North America is set to exert significant influence over the kraft paper market in terms of revenue during the forecast period from 2022 to 2032. Future Market Insights forecasts that by 2022, North America is poised to account for a substantial 28% share of the worldwide kraft paper market. This regional dominance can be primarily attributed to the rapid expansion of the packaging industry, notably in the United States.
Kraft paper’s exceptional folding resistance and robustness make it a sought-after raw material in the packaging sector, where products must endure compression during logistics, thus propelling demand. Additionally, the versatile nature of kraft paper has led to increased use in gift wrapping, driven by its colorful and textured appeal. This trend extends to personal use, enabling cost-effective DIY decorations and invitations, making kraft paper a practical choice for gatherings and weddings.
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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.
Key Players:
Few of the key players operating in the global kraft papers market are – WestRock Company, Mondi Group Plc., Canfor Corporation, Natron-Hayat d.o.o., International Paper Company, and DS Smith Plc, among others.
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.
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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.
Regional Outlook:
- North America
- Western Europe
- Asia-pacific except Japan (APEJ)
- Eastern Europe
- Latin America
- Middle-east and Africa (MEA)
- Japan
The North America and Western Europe regions are expected to witness average growth as the markets already reached a saturation level. The APEJ and Middle East & Africa regions are expected to drive the global kraft papers market over the forecast period due to growth in industrial activities in the regions, especially in China and India are expected to offer lucrative opportunity.
Latin America and Eastern Europe regions are expected to register moderate growth in global kraft papers market due to growing food industry in the region. Japan already has the highest rate of recycling of paper products in the world. Therefore, Japan is expected to register sluggish growth in its kraft papers market.
The report covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
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Global kraft papers market: 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
Author:
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
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