Kraft Paper Market Drivers: Navigating Industry Growth

Kraft Paper Market size was valued at US$ 18.16 Bn. in 2022, and it is expected to grow at CAGR of 3.4 % during the forecast period. It is expected to reach US$ 22.95 Bn. By 2029.

Kraft Paper Market Market Report Scope and Research Methodology

Scope

The Kraft Paper market report explores a range of market aspects, including Grades, Packaging Forms, and Applications. Data has been gathered from market participants and regions spanning North America, Asia Pacific, Europe, Middle East & Africa, and South America. The report meticulously analyzes the rapid advancements taking place across industries, presenting facts, figures, illustrations, and presentations for the historical period from 2018 to 2022.

Research Methodology

To project market trends beyond 2022, this report uses data from that year as a baseline. It estimates the market size for 2022 based on real data from key players. The report also considers trends observed over the past four years while projecting market developments. It addresses the impact of the global COVID-19 pandemic on the Kraft Paper market, including production, supply, demand, and market dynamics.

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What are Kraft Paper Market Market Dynamics?

The Kraft Paper market has faced challenges due to the COVID-19 pandemic, including disruptions in production, supply chain, and demand. However, the reopening of restaurants for takeaway services has partially alleviated the situation and may boost Kraft Paper growth in the short term.

Key drivers of market growth include the increasing demand for bag wrapping paper, especially in fast-food restaurants, as well as government regulations banning plastics. Kraft paper is widely used for packaging food items such as wheat flour, sugar, starch, and more. Regulatory authorities are also emphasizing paper recycling practices, further driving demand from the food and beverage industry. The shift in consumer focus towards attractive packaging and sustainable materials is another driving force for the Kraft Paper market.

Kraft Paper Market Market Segmentation:

By Grade, the Unbleached market segment held a 32% market share in 2022. It is of the unglazed brown grade and is quite robust. utilized mostly in the manufacture of medium- and large-sized bags. It serves as the foundation for many other coatings, laminations, and packaging types. These elements are fueling the kraft paper market's segment expansion.

According to Packaging Form, Corrugated boxes have a 36.4% market share in 2022. They make transporting products simpler to handle and safeguard them from damage. Because they are recyclable and reusable, this category decreases packaging waste. Corrugated boxes are in high demand in the following industries: food and beverage, building and construction, clothing, freight forwarding, logistics, cosmetics and personal care, and pharmaceuticals. These elements are fueling the market segment's expansion.

With a 35.6% market share in 2022, the Foods and Beverage application category led the market. Kraft paper is increasingly being used for bakery goods and materials, cheese and dairy goods, crisps, nibbles and nuts, confectionery, coffee, fresh and chilled food, fresh fruit and vegetables, frozen food, and ice cream. These elements are fueling the market segment's expansion.

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Who are Kraft Paper Market Market Key Players?

1. MONDI
2. Ahlstrom-Munksj
3. CMPC
4. Daio Paper Corporation
5. Glatfelter
6. International Paper
7. ITC Limited
8. Nippon Paper Group
9. Sappi Limited
10. Segezha Group
11. Smurfit Kappa
12. Stora Enso
13. WestRock Company,
14. Kapstone Paper & Packaging
15. Canfor Corporation
16. Georgia Pacific LLC.
17. Billerudkorsnas AB
18. Natron Hayat d.o.o
19. Tokushu Tokai Paper Co., Ltd.
20. Nordic Paper

Table of Content: Kraft Paper Market Market

Part 01: Executive Summary

Part 02: Scope of the Kraft Paper Market Market Report

Part 03: Global Kraft Paper Market Market Landscape

Part 04: Global Kraft Paper Market Market Sizing

Part 05: Global Kraft Paper Market Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

The Asia Pacific region led the Kraft Paper market in 2022, accounting for 40% of global revenue. Factors such as cost-effective packaging solutions, sustainability, and increased adoption of Kraft Paper in densely populated countries like India and China have fueled market growth. Government initiatives promoting eco-friendly packaging have also contributed to this growth.

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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