The global Kraft Liner market is walking down the path of progression. It is bound to be worth US$ 20.7 Billion by the year 2029 at a CAGR of 1.7% between 2022 and 2029.
Over the next ten years, the worldwide kraft liner market is predicted to expand as a result of rising demand from the food and retail industries for plastic-free packaging solutions. In addition, due to the unfavourable impression of plastic around the world, paper and paperboard are projected to be the future of the packaging business.
Due to the governments of various nations’ bans on single-use plastic, which is anticipated to encourage big brands and businesses to employ alternatives to plastic-based packaging in the near future, applications of kraft liner and test liner solutions are likely to rise over the forecast period.
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Key Takeaways of Kraft Liner Market Study
- Due to growing demand for packaged food across the world, food grade kraft liners are estimated to hold the largest market share during 2019-2029.
- Increasing demand for high strength and printable packaging solutions from large- to medium-scale enterprises is expected to offer lucrative opportunities to manufacturers offering bleached kraft liner solutions in the next decade.
- Corrugated boxes is estimated to be the leading segment in terms of application of kraft liner solutions, and is projected to remain the leading segment over the forecast period.
- e-Commerce end use is projected to witness fast-paced growth, owing to the high demand for kraft liner solutions from this industry, followed by electrical and electronics packaging.
- High growth in the manufacturing & retail sector, and increasing disposable income of consumers in China and India, make this region lucrative for investments. Manufacturers in the kraft liner market can focus on acquisitions and expansion in this region to improve their market share.
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Product Launch – Key Strategy of Manufacturers in Kraft Liner Market
Key manufacturers in the kraft liner market are focusing on product launches, divestiture, and capacity expansion. Leading players are also focusing on the development of innovative packaging formats using kraft liners, which can be an efficient replacement for plastic packaging solutions.
- In March 2019, WestRock Company introduced new coated paper in response to the premiumization trend followed by the manufacturers of consumer and luxury goods.
- In October 2019, DS Smith Plc provided the Retail Ready Packaging (RRP) solution to Morrisons’ Best Bacon sizzles.
- In September 2017, International Paper Company invested US$ 300 Mn to convert its paper machine at the Riverdale Mill in Selma, Ala from uncoated free sheet to high quality white-top linerboard and containerboard.
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Key Segments Covered in Kraft Liner Industry Research
Kraft Liner Market by Product:
- Unbleached
- Bleached
Kraft Liner Market by Basis Weight:
- Below 200 GSM
- 200-400 GSM
- Above 400 GSM
Kraft Liner Market by Application:
- Corrugated Sheets
- Corrugated Boxes
- Container Boards or Solid Boards
Kraft Liner Market by End use:
- Food
o Processed Food
o Fresh Produce
o Dairy Products
o Food Grains
o Confectionery & Bakery
o Other Foods
- Beverages
o Alcoholic
o Non-alcoholic
- Electrical & Electronics
o Industrial
o Consumer
- Healthcare
- Tobacco
- Automotive & Allied Industries
- e-Commerce
- Chemicals & Fertilizers
- Building & Construction
- Others
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