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Global Kraft Paper Market 2023 Future Outlook, Opportunity Assessment, Competitive Landscape And Forecast To 2032 | Major Players Are Ahlstrom-Munksjö, BillerudKorsnäs AB, Canadian Kraft Paper Ltd., Canfor, Daio Paper Corporation
Kraft Paper Market
The Business Research Company's Kraft Paper Global Market Report 2023 identifies rapidly expanding packaging business as the major driver for the Kraft Paper Market's growth in the forecast period. Kraft paper is used in industrial and commercial packaging operations such as packing, wrapping individual items, bundling, and void filling because of its strength and durability.
The global kraft paper market size is expected to grow from $16.25 billion in 2022 to $16.92 billion in 2023 at a compound annual growth rate (CAGR) of 4.07%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the kraft paper market is expected to reach $20.01 billion in 2027 at a CAGR of 4.29%.
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Major competitors in the kraft paper market are Ahlstrom-Munksjö, BillerudKorsnäs AB, Canadian Kraft Paper Ltd., Canfor, Daio Paper Corporation, Gascogne Papier, Georgia-Pacific Packaging, Smurfit Kappa, International Paper, Klabin S.A, Mondi, Natron-Hayat doo, Nippon Paper Industries Co. Ltd., Nordic Paper, Oji Holdings Corporation, Sappi Limited, SCG International Corporation Co. Ltd., and Segezha-Group.
A key trend in the Kraft Paper Market includes product innovation. Companies operating in the kraft paper market are introducing innovative speciality products with better durability and application. For instance, in 2022, Pregis, a US-based paper-based packaging material manufacturing company, expanded the EasyPack portfolio of its paper-based packaging solutions with the introduction of GroTerra. GroTerra is a sustainable, expandable paper product that provides light cushioning and interleaving protection. Moreover, in August 2020, Naini Papers, an India-based company, launched Absorbent Kraft Paper for various applications as it has properties such as excellent formation, good dimensional stability, and low MD/CD tensile ratio.
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The Kraft Paper Market is segmented -
By Type: Virgin Natural Kraft Paper, Natural Recycled Kraft Paper, Black Kraft Paper, Coloured Kraft Paper, White Or Bleached Kraft Paper, Printed Kraft Paper
By Packaging Form: Corrugated Boxes, Grocery Bags, Industrial Bags, Wraps, Pouches, Envelopes
By Grade: Unbleached, Bleached, Wrapping And Packaging, Sack Kraft Paper, Other Grades
By End User: Food And Beverages, Building And Construction, Electronics And Electricals, Cosmetic And Personal Care, Textile Manufacturing, Other End-Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Kraft Paper Market.
The Business Research Company's "Global Kraft Paper Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Kraft Paper Market Include:
1. Executive Summary
2. Kraft Paper Market Characteristics
3. Kraft Paper Market Trends And Strategies
4. Kraft Paper Market - Macro Economic Scenario
5. Kraft Paper Market Size And Growth
……
26. Africa Kraft Paper Market
27. Kraft Paper Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Kraft Paper Market
29. Kraft Paper Market Future Outlook and Potential Analysis
30. Appendix
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