In 2023, the market for kraft packaging might be valued at US$ 38.9 billion. Sales of Kraft packaging are anticipated to grow at a 5.4% CAGR and reach $65.2 billion by 2033.
Kraft paper is a versatile packaging material that can be shaped into a variety of shapes and sizes. It is noted for its strength and lifespan. Manufacturers keep a careful eye on trends in the kraft paper sector to seize possibilities. During the projection period, premium brands are anticipated to use anti-slip packaging and wrapping solutions more frequently, opening up lucrative market opportunities. The demand for boxes and cartons is rising globally, enhancing market characteristics.
As plastic pollution is increasing, sustainable packaging solutions have become prevalent, thereby fueling demand for kraft packaging. Consumers are becoming more interested in eco-friendly packaging to protect the environment. Kraft paper is produced from all-natural materials, making it a green alternative.
Kraft packaging is used in various industries such as food & beverages, pharmaceuticals, and e-commerce. Kraft packaging has grown popular due to its strength and sturdiness and is used in packaging applications for wrapping individual products and creating sturdy carton and rigid boxes.
Due to its durability, elasticity, and environmentally friendly benefits, kraft packaging is widely used in e-commerce. The versatility of kraft packaging will improve the look and feel of the products, reduce shipping costs, and enhance the branding of the company with printing techniques like CMYK offset printing and spot UV finish.
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Kraft packaging is easily customizable and can make unique packaging shapes effectively and easily. This makes kraft packaging superior to others because every packaging material does not allow manufacturers to make customizable shapes easily.
Customized printing in kraft packaging helps to promote the brand by printing tagline, logo, slogan, and product information and enhances the beauty of the packaging. Black printing, white printing, full-color printing, and vivid color printing can be used on kraft packaging. Printed and customized kraft paper packaging stands out from other packaging and the experience of unboxing is also different. This increases the acceptability of kraft packaging, which will further boost the sales.
“Growing preference for biodegradable packaging solutions in the e-commerce sector, along with increasing usage of kraft boxes for food packaging will create opportunities for growth in the market,” says an FMI analyst.
Key Takeaways:
- Based on product type, the boxes segment is projected to account for 21.6% of the total market share by 2032.
- As per end use industry, sales in the e-commerce segment will increase 6.5% CAGR over the assessment period.
- The U.S. will continue dominating the North America kraft packaging market over the assessment period.
- Demand for kraft packaging in Germany is expected to create an absolute opportunity of US$ 21.1 Bn over the forecast period.
- South Asia and East Asia are expected to dominate the global kraft packaging market over the forecast period.
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Competition Landscape
Amcor plc, DS Smith, Packaging Boxes Pro, Sappi Limited, International Paper Inc., Fshiny Packaging Manufacturer, Canadian Kraft Paper Ltd., Foshan DXC Packaging Co., Ltd., WestRock Company, Stora Enso Oyj, Smurfit Kappa Group plc, Nippon Paper Group, Mondi Group Plc., Ahlstrom-Munksjö Oyj, BillerudKorsnäs AB, Sukraft Papers Private Limited, French Paper Company.
Global Kraft Packaging Market Report
Future market insights, in its new report, offers an unbiased analysis of the global market for kraft packaging market by product type (bleached kraft paper, and unbleached kraft paper), by packaging type (boxes, bags pouches, cartons, clamshells, wraps, sacks, and others (sachet, mailers, corrugated sheets, etc.)) by end use (food & beverages, pharmaceuticals, building & construction, cosmetic & personal care, electrical & electronics, e-commerce, automotive, textile, and agriculture) across seven regions.
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Global Kraft Packaging Market By Category
Product Type:
- Bleached Kraft Paper
- Unbleached Kraft Paper
Packaging Type:
- Boxes
- Bags
- Pouches
- Cartons
- Clamshell
- Wraps
- Sacks
- Others (Sachets, Mailers, Corrugated Sheet, etc.)
End Use:
- Foods & Beverages
- Pharmaceuticals
- Building and Construction
- Cosmetics & Personal Care
- Electrical & Electronics
- E-Commerce
- Automotive
- Textile
- Agriculture
Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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