Kraft Paper Market Size, Industry Share | Forecast 2028

According to Precision Business Insights (PBI), the latest report, the global kraft paper market is expected to be valued at USD 16,142.8 million in 2021 and is expected to grow at a CAGR of 3.2% from 2022-2028. The primary drivers of the expansion of the global kraft paper market include initiatives taken by organizations to reduce the usages of carbon footprint, increasing demand for frozen and packaged food, sustainable and eco-friendly packaging.

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Furniture industry to dominate the kraft paper market:
Kraft paper market is prominently used by the furniture industry which is expected to fuel the kraft paper market growth, because of the rise in the global population it is leading to fuel the growth of the residential construction industry which is anticipated to propel the market growth of the furniture industry. Where, it is leading to the growth of the market size. Eventually, the growth of the population is also demanding additional food which is predicted to push the market growth of the food and beverage market. Hence, the growth of furniture industry and food & beverage sector is likely to drive the global kraft paper market growth.

North America Kraft Paper Market:
North America is expected to become the world market of kraft paper worldwide and acquire the market in the coming years owing to the increasing packaging business in the region. The European markets is also significantly showing up a decent growth rate after the North American region, due to its expanding food industry. The Asia Pacific region is also expected to drive the market, due to increased demand for kraft papers in its highly populated nations such as India and China.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global kraft paper market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.

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The global kraft paper market is segmented based on product type, weight, application, end-user and geography:
Based On the Product Type, The Market is Segmented into the Following:
• Bleached White
• Unbleached
• Sacked kraft
• Natural Brown
• Natural Recycled Kraft Paper
• Others

Based On the Weight, The Market is Segmented into the Following:
• 30 GSM
• 30-90 GSM
• 90-120 GSM
• 120-200 GSM
• 200 GSM
• Others

Based On the Application, The Market is Segmented into the Following:
• Corrugated Boxes
• Industrial Bags
• Grocery Bags
• Envelopes
• Wrapping
• Book Covers
• Floor Protection Liners
• Others

Based On the End-user, The Market is Segmented into the Following:
• Manufacturing Industries
• Buildings & Construction
• Food & Beverages
• Automotives
• Others

Based On the Geography, The Market is Segmented into the Following:
• North America
• Europe
• Asia-Pacific
• South America
• MEA

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Key players' profiles in the kraft paper market report are Mondi Group, Segezha Group, Klabin, Daio paper construction, West rock company, Stora enso, Canfor corporation, Ds smith plc, Nordic paper, International Paper Company.

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