Introduction
When it comes to the packaging industry, Kraft liner has emerged as a fundamental material known for its strength, versatility, and eco-friendly properties. This article delves into the Kraft Liner Market, shedding light on its significance, production processes, applications, and future market trends. Whether you are a business professional, investor, or someone interested in sustainable packaging solutions, this comprehensive guide is here to cater to your informational needs.
Kraft Liner Market: An Overview
Kraft Liner is a type of paperboard made from wood pulp obtained through the Kraft process. This liner is widely used in the packaging industry due to its remarkable strength, tear resistance, and excellent printability. Its eco-friendly nature makes it a preferred choice for sustainable packaging solutions. Let’s explore the various aspects of the Kraft Liner Market.
The kraft liner market is poised for gradual growth with a projected CAGR of 1.7% throughout the forecast period, propelling its value from US$ 21,338.2 million in 2023 to an estimated US$ 25,606.3 million by 2033. Witnessing a Y-o-Y growth of 1.7% in 2023, the market’s steady ascent started from US$ 20,988.6 million at the close of 2022.
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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.
Growth Drivers of the Kraft Liner Market
The Kraft Liner Market has witnessed substantial growth over the years, and several factors have contributed to its expansion. Some of the key drivers include:
- Growing Demand for Eco-Friendly Packaging: As consumers become increasingly conscious of environmental issues, the demand for sustainable and biodegradable packaging materials like Kraft liner has surged.
- Rise of E-commerce and Online Shopping: With the rapid growth of e-commerce, the need for secure and durable packaging to protect goods during transportation has escalated, driving the demand for Kraft liner.
- Advancements in Packaging Technology: Innovations in packaging technology have led to the development of high-performance Kraft liner with enhanced properties, catering to diverse industries.
- Preference for Recyclable Materials: Businesses and consumers alike are choosing recyclable materials to reduce their carbon footprint, making Kraft liner an attractive option.
- Growth in Food Delivery Services: The thriving food delivery industry requires reliable packaging to ensure food safety and quality, boosting the demand for Kraft liner in this sector.
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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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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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