The global kraft paper market is expected to experience 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 an environmentally friendly packaging material. 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.
The versatility of kraft paper allows it to be utilized in a wide range of applications, including carryout bags, grocery and shopping bags, gift wrapping, and multiwall shipping sacks. Its strength, attributed to its lower lignin content and higher sulfur ratio, sets it apart from other types of paper.
The environmental friendliness of paper-based packaging is highly valued by industries. Corrugated boxes, for example, contribute to reducing packaging waste as they can be recycled and repurposed. The demand for kraft paper is driven by logistics services.
Innovation within the kraft paper market is led by start-ups introducing new packaging options such as consumer-friendly bags, stand-up pouches, and zipper pouches. The medical sector also utilizes kraft paper that is manufactured using long softwood strands to provide the necessary flexibility and tensile strength.
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One potential challenge for the kraft paper market is the lack of awareness in low-income nations. Increasing awareness and addressing this knowledge gap could be crucial in expanding the market in those regions.
The market analysis and study of the kraft paper market were conducted by Future Market Insights, involving a team 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.
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.
Outlook of the North American, European, and Asia Pacific Kraft Paper Markets
North American Kraft Paper Market Outlook:
- North America is expected to dominate the global kraft paper market in terms of revenue.
- The region’s rapidly expanding packaging industry, particularly in the United States, is a key growth factor.
- Kraft paper’s exceptional folding resistance and toughness make it a preferred raw material in the packaging sector.
- Increased demand for kraft paper in packaging, driven by the need for enhanced compression performance during logistics, fuels market growth.
- Extensive application for gift wrapping also contributes to the demand for kraft paper in North America.
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European Kraft Paper Market Outlook:
- The European market is expected to hold a significant share of the global kraft paper market.
- The region’s expanding food industry drives demand for kraft paper, particularly in food packaging.
- Kraft paper’s strength and suitability for packaging food products like sugar, wheat, and dried fruits contribute to its adoption.
- Food safety regulations and increased demand for food packaging materials further propel the use of kraft paper in Europe.
Asia Pacific Kraft Paper Market Outlook:
- The Asia Pacific market is projected to experience the fastest growth in the kraft paper market.
- High demand for kraft paper in populous countries like India and China drives market growth.
- Kraft paper is used in packaging to achieve cost savings, sustainability, and safety of packaged items.
- Industries such as food and beverage, consumer durables, healthcare, and construction contribute to the rising demand for kraft paper in the region
Key Benefits for Kraft Paper Market:
- Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- Major countries in each region have been mapped according to their individual revenue contribution to the global/regional market.
- It outlines the current trends and future scenario of the market from 2022 to 2032 to understand the prevailing opportunities and potential investment pockets.
- The profiles of key players along with their key strategic developments are enlisted in the report.
- The key drivers, restraints, and opportunities and their detailed impact analyses are elucidated in the study.
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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
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
About FMI
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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.
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