Unveiling the Growth Trajectory: Kraft Liner Market Poised to Surge to US$ 25.6063 Billion by 2033

Introduction

In the world of packaging, where functionality, sustainability, and cost-effectiveness are paramount, the Kraft Liner Market stands out as a key player. As industries seek environmentally-friendly and robust packaging solutions, the market for Kraft liners has witnessed significant growth. This article provides an in-depth exploration of the Kraft Liner Market, its applications, benefits, and its role in shaping the future of packaging.

Kraft Liner Market: A Versatile Packaging Solution

Understanding Kraft Liners

Kraft Liners are heavy-duty paperboard materials that consist of multiple layers. These layers are bonded together to create a sturdy, tear-resistant, and moisture-resistant packaging material. The term "Kraft" refers to the process of converting wood into wood pulp, which is then used to manufacture these liners. With its natural brown color, Kraft liners have a distinctive appearance that conveys an eco-friendly image.

The kraft liner market is poised for gradual growth with a projected CAGR of 1.7% throughout the forecast period, propelling its value from US$ 21,338.2 million in 2023 to an estimated US$ 25.6063 billion by 2033. Witnessing a Y-o-Y growth of 1.7% in 2023, the market's steady ascent started from US$ 20,988.6 million at the close of 2022.

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 Key Takeaways of Kraft Liner Market Study

1. Due to growing demand for packaged food across the world, food grade kraft liners are estimated to hold the largest market share during 2019-2029.
2. Increasing demand for high strength and printable packaging solutions from large- to medium-scale enterprises is expected to offer lucrative opportunities to manufacturers offering bleached kraft liner solutions in the next decade.
3. Corrugated boxes is estimated to be the leading segment in terms of application of kraft liner solutions, and is projected to remain the leading segment over the forecast period.
4. e-Commerce end use is projected to witness fast-paced growth, owing to the high demand for kraft liner solutions from this industry, followed by electrical and electronics packaging.
5. High growth in the manufacturing & retail sector, and increasing disposable income of consumers in China and India, make this region lucrative for investments. Manufacturers in the kraft liner market can focus on acquisitions and expansion in this region to improve their market share.

Innovations Shaping the Kraft Liner Market

Advanced Coating Technologies

In response to evolving market demands, the Kraft Liner Market has embraced advanced coating technologies. These coatings enhance the moisture resistance, printability, and overall durability of Kraft liners. The introduction of water-based coatings has further reduced the environmental impact, making Kraft liners even more sustainable.

Digital Printing on Kraft Liners

One notable innovation is the ability to digitally print on Kraft liners. This advancement allows businesses to create intricate and vibrant designs on packaging, thus enhancing brand visibility. Digital printing also reduces waste by enabling precise printing, minimizing errors, and lowering the need for excessive inventory.

The Major Players Are-

1. WestRock Company
2. DS Smith Plc
3. Mondi Plc
4. Stora Enso Oyj
5. International Paper Company
6. BillerudKorsnäs AB
7. Metsä Board Oyj
8. Klabin SA
9. others

Product Launch - Key Strategy of Manufacturers in Kraft Liner Market

Key manufacturers in the kraft liner market are focusing on product launches, divestiture, and capacity expansion. Leading players are also focusing on the development of innovative packaging formats using kraft liners, which can be an efficient replacement for plastic packaging solutions.

1. In March 2019, WestRock Company introduced new coated paper in response to the premiumization trend followed by the manufacturers of consumer and luxury goods.
2. In October 2019, DS Smith Plc provided the Retail Ready Packaging (RRP) solution to Morrisons' Best Bacon sizzles.
3. In September 2017, International Paper Company invested US$ 300 Mn to convert its paper machine at the Riverdale Mill in Selma, Ala from uncoated free sheet to high quality white-top linerboard and containerboard.

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Key Segments Covered in Kraft Liner Industry Research

Kraft Liner Market by Product:

Unbleached
Bleached

Kraft Liner Market by Basis Weight:

Below 200 GSM
200-400 GSM
Above 400 GSM

Kraft Liner Market by Application:

Corrugated Sheets
Corrugated Boxes
Container Boards or Solid Boards

Kraft Liner Market by End use:

Food
Processed Food
Fresh Produce
Dairy Products
Food Grains
Confectionery & Bakery
Other Foods
Beverages
Alcoholic
Non-alcoholic
Electrical & Electronics
Industrial
Consumer
Healthcare
Tobacco
Automotive & Allied Industries
e-Commerce
Chemicals & Fertilizers
Building & Construction
Others

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.