Kraft Paper Market Analysis 2023-2032: Market Size, Top Segments, Leading Region Forecast

As per The Business Research Company's Kraft Paper Opportunities And Strategies Market Report 2023, The global kraft paper market reached a value of nearly $16,254.7 million in 2022, having grown at a compound annual growth rate (CAGR) of 2.1% since 2017. The market is expected to grow from $16,254.7 million in 2022 to $20,007.8 million in 2027 at a rate of 4.2%. The market is then expected to grow at a CAGR of 4.4% from 2027 and reach $24,868.5 million in 2032.

Government support is expected to drive the growth of the kraft paper market going forward. The governments of various countries are supporting the kraft paper sector to produce new solutions to better serve the industry. For example, in February 2023, Canada's Minister of Justice and Attorney General, on behalf of Canada's Minister of Natural Resources, announced a federal contribution of $10 million to Kruger Packaging L.P., a Canada-based packaging company, for the transformation of the Kruger Place Turcot Mill in Montreal into North America's first mill to produce 100% recycled saturating kraft.

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Companies operating in the kraft paper market are focusing on new paper packaging to strengthen their position in the market. Paper packaging is practical and increases brand visibility. Additionally, its benefits include its greater product protection, ease of stacking, and the simplicity with which items can display their distinctive packaging and visuals to tell a brand's story. For example, in June 2019, Regina, an Egypt-based kraft paper company, launched new paper packaging. The addition of the new Rotoloni Regina Eco line to the company's existing product line is another step the Sofidel Group has taken in the direction of sustainability.

The top opportunities in the kraft paper market segmented by type will arise in the virgin natural kraft paper segment, which will gain $1,113.6 million of global annual sales by 2027. The top opportunities in the kraft paper market segmented by packaging form will arise in the corrugated boxes segment, which will gain $1,472.6 million of global annual sales by 2027. The top opportunities in the kraft paper market segmented by grade will arise in the unbleached segment, which will gain $2,634.9 million of global annual sales by 2027. The top opportunities in the kraft paper market segmented by end user will arise in the food and beverages segment, which will gain $1,150.4 million of global annual sales by 2027. The kraft paper market size will gain the most in the USA at $919.6 million.

Kraft Paper Market Segmentation:
The Kraft Paper market is segmented by type, by packaging form, by end user and by grade.
By Type -
a) Virgin Natural Kraft Paper
b) Natural Recycled Kraft Paper
c) Black Kraft Paper
d) Colored Kraft Paper
e) White Or Bleached Kraft Paper
f) Printed Kraft Paper

By Packaging Form-
a) Corrugated Boxes
b) Grocery Boxes
c) Industrial Bags
d) Wraps
e) Pouches
f) Envelopes

By End-User -
a) Food And Beverages
b) Building And Construction
c) Electronics And Electricals
d) Cosmetic And Personal Care
e) Textile Manufacturing
f) Other End Users
By Grade-
a) Unbleached
b) Bleached

Major players in the Kraft Paper market include Mondi Group, Stora Enso, WestRock, Smurfit Kappa, Klabin S.A.

The regions covered in the global Kraft Paper market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Kraft Paper Market Report Table Of Content
1. Kraft Paper Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6. Introduction to the Kraft Paper market
……
18. Competitive Landscape And Company Profiles
19. Key Mergers And Acquisitions
20. Opportunities And Strategies
21. Kraft Paper Market, Conclusions And Recommendations
22. Appendix

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The latest report from The Business Research Company, 'Global Kraft Paper Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

This release was published on openPR.