Kraft Paper Market to expand at CAGR of 3.9% Between 2018 - 2026

Kraft Paper is produced by Kraft (chemical) pulp, has high toughness handling capacity and printability. Kraft Paper is widely used in the packaging industry, by converting it into bags, pouches, wrapping papers, cans, cartons, corrugated sheets including others. Kraft pulp, which is used for the manufacturing of Kraft Paper, is comparatively darker than other than other wood pulps. Kraft Paper can be bleached to improve its brightness and is also used for the purpose of handling heavy duty items.

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Kraft pulping technology has better performance than other pulping technologies which implies its usage, it is employed in approximately 80% of the total paper production. Kraft Paper is available with different characteristics across the world which includes sack Kraft Paper and specialty Kraft Paper. The demand for customization is increasing due to growing consumer bargaining power and improving technical specification qualities. Specialty Kraft Paper basically includes two types of paper: machine glazed and machine finished Kraft Paper. Machine glazed papers are used for packaging of end use based products, which has high consumer appeal. Machine glazed paper applications ranges from consumer goods to fat-resistant papers, fast food markets, barrier paper for butter & other dairy packaging among others.

The Global Kraft Paper market is segmented as per basis weight, product type, grade type, finish type, application and end use. There are a variety of Kraft Papers available in wide range of basis weight, which basically tells about the density of Kraft Paper. Thickness of Kraft Paper affects its applications, and usually increment in its thickness improves its quality. Sack & specialty Kraft Papers are available in different thickness options & finishing type, which enhances their performance capabilities. Kraft Paper can be used without bleaching or it can be bleached to improve its dullness. Bleached Kraft Paper has less effect of Ultra-violet rays on its brightness and breaking length. Bleached Kraft Paper also has better properties as compared to unbleached Kraft Paper. Unbleached Kraft Paper is used for industrial purpose or to handle large and bulky items.

The demand for bleached Kraft Paper is driving the global Kraft Paper market. Kraft Paper usage is witnessing improvement in statistics due to increasing use of packaging paper. Kraft Paper is also classified on the basis of finish type which includes glazed and finished type. Finished type of Kraft Papers are used where smoothness of paper is a key concern, and scores high in terms of toughness. Kraft Paper application include bags & pouches, corrugated sheets, cartons, sacks, envelopes, and composite cans. The usage of bags and pouches is increasing due to consumer demands and need for convenient packaging. Sacks are widely used in manufacturing facilities and industries, which produces powdered materials and other fertilizers. Kraft Paper is used in making corrugated boxes and other corrugated materials by making two layers of Kraft Paper on a corrugated material. Corrugated sheets are used for making folding cartons, boxes, rolls and other packaging solutions. Composite cans have variety of product types available, based on its production technique, closure type, can diameter and its uses. Composite cans are often replaced by Wrapping paper bags and other pouches, but have number of applications in other industries than food & beverages.

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Softwood fibers used for Kraft pulping process, which provides high folding strength and has better printability than hardwood pulp which are comparatively shorter. Softwood Pulp used for Kraft Paper manufacturing is excellent material for printing paper, Kraft Papers, text papers, offset papers.

The manufacturing process of Kraft Paper has better recovery of waste released from the Kraft pulping process. Kraft Paper can be manufactured by recovered papers which can be magazines, newspapers, office papers, and other packaging paper exclusive of paper used in food applications. Almost of all the paper & paperboard production, more than half is covered by packaging paper, which includes packaging paper.

Specialty Kraft Paper segment market was valued at US$ 2,553.5 Mn in 2017 and is projected to expand at a CAGR of 4.2% over the forecast period 2018-2026. On the basis of product type, Kraft Paper market is estimated to create an incremental opportunity of US$ 5,988.5 Mn, during the forecast period. The Electronics & Electrical and Cosmetics segment are cumulatively estimated to account for a market value share of US$ 29.2%, in 2018. Bleached Kraft Paper segment is projected to expand at CAGR of 4.2%, mainly attributed to increasing consumer demands

Kraft Paper Market: Competitive Landscape

Key manufacturers in the Kraft Paper market include Mondi Group, Smurfit Kappa Group Plc, WestRock Company, Kapstone Paper & Packaging, Stora Enso, International Paper, Billerudkorsnas AB, Canfor Corporation, Natron Hayat d.o.o., Georgia Pacific LLC

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