Due to the rising demand for environmentally friendly packaging options, the worldwide kraft paper market is anticipated to expand rapidly over the next several years. The kraft process is used to pulp wood chips to create kraft paper, commonly referred to as kraft linerboard. It is a robust, adaptable, and frequently used paper for printing and packaging applications. The market for kraft paper is anticipated to be worth US$ 15,941.3 million in 2022 and US$ 19,821.4 million in 2032. Over the projection period of 2022–2032, the market is anticipated to grow at a CAGR of 2.2%.
Request Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-5892
The rise in e-commerce and the growth of the packaging industry are the major factors driving the demand for kraft paper. The growth of the food and beverage industry, particularly in developing countries, is also expected to boost the demand for kraft paper. The increasing demand for sustainable packaging solutions is also contributing to the growth of the market.
The growth of the paper and pulp industry, particularly in Asia-Pacific and Europe, is also a key factor driving the demand for kraft paper. The increasing demand for packaging materials in the pharmaceutical, cosmetics, and personal care industries is also expected to boost the demand for kraft paper.
Request Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-5892
The growing popularity of biodegradable packaging materials is also a key factor driving the market growth. Kraft paper is a biodegradable material that is eco-friendly and biodegradable, which makes it a popular choice for packaging applications. The increasing focus on sustainability and reducing carbon footprint is expected to drive the demand for kraft paper in the coming years.
However, the availability of alternative packaging materials, such as plastic and metal, is a major challenge for the growth of the kraft paper market. The high cost of raw materials, such as wood pulp, is also a major challenge for the market growth.
In conclusion, the global kraft paper market is expected to witness significant growth in the coming years, driven by the increasing demand for eco-friendly packaging solutions and the growth of the packaging industry. The availability of alternative packaging materials and the high cost of raw materials may hinder the growth of the market. However, the increasing focus on sustainability and reducing carbon footprint is expected to drive the demand for kraft paper in the coming years.
Buy Now/Purchase @ https://www.futuremarketinsights.com/checkout/5892
Key Players:
- WestRock Company
- Mondi Group Plc.
- Canfor Corporation
- Natron-Hayat d.o.o.
- International Paper Company
- DS Smith Plc.
Key Segments Profiled in the Global Kraft Paper Market Report
Kraft Paper Market by Product Type:
- Specialty Kraft Paper
- Sack Kraft Paper
Kraft Paper Market by Application:
- Kraft Paper for Corrugated Boxes
- Kraft Paper for Grocery & Shopping Bags
- Kraft Paper for Multiwall Sacks
- Kraft Paper for Carryout Bags
- Kraft Paper for Other Applications
Kraft Paper Market by Grades:
- Bleached Kraft Paper
- Unbleached Kraft Paper
- Coated Kraft Paper
- Uncoated Kraft Paper
About Us:
Future Market Insights (ESOMAR certified 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
Contact Us:
Future Market Insights Inc.
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Browse all Reports: https://www.futuremarketinsights.com/reports
