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Global Kraft Paper Market to Reach $25.5 Billion by 2032, Growing at 3.4% CAGR - Industry Forecast and Regional Expansion

09-10-2025 03:06 PM CET | Consumer Goods & Retail

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Kraft Paper Market

Kraft Paper Market

◉ Opening Paragraph:
According to a new report by Maximize Market Research, the global kraft paper market was valued at USD 19.52 Billion in 2024 and is expected to reach USD 25.50 Billion by 2032, registering a CAGR of 3.4% during the forecast period, with Asia Pacific accounting for the largest share due to rising demand in packaging and eco-friendly practices.

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◉ Key Highlights:

Market size projected to rise from USD 19.52 Billion in 2024 to USD 25.5 Billion in 2032 at a 3.4% CAGR.

Food & Beverage is the leading application segment with a 35.6% market share.

Asia Pacific region dominates with 40% share in 2024, fueled by the packaging and consumer goods industries.

Key drivers: shift from plastics to paper packaging, growth in fast food consumption, government recycling push, brand identity trends, and environmental advantages.

Top companies: Mondi, International Paper, ITC Limited, Smurfit Kappa, WestRock, Canfor Corporation, Billerudkorsnas AB, Nippon Paper Group, Sappi Limited, and more.

Secure your sample copy of this report immediately!https://www.maximizemarketresearch.com/request-sample/54469/

◉ Market Outlook
The kraft paper market is experiencing steady growth, primarily due to increased use in packaging, rising consumer awareness of sustainability, and regulatory bans on plastics. Unbleached kraft paper maintained dominance in 2024 with a 32% share, favored for its strength and recyclability, while bleached kraft paper is projected to expand at a CAGR of 4%. Corrugated boxes remain the chief packaging form, holding 36.4% market share, attributed to their reusability and implementation across food, beverage, and logistics sectors.

◉ Regional Insights
Asia Pacific leads global kraft paper consumption, thanks to populous nations like China and India adopting cost-saving and sustainable packaging alternatives. The region benefits from government support, rapid urbanization, and expansion in food, beverage, and healthcare applications. North America and Europe continue to be substantial markets, offering technologically advanced packaging solutions and strong presence of international players.

◉ Key Players
The competitive landscape features both global leaders and regional specialists. Major players such as Mondi, International Paper, ITC Limited, Smurfit Kappa, WestRock, and Canfor Corporation emphasize product development, capacity expansion, and M&A strategies. These companies maintain significant market presence through diverse product portfolios and geographically distributed manufacturing hubs.

To learn more about the findings of this research, please check:https://www.maximizemarketresearch.com/market-report/global-kraft-paper-market/54469/

◉ Analyst Quote
"The kraft paper industry's outlook remains positive as sustainability and packaging innovation drive sector growth, especially across the Asia Pacific. Industry players are leveraging eco-friendly attributes and regulatory support to capture emerging demand," said a senior analyst at Maximize Market Research.

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◉Contact Maximize Market Research:

3rd Floor, Navale IT Park, Phase 2

Pune Banglore Highway, Narhe,

Pune, Maharashtra 411041, India

sales@maximizemarketresearch.com

+91 96071 95908, +91 9607365656

◉About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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