2023 Latest Trends and Analysis in the Global Kraft Paper Market: Comprehensive Market Research Report by 2028

The latest report by IMARC Group, titled "Kraft Paper Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the global kraft paper market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global kraft paper market size reached US$ 16.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 23.6 Billion by 2028, exhibiting a growth rate (CAGR) of 5.9% during 2023-2028.

Kraft paper is a resilient, robust material known for its superior strength and durability compared to traditional paper. It is derived from the Kraft process, a chemical treatment using sodium hydroxide and sodium sulfide that breaks down wood chips from softwood into cellulose fibers. This procedure results in a highly dense paper, distinguished by its characteristic brown hue and enhanced rigidity.

The robustness of Kraft paper lies in the intact, long fibers resulting from the Kraft process, facilitating its prevalent use in various industries such as packaging, food services, and manufacturing. The resilience and adaptability of Kraft paper allow it to withstand diverse working environments, including high pressure, moisture, and fluctuating temperatures.

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Kraft Paper Market Trends:

The global market is primarily driven by the rise in eco-consciousness among consumers, leading to a higher demand for biodegradable and recyclable packaging solutions. In line with this, the burgeoning e-commerce sector is propeling the need for robust, cost-effective packaging materials. Moreover, the increase in quick service restaurants (QSRs) worldwide is also contributing to the growing demand for Kraft paper used in takeaway and delivery packaging. The market is further fueled by the rising need for sustainable packaging solutions in the retail industry.

Furthermore, the growth in the food and beverage sector, which extensively uses Kraft paper for packaging products, acts as another significant growth-inducing factor for the market. Also, continual advancements in paper manufacturing technology such as the advent of product variants with superior strength and durability are creating a positive market outlook. Some of the other factors contributing to the market include stringent government regulations favoring recyclable materials, growing consumer preference for aesthetically pleasing, eco-friendly packaging and the emerging trend towards bio-based Kraft paper with low VOCs.

By the IMARC Group, Some of the Top Competitive Landscape Operating in the Market are Given Below:

• Ahlstrom-Munksjö Oyj
• BillerudKorsnäs AB (OTCMKTS: BLRDF)
• Canadian Kraft Paper Ltd.
• Canfor Corporation (OTCMKTS: CFPZF)
• CMPC
• Gascogne Paper
• International Paper Company (NYSE: IP)
• Mondi PLC (OTCMKTS: MONDY)
• SCG International Corporation Co. Ltd.
• Segezha-Group
• Smurfit Kappa Group plc (OTCMKTS: SMFKY)
• Stora Enso Oyj (OTCMKTS: SEOAY)
• Tokushu Tokai Paper Co. Ltd. (TYO: 3708)
• WestRock Company (NYSE: WRK)

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/kraft-paper-market

Key Market Segmentation:

Breakup by Product Type:

• Unbleached
• Bleached
• Wrapping and Packaging
• Sack Kraft Paper
• Others

Breakup by Packaging:

• Corrugated Box
• Grocery Bags
• Industrial Bags
• Wraps
• Pouches
• Others

Breakup by Application:

• Foods and Beverage
• Pharmaceuticals
• Building and Construction
• Cosmetic and Personal Care
• Others

Breakup by Distribution Channel:

• Offline
• Online

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current, and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company's expertise.

This release was published on openPR.