Introduction
Welcome to the comprehensive guide on the Kraft Liner Market, a versatile and eco-friendly packaging material that has gained immense popularity in recent years. In this article, we will delve into the various aspects of the Kraft Liner Market, from its definition and manufacturing process to its applications, advantages, and future trends.
What is the Kraft Liner Market?
Kraft Liner is a type of paperboard with high tear resistance and durability, primarily used for packaging purposes. It is manufactured using the Kraft pulping process, which involves chemical treatment of wood fibers to remove lignin, resulting in a strong and sturdy paperboard. The Kraft Liner Market has seen substantial growth due to its eco-friendly characteristics and extensive applications in various industries.
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.
Future Trends and Innovations in the Kraft Liner Market
The Kraft Liner Market is expected to witness significant developments and innovations in the coming years:
- Advanced Coating Technologies: Manufacturers are investing in research and development to create Kraft Liner with enhanced coating technologies for improved performance and moisture resistance.
- Sustainable Initiatives: With the growing focus on sustainability, the industry is likely to adopt more sustainable practices, such as sourcing wood pulp from responsibly managed forests.
- Lightweight Solutions: There is a trend toward developing lightweight Kraft Liner materials to reduce transportation costs and environmental impact.
- Biodegradable Additives: Companies are exploring biodegradable additives to enhance the biodegradability of Kraft Liner even further.
Applications of Kraft Liner
The Kraft Liner Market finds extensive applications across diverse industries:
- Food and Beverage Packaging: Kraft Liner is widely used for packaging food products, such as cereals, dry fruits, bakery items, and dairy products.
- Consumer Goods: It is used for packaging personal care products, like soaps, detergents, and cosmetics.
- E-commerce Packaging: With the rise of online shopping, Kraft Liner is a preferred choice for eco-friendly and secure e-commerce packaging.
- Industrial Packaging: Kraft Liner is utilized for packing heavy-duty industrial products like machinery parts and equipment.
- Agricultural Packaging: It is used for packaging seeds, fertilizers, and agricultural produce.
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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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