The global kraft paper pouches market is currently valued at a substantial US$2.3 billion in 2023 and is on a trajectory of steady growth, with an expected compound annual growth rate (CAGR) of 3.2%. This upward trend is expected to catapult the market to a valuation of US$3.1 billion by the year 2033. Several key factors are propelling this expansion.
Firstly, kraft paper pouches are gaining increasing prominence in the packaging industry. Their versatile applications in packaging, including being converted into pouches, bags, wrapping paper, cartons, and corrugated sheets, have fueled their demand across various sectors. Notably, kraft paper pouches have found favor in end-use industries such as food, agriculture, healthcare, personal care, cosmetics, and more.
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A major catalyst for market growth is the global shift towards eco-friendly products. The eco-conscious consumer base, coupled with a rising trend in sustainability, has led to a surge in demand for kraft paper pouches as they are biodegradable and recyclable.
Furthermore, the effects of rapid urbanization and increased consumer spending power are evident. As urbanization continues, the demand for conveniently packaged products rises, which, in turn, drives the use of kraft paper pouches. The affordability and practicality of these pouches have made them particularly appealing to cost-conscious consumers.
North America stands out as a dominant player in the global kraft paper pouches market, reflecting the region’s adoption of sustainable packaging solutions. As the lifestyle of consumers continues to evolve, modernization progresses, and individual income levels grow, these factors are anticipated to further stimulate the growth of the kraft paper pouches market, making them an indispensable component of the global packaging landscape.
The Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Kraft Paper Pouch
With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.
In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the industry.
Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Kraft Paper Pouch industry. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.
Key Takeaways and Projections
- The U.S. is expected to lead the North America Kraft Paper Pouch market, projecting the fastest growth in the region between 2023 and 2033
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2033.
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Report Benefits & Key Questions Answered
- Historical Market Analysis: The detailed survey by FMI, examines key factors in the Kraft Paper Pouch market that affected the growth in the industry for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Kraft Paper Pouch industry for the forecast period 2023-2033.
- Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Kraft Paper Pouch for the assessment period. As per the study, the demand for will grow at a robust CAGR between 2023 and 2033.
- Market Trend Analysis: The latest study by FMI on the Kraft Paper Pouch market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist industry players in constructing an effective strategy to capitalize on them.
Competitive Landscape Analysis
The industry survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of industry. The survey provides a thorough industry share analysis to offer an in-depth analysis of prevailing competition.
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Key Segmentation:
Based on Capacity:
- Less than 500 gm
- 500-1000 gm
- More than 1000 gm
Based on End-use Industry:
- Food & Beverages
- Agriculture
- Healthcare & Pharmaceuticals
- Personal Care
- Electrical & Electronics
- Others
Based on Region:
- Rack mount
- Portable
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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