.
Key Segments Covered in Kraft Liner Industry Research
Kraft Liner Market by Product:
- Unbleached
- Bleached
Kraft Liner Market by Basis Weight:
- Below 200 GSM
- 200-400 GSM
- Above 400 GSM
Kraft Liner Market by Application:
- Corrugated Sheets
- Corrugated Boxes
- Container Boards or Solid Boards
Kraft Liner Market by End use:
- Food
- Processed Food
- Fresh Produce
- Dairy Products
- Food Grains
- Confectionery & Bakery
- Other Foods
- Beverages
- Alcoholic
- Non-alcoholic
- Electrical & Electronics
- Industrial
- Consumer
- Healthcare
- Tobacco
- Automotive & Allied Industries
- e-Commerce
- Chemicals & Fertilizers
- Building & Construction
- Others
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