Kraft Paper Market worth $18.7 billion by 2025 | Leading Players are Mondi (Austria), Segezha group (Russia), Klabin(Brazil), Billerudkorsnas (Sweden), Stora Enso (Finland), Daio Paper Construction (Japan), Nordic Paper (Sweden), Glatfelter(US), and Gasco
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In terms of value & volume, the bleached segment is projected to grow at the highest CAGR from 2019 to 2025.
The bleached segment of the kraft paper market is projected to grow at the highest CAGR during the forecast period, in terms of both value and volume. The growth of this segment is attributed to the increasing demand for bleached kraft papers in various end-use sectors, including food & beverage, healthcare, and cosmetics & personal care. One of the key advantages offered by bleached kraft papers is high strength, durability, and aesthetic appeal. Moreover, bleached kraft papers are recyclable and sustainable packaging materials, which encourages its demand globally.
In terms of value and volume, the corrugated boxes segment is estimated to lead the kraft paper market in 2019.
Complex supply chains and networks in the food & beverages industry require several processes to be integrated, to enable the inbound and outbound flow of sustainable packaging. Currently, several food & beverage packaging producers are using sustainable packaging solutions to enhance the efficiency of their operations by reducing the lead time required for delivering products to manufacturers/suppliers. Corrugated boxes are sturdy and offer enhanced protection solutions during transit, due to which it witnesses high demand across industries, particularly for transporting different products to suppliers. The demand for kraft paper-based corrugated boxes is witnessing an increase in the food & beverage industry, as it is a cost-effective solution and offers a competitive advantage in the market.
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In terms of value and volume, the Asia Pacific region is projected to lead the kraft paper market during the forecast period.
Asia Pacific is projected to dominate the kraft paper market during the forecast period. This is attributed to the increasing demand for sustainable, cost-effective, and recyclable packaging solutions in densely populated countries such as India and China. In addition, the growing population in these countries widens the customer base for FMCG products, food & beverages, which in turn, is projected to drive the growth of the kraft paper market in the region. Moreover, factors such as industrialization, growing middle-class population, rising disposable income, changing lifestyles of customers, and increasing awareness among customers pertaining to low packaging waste are projected to drive the demand for kraft paper market in the region.
Companies such as Mondi (Austria), Segezha group (Russia), Klabin(Brazil), Billerudkorsnas (Sweden), Stora Enso (Finland), Daio Paper Construction (Japan), Nordic Paper (Sweden), Glatfelter(US), and Gascogne Papier (Austria) are the key players operating in the kraft paper market. Expansions, investments, divestments, new product developments, and acquisitions are some of the major strategies adopted by these key players to enhance their position in the kraft paper market.
Key Questions Addressed by the Report:
• What are the global trends driving the demand for kraft papers? Would the market witness an increase or decline in demand in the coming years?
• What is the estimated demand for different types of kraft paper products?
• Where will the strategic developments take the industry in the mid- to long-term?
• What are the upcoming industry applications and trends for kraft paper?
• Who are the major players in the kraft paper market?
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