Kraft Paper Boxes Market Increase in Demand For Kraft Papers In Various End-Use Industries

According to Precision Business Insights (PBI), the latest report the global kraft paper boxes market is expected to be worth USD 16,366.8 million in 2023 and projected to grow at a 3.7% CAGR during the forecast period 2023-2029. Kraft paper is utilized as a raw material in the packaging sector due to its superior folding resistance and durability. It is required to have high-strength compression performance for packaging because several products are to be transported by logistics and during the transport process create some packaging problems, which increases the demand for kraft paper in the market for packaging and is expected to drive the market growth rate.

View the detailed report description here - https://precisionbusinessinsights.com/market-reports/kraft-paper-boxes-market

The kraft paper boxes market is segmented based on grade, packaging, application and geography.
Based on the Grade, the market is segmented into the following:
• Unbleached
• Bleached
• Wrapping & Packaging
• Sack Kraft Paper
• Others

Based on Packaging, the market is segmented into the following:
• Corrugated boxes
• Grocery bags
• Industrial bags
• Wraps
• Pouches
• Envelopes

Based on Application, the market is segmented into the following:
• Foods & beverage
• Pharmaceuticals
• Building and construction
• Cosmetics & personal care
• Others

Based on Geography, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• MEA

The Corrugated boxes Segment is Dominating the Kraft Paper Boxes Market:
The Corrugated boxes segment is expected to account for a larger revenue share and the market is expected to grow at double digit growth rate over the forecast years owing to increase to the COVID-19 epidemic, around 45 percent of customers in Central and Eastern Europe choose online purchasing. According to studies and polls, new internet shoppers are likely to continue purchasing online. Almost 80% of Central and Eastern Europeans value the use of a sustainable strategy and eco-friendly materials in corrugated boxes used for packing.

North America Leads Kraft Paper Boxes Market:
North America is expected to hold significant market share in the global Kraft Paper Boxes market and is projected to grow at a prominent growth rate over the forecast years owing to the rising demand for kraft sheets in densely populated countries such as India and China is attributed to the Asia Pacific region's expansion, since it is used in the manufacture of packaging to ensure cost savings, sustainability, and the safety of packed commodities. Furthermore, the growing usage of kraft papers in the food and beverage, consumer durable goods, healthcare, and construction industries is likely to drive the Asia Pacific kraft paper market forward.

Request sample report at https://precisionbusinessinsights.com/request-sample/?product_id=747680

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

Key player's profiles in the kraft paper boxes market report are Mondi (UK), Segezha group (Russia), Klabin SA (Brazil), Billerudkorsnas (Sweden), Stora Enso (Finland), Daio Paper constrution (Japan), Nordic Paper (Sweden), Glatfelter (US), Gascogne Papier (Austria), Glatfelter Corporation (US), Tokushu Tokai Paper Co., Ltd. (Japan), Goodwin Robbins Packaging Company Inc. (US), Oji Holdings Corporation (Japan), CTI Paper USA (US).

Contact:
Mr. Satya
Precision Business Insights | Toll-Free: +1 866 598 1553
Email: sales@precisionbusinessinsights.com
Kemp House, 152 - 160 City Road, London EC1V 2NX
Website: https://precisionbusinessinsights.com/ | D U N S® Number: 852781747

About Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.

Precision Business Insights offers a variety of cost-effective and customized research services to meet particular research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.

This release was published on openPR.