Kraft Paper Market Growth Forecast: USD 23.85 Bn by 2030 at 3.4% CAGR

𝐊𝐫𝐚𝐟𝐭 𝐏𝐚𝐩𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

The global kraft paper market, an essential segment in the packaging industry, is poised for remarkable growth driven by the rising demand for eco-friendly and sustainable packaging solutions. Valued at approximately US$ 18.88 Bn.in 2023, the market is projected to grow at a robust CAGR of 3.4% from 2024 to 2030, reaching an estimated US$ 23.85 Bn.by 2030. This press release examines the dynamics of the kraft paper market, including growth potential, mergers and acquisitions, and key trends across Vietnam, Thailand, Japan, South Korea, Singapore, the US, and Europe.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐝𝐚𝐭𝐚 𝐚𝐧𝐝 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐛𝐲 𝐯𝐢𝐞𝐰𝐢𝐧𝐠 𝐭𝐡𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 @https://www.maximizemarketresearch.com/request-sample/54469/

𝐊𝐫𝐚𝐟𝐭 𝐏𝐚𝐩𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐕𝐢𝐞𝐭𝐧𝐚𝐦

Vietnam's kraft paper market is experiencing rapid growth due to its increasing export-oriented packaging industry. Companies such as 𝐕𝐢𝐞𝐭𝐧𝐚𝐦 𝐏𝐮𝐥𝐩 & 𝐏𝐚𝐩𝐞𝐫 𝐂𝐨. have expanded their production capacity to meet the global demand. The government's initiatives to support the paper and packaging industry have further fueled growth in this sector.

𝐊𝐫𝐚𝐟𝐭 𝐏𝐚𝐩𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝

Thailand has emerged as a significant player in the kraft paper market, with a strong emphasis on recycling and sustainable production. Major players like 𝐓𝐡𝐚𝐢 𝐊𝐫𝐚𝐟𝐭 𝐏𝐚𝐩𝐞𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐞𝐬 are investing in advanced technologies to enhance product quality and reduce environmental impact. The growing e-commerce sector is also driving demand for kraft paper packaging in the country.

𝐊𝐫𝐚𝐟𝐭 𝐏𝐚𝐩𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐉𝐚𝐩𝐚𝐧

Japan is at the forefront of innovation in the kraft paper market, with a focus on lightweight and high-strength paper solutions. Companies such as 𝐍𝐢𝐩𝐩𝐨𝐧 𝐏𝐚𝐩𝐞𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐞𝐬 are developing advanced kraft paper grades tailored for industrial and consumer applications. The demand for biodegradable and recyclable packaging continues to shape the market trends in Japan.

𝐊𝐫𝐚𝐟𝐭 𝐏𝐚𝐩𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚

South Korea has witnessed significant consolidation in the kraft paper industry as companies aim to strengthen their market presence. 𝐇𝐚𝐧𝐰𝐡𝐚 𝐏𝐚𝐩𝐞𝐫 𝐂𝐨. acquired 𝐄𝐜𝐨𝐏𝐮𝐥𝐩 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐞𝐬, consolidating its position in the eco-friendly packaging segment. South Korea's focus on green initiatives is further boosting market growth.

𝐆𝐞𝐭 𝐚 𝐜𝐥𝐨𝐬𝐞𝐫 𝐥𝐨𝐨𝐤 𝐚𝐭 𝐭𝐡𝐞 𝐠𝐚𝐦𝐞-𝐜𝐡𝐚𝐧𝐠𝐢𝐧𝐠 𝐩𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐝𝐫𝐢𝐯𝐢𝐧𝐠 𝐬𝐮𝐜𝐜𝐞𝐬𝐬 :https://www.maximizemarketresearch.com/request-sample/54469/

𝐊𝐫𝐚𝐟𝐭 𝐏𝐚𝐩𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐔𝐩𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞

Singapore has positioned itself as a regional hub for innovative packaging solutions, including kraft paper. Companies like 𝐀𝐬𝐢𝐚𝐏𝐚𝐜𝐤 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 are introducing smart packaging solutions that integrate sustainability with functionality. Singapore's strategic location and robust trade networks make it a key player in the global kraft paper supply chain.

𝐊𝐫𝐚𝐟𝐭 𝐏𝐚𝐩𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬

The US continues to dominate the kraft paper market, driven by high demand from the food and beverage and e-commerce sectors. Major players like 𝐖𝐞𝐬𝐭𝐑𝐨𝐜𝐤 and 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐏𝐚𝐩𝐞𝐫 are investing heavily in R&D to develop innovative kraft paper products. The increasing preference for sustainable packaging solutions has reinforced the market's growth trajectory.

𝐊𝐫𝐚𝐟𝐭 𝐏𝐚𝐩𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐄𝐮𝐫𝐨𝐩𝐞

Europe remains a leader in the kraft paper market, emphasizing sustainability and innovation. Countries such as Germany and Sweden have seen strong contributions from companies like 𝐒𝐭𝐨𝐫𝐚 𝐄𝐧𝐬𝐨 and 𝐌𝐨𝐧𝐝𝐢 𝐆𝐫𝐨𝐮𝐩. Recent mergers, such as the acquisition of EcoPaper Europe by GreenPackaging Group, highlight the region's focus on consolidating its position in the global market.

𝐔𝐧𝐥𝐨𝐜𝐤 𝐜𝐫𝐢𝐭𝐢𝐜𝐚𝐥 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐛𝐲 𝐞𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐯𝐢𝐚 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 @https://www.maximizemarketresearch.com/request-sample/54469/

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐛𝐲 𝐆𝐫𝐚𝐝𝐞

Unbleached
Bleached
Wrapping & Packaging
Others

In 2023, the Unbleached segment held a 32% market share, dominating the industry. It is incredibly sturdy and of brown unglazed quality. mostly employed in the manufacturing of bags that are medium and large in size. Additionally, it serves as a foundation for various coatings, laminations, and packaging. The kraft paper market's segment expansion is being driven by these factors.Over the course of the projection period, the bleached sector is anticipated to rise at a CAGR of 4%. To whiten and cleanse the natural Kraft pulp, it is treated with bleach and other chemicals. The paper is stronger than conventional brown Kraft paper as a result of this technique. White-bleached Kraft paper is widely used in packing and wrapping because of its increased strength.

𝐛𝐲 𝐏𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠 𝐅𝐨𝐫𝐦

Corrugated Boxes
Grocery Bags
Industrial Bags
Others

In 2023, corrugated boxes held a 36.4% market share, dominating the industry. They make shipping products easier to handle in addition to protecting them from damage. Because they are recyclable and reusable, this sector lessens packing 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 medications. These elements are propelling the market segment's expansion.

𝐛𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

Foods & Beverage
Pharmaceuticals
Building and Construction
Cosmetics & Personal Care
Others

In 2023, the Foods and Beverage category held a 35.6% market share, dominating the industry. Kraft paper is increasingly being used for bakery goods and ingredients, cheese and dairy products, coffee, crisps, nibbles, and nuts, ice cream, coffee, dehydrated and dried food, fresh and chilled food, fresh fruit, and vegetables, and frozen food. These elements are propelling the market segment's expansion.Over the course of the projection period, the building and construction category is anticipated to rise at a CAGR of 5.4%. Kraft packaging has the advantage of being resistant to chemicals, water, and temperature.

𝐆𝐞𝐭 𝐚 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬:https://www.maximizemarketresearch.com/market-report/global-kraft-paper-market/54469/

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
21. Oji Holdings Corporation
22. Gascogne
23. SCG PACKAGING
24. Canadian Kraft Paper Ltd.
25. Forest Company

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