Introduction
When it comes to packaging, strength and durability are paramount. Kraft liner, a type of paperboard known for its exceptional strength and versatility, has revolutionized the packaging industry. This article aims to provide you with a thorough understanding of the Kraft Liner Market, its growth trajectory, applications across various sectors, and insights from industry experts.
Kraft Liner Market: Unveiling its Significance
Kraft liner is a high-strength paperboard typically made from wood pulp that is treated with the kraft process, giving it exceptional durability. It’s widely used for packaging due to its ability to withstand pressure and maintain its structural integrity. This market has witnessed significant growth over the years, driven by the rising demand for sustainable and sturdy packaging solutions across 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$ 25.6063 billion 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 Trends in the Kraft Liner Industry
The Kraft Liner Market has experienced remarkable growth, primarily due to its eco-friendly nature and widespread applications. Some of the noteworthy trends contributing to its expansion include:
- Sustainability in Packaging: With increasing environmental consciousness, businesses are leaning towards sustainable packaging solutions. Kraft liner, being biodegradable and recyclable, aligns perfectly with this trend.
- E-Commerce Boom: The rapid growth of e-commerce has spurred demand for robust packaging that can protect products during transit. Kraft liner’s strength and cushioning properties make it a popular choice in this sector.
- Food and Beverage Sector: Kraft liner is often used for food packaging due to its food-grade quality and ability to preserve freshness. It’s also favored for its printability, allowing brands to enhance their packaging aesthetics.
Applications Across Industries
The versatility of Kraft liner extends to a wide array of industries, making it a cornerstone of modern packaging solutions. Some key applications include:
- Consumer Goods: From electronics to cosmetics, Kraft liner packaging ensures products reach consumers in pristine condition.
- Industrial Goods: Heavy machinery and equipment are safeguarded during transportation and storage using Kraft liner packaging.
- Agriculture: Kraft liner is used in packaging seeds, fertilizers, and agricultural products, maintaining their quality.
- Retail Sector: Its natural, rustic appearance appeals to brands seeking an earthy packaging design, aligning with the organic and natural product trends.
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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.
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