According to predictions by Future Market Insights, the global kraft paper market is expected to grow at a compound annual growth rate (CAGR) of 2.2% and reach a value of US$19.82 billion by 2032, compared to its current value of US$15.94 billion.
Kraft paper is gaining popularity as a packing material due to its minimal environmental impact. It is produced using the kraft process and various types of fibers, resulting in rough-surfaced sheets. The bread sector, in particular, can benefit from using kraft paper as a packaging material.
Kraft paper has a wide range of applications, including carryout bags, grocery and shopping bags, gift wrapping, and multiwall shipping sacks. It is known for its strength compared to other types of paper, thanks to its lower lignin content and higher sulfur ratio.
Industries appreciate paper-based packaging for its environmental friendliness. Corrugated boxes, for example, can be recycled and repurposed, helping to reduce packing waste. Logistics services play a dominant role in the kraft paper market, as the demand for efficient packaging and shipping solutions continues to rise.
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Start-ups are innovating new kraft paper packaging options, such as consumer-friendly bags, stand-up pouches, and zipper pouches, to cater to evolving consumer preferences. Additionally, the medical sector utilizes kraft paper, which is manufactured using long softwood strands to provide the necessary flexibility and tensile strength for medical packaging applications.
One potential constraint for the kraft paper market is the lack of awareness in low-income nations. Increasing knowledge and awareness about the benefits and applications of kraft paper in these regions could be crucial for expanding the market further.
The market analysis and study of the kraft paper market were conducted by Future Market Insights, involving a group of analysts and consultants who examined both macro and micro factors in their research.
Competitive Landscape
- Smurfit Kappa does employ innovative technologies for helping and collecting data from across the globe for tabling new inventions every single day. The tools available include PackExpert, Magic Hat, Store Visualizer, Shelf Viewer, Innobook, and Paper to Box.
- Mondi Group Plc operates across value chain comprising paper production, pulp, and wood. The raw materials are inclusive of wood yard, chemical cycle of pulp mill, and pulping process. The company has created ‘advantage formable brown’, a specialist kraft paper grade. It is getting used in several food packaging applications like packing meat and fish. The thermoformable properties, with being multi-layered, helps it in the packaging sector.
- Segezha Group, in March 2021, entered into agreement with Bellmer for building a novel paper machine at the former’s paper factory based out of Sokol (Vologda). The new-fangled machine is expected to come live by the year 2023.
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Key Takeaways from Kraft Paper Market
- North America holds more than 27% of the market share. This could be credited to continuously expanding demand for kraft paper in the wake of rapid industrialization. DIY kraft-inspired invitations and decorations could save financials on weddings and gatherings.
- Europe holds more than 20% of the market share due to expanding food & beverages vertical. Natural kraft paper is amongst the strongest kinds of paper and used for packaging foods such as wheat, sugar, vegetables, and dried fruits.
- The Asia-Pacific is expected to witness a sizable market share in the forecast period with countries like China and India dominating the market.
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
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Kraft Paper Market by Grades:
- Bleached Kraft Paper
- Unbleached Kraft Paper
- Coated Kraft Paper
- Uncoated Kraft Paper
Kraft Paper Market by End Use:
- Kraft paper for Food & Beverages
- Kraft paper for Electronics
- Kraft paper for Construction
- Kraft paper for Cosmetics and Personal Care
- Kraft paper for Textile Manufacturing
- Kraft paper for Other End Uses
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