Kraft Packaging Market Size, Share, Forecast and Trends | FMI

The market for kraft packaging was estimated to be worth about $35.4 billion. Sales of Kraft packaging are anticipated to grow at a strong CAGR of 5.1%, reaching US$ 60.6 Bn by 2032. According to estimates, the worldwide kraft packaging market will account for 4% of the $914 billion global packaging market in 2022.

According to an estimate by FMI, the boxes packaging type in the kraft packaging market generated US$ 7.3 Bn in revenue in 2021. Because it is strong, resilient, recyclable, non-toxic, and visually beautiful, bleached kraft paper is expected to increase in the worldwide kraft packaging market by a maximum of 900 basis points.

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What Is The Outlook For Demand For Kraft Packaging?
“Rising Brown Paper Packaging Popularity Will Support Growth”

The popularity of fast-food restaurants is rising. Because of their busy schedules, customers are ordering food from restaurants and ready-to-eat food consumption has increased.

Not all packaging is appropriate for storing food items because some of the materials contain chemicals that degrade the flavour and quality of the food. Given that it doesn’t contain any dangerous chemicals, maintains food quality, and doesn’t alter the flavour of the food, kraft packaging is regarded as one of the best methods for storing food.

2015-2021 Kraft Packaging Market Historic Outlook Vs 2022-2032 Forecast

Demand for kraft packaging is forecast to increase at a 5.1% CAGR over the assessment period, in comparison to the 3.3% CAGR registered between 2015-2021.

Kraft packaging is conquering the market due to its numerous benefits such recyclability, cost effectiveness, easy to customize & print, easy to ship, high compatibility. It is used in various industries such as food & beverages, building & construction, cosmetic & personal care, and e-commerce.

In packaging, the essential function is to secure the products during delivery and to the moment it reaches the consumers. Kraft packaging has high tear strength, does not break under pressure and tension, and protect the product while transportation. In terms of function, application, environmental protection and fashion, kraft packaging performs exceptionally well.

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Competitive Landscape

Leading kraft packaging players use a variety of marketing techniques, including acquisitions, partnerships, and expansions. They are also focusing on new product launches to improve their global presence.

Some of the recent developments include:

• In July 2021, ProAmpac acquired sustainable kraft packaging manufacturer APC paper. APC paper is committed to manufacturing 100% recycled product and ProAmpac also believe in sustainable packaging so it has acquired APC paper.
• In January 2021, Mondi Plc has started making its new kraft paper machine known as Czech mill, it will produce 100% recyclable kraft paper for shopping bags by using recycled and fresh fibres without compromising on strength.

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