The global kraft paper market is experiencing significant growth, with a projected value of US$ 15,941.3 million in 2022 and an anticipated increase to US$ 19,821.4 million by 2032, showcasing a compound annual growth rate (CAGR) of 2.2% during this ten-year forecast period. This growth can be attributed to a shifting consumer preference towards sustainable and eco-friendly packaging options. Increasing awareness about the environmental impact of plastic and non-biodegradable materials has led consumers to opt for paper-based solutions like kraft paper.
Kraft paper, manufactured using the Kraft process and various fiber sources, offers a sustainable alternative for packaging needs. Its textured and robust nature, combined with excellent specific strength, makes it suitable for a wide range of industries, including food and bakery sectors. Kraft paper comes in various textures and colors, making it versatile for packaging applications.
As the world continues to prioritize environmental consciousness, kraft paper’s eco-friendly properties position it as a frontrunner in the packaging industry, aligning with the growing demand for sustainable and compostable solutions. This trend is expected to drive continued growth in the global kraft paper market throughout the forecast period.
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Key Players:
- WestRock Company
- Mondi Group Plc.
- Canfor Corporation
- Natron-Hayat d.o.o.
- International Paper Company
- DS Smith Plc.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
These papers are relatively coarse and have high tensile strength. Kraft papers are available in various textures and colors. Kraft papers are used in various industries such as food, bakery, and others, for packaging purpose. Kraft papers are used for producing carryout bags, grocery and shopping bags, butcher wrap, multiwall shipping sacks, and gift wrappers. Kraft papers are available in a variety of types, such as bleached, unbleached, sack, and specialty kraft papers.
Due to high sulfur ratio and less lignin content, kraft papers are stronger than any other paper used for packaging purposes. The outlook for the global kraft papers market is anticipated to be positive over the forecast period due to aforementioned reasons.
Market Dynamics:
Paper based packaging has gained prominence in recent years, with the emergence of modern packaging ideas where shelf life, visual appeal and brand identity occupy premiere state. Kraft paper packaging products provide all these advantages.
The main advantage of kraft paper is that it can be produced using wider range of fibres. Variety of woods can be used for the kraft process. This factor is expected to facilitate growth of the global kraft papers market, over the next decade. Also, kraft papers are eco-friendly, provide excellent product packaging, are easy to stack and above all, they are easy to dispose of.
These factors are expected to boost the global kraft papers market over the forecast period. With increasing focus on green packaging and consumer awareness, the kraft papers are gaining ground, with growing applications in the packaging industry. Various industries including food & beverage, electronics, cosmetics, personal care, textile and others kraft papers as packaging products. This is expected to drive the global kraft papers market over the next ten years.
Kraft papers are recyclable and can be used further. Kraft papers provides lightweight packaging, and are easy to transport. These factors are anticipated to drive the global kraft papers market over the forecast period. Kraft papers are primarily used for the production of corrugated and cardboard boxes, which are widely used packaging products.
It is expected to drive the global kraft papers market growth, over the forecast period. The factors which might hamper the growth of global kraft papers market are hike in price of kraft paper, and ongoing efforts to tackle deforestation..
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Key Segmentation
On the basis of product type,
- Specialty kraft paper
- Sack kraft paper
On the basis of grades,
- Bleached
- Unbleached
- Coated
- Uncoated
On the basis of application,
- Corrugated boxes
- Grocery & shopping bags
- Multiwall sacks
- Carryout bags
- Others
On the basis of end use industry,
- Food & beverages
- Electronics
- Construction
- Cosmetics and personal care
- Textile
- Others
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