Press release
Kraft Paper Market Size, Driving Factors, Growth Statistics, Competitive Landscape And Forecast To 2033
Kraft Paper Market Analysis
The Business Research Company offers in-depth market insights through Kraft Paper Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The kraft paper market size has grown steadily in recent years. It will grow from $17.06 billion in 2023 to $17.88 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to strong economic growth in emerging markets, rise in demand for ready-to-eat food products. growing e-commerce and rising inclination towards alternatives to plastics.
The kraft paper market size is expected to see steady growth in the next few years. It will grow to $21.29 billion in 2028 at a compound annual growth rate (CAGR) of 4.5%. The growth in the forecast period can be attributed to the increasing government support, increase in awareness and rapid urbanization. Major trends in the forecast period include focus on new paper packaging, focus avoiding the need for extra plastic to develop new products, launch of new, innovative products to attract more customers, technological advancements to provide advance solutions, increasing investments to expand manufacturing capacities and partnerships and collaborations to strengthen product portfolio and geographic presence.
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Market Segmentation:
The kraft paper market covered in this report is segmented -
1) By Type: Virgin Natural Kraft Paper, Natural Recycled Kraft Paper, Black Kraft Paper, Colored Kraft Paper, White or Bleached Kraft Paper, Printed Kraft Paper
2) By Packaging Form: Corrugated Boxes, Grocery Boxes, Industrial Bags, Wraps, Pouches, Envelopes
3) By Grade: Unbleached, Bleached
4) By End User: Food And Beverages, Building And Construction, Electronics And Electricals, Cosmetic And Personal Care, Textile Manufacturing, Other End Users
Major Driver - Rising Packaging Industry Fuels Growth In Kraft Paper Market
The rapidly expanding packaging business is driving the kraft paper market. Kraft Paper is used in industrial and commercial packaging operations such as packing, wrapping individual items, bundling and void fill because of its strength and durability. For instance, according to a report by Packaging Digest, in 2021, packaging was a trillion-dollar industry with industrial packaging, food packaging and beverage packaging contributing to maximum sales. Therefore, the rapid expansion of the packaging business will propel the kraft paper market.
Competitive Landscape:
Major companies operating in the kraft paper market report are Mondi Group, Stora Enso, WestRock, Smurfit Kappa, Klabin S.A,Nine Dragons Paper Holdings, Billerud AB, Heinzel Group, Segezha Group, International Paper, JB Craft Paper LLP, BN Papers, Blue Mount Paper and Boards Limited, Shree Krishna Paper Mills and Industries Ltd, Millenium Overseas, Prima Papers LLP, Diyan Papers LLP, Shri Brahma Paper Mill Pvt, Kamishigen Co., Ltd, Arrowfield Co., Ltd, TF Group, Zhengzhou SF Paper Factory, Linqu Hengsen Packaging Materials Co., Ltd, Chengdu Qingya Paper Industries Co., Ltd, Golden Paper Co., Limited, Rise Star Holdings Limited, Hebei Feiyue Industry Co.,Ltd, Qiongdao Sanshi Paper Co., Ltd, Pg Paper Co., Ltd, Comet Packaging, Expack Uk, Somic Textiles Ltd, Varad Papers Pvt Ltd, Sunflower Packaging Co., Ltd, Skybridge Albion Ltd, Richmond Papers Ltd, Ecopacksnab, Chestnyi Chek LLC, Ilim Group, Veiro Pro, Meltic Ltd., Papertec, Inc, Deluxe Packaging, Steelson Packaging, KapStone Paper and Packaging Corporation, Georgia-Pacific LLC, Packaging Corporation of America (PCA), Domtar Corporation, Hood Packaging Corporation, Norampac Inc, Klingele Paper and Packaging Group, Paper Excellence, Santher, gKraft paper, Paperindex, CMPC Biopackaging, Andritz Chile Ltd, Arabian Kraft Paper Manufacturing LLC, Kraft Paper and Paper Liners, R3s Paper Bags Works, Al Wahdania Shipping and Cargo, Aetreum, APL International, Zdpacks Manufacturing Llc, CPpack, RBE Stationery Manufacturers, Corruseal Group
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Top Trend - Advancing Sustainable Solutions In Kraft Paper Packaging
Product Innovation is a key trend gaining popularity in kraft paper. Companies operating in the kraft paper market are introducing innovative specialty 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.
The Table Of Content For The Market Report 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
…..
27. Kraft Paper Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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