As per the analysis conducted by Future Market Insight, the global kraft liner market is anticipated to attain a valuation of US$ 22.84 billion by 2033, with a CAGR of 2.0%. This projection showcases a considerable surge compared to its estimated worth of US$ 18.73 billion in 2023.
The packaging industry is set to grow significantly due to the thriving e-commerce sector. A Kraft liner is a paperboard made from chemical pulp using the kraft process. The kraft process involves converting wood into cellulose fibers to produce the pulp. Kraft liner is known for its strength and printability. It is widely used in food, beverages, automotive parts, pharmaceuticals, and consumer goods industries. Kraft liner is favored for its eco-friendliness and desirable properties for packaging.
The market is witnessing growth due to two key factors, which are
- the growing environmental concerns regarding plastic packaging
- the global expansion of the packaging industry, fueled by the rise of the e-commerce sector
These factors are expected to drive market growth continuously during the forecasted period. Furthermore, the development of industrial operations is predicted to stimulate industrial logistics, resulting in a higher demand for kraft liners.
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The global shift away from plastic has led to a surge in demand for kraft liners, a trend that is likely to persist. This aversion to plastic packaging is anticipated to significantly disrupt the Kraft liner market. There is a predicted increase in demand for kraft liner solutions in the near future, primarily driven by manufacturers in the non-alcoholic beverage sector.
The market is expected to have substantial participation from the food industry globally, holding a significant market share. Consumer packaged goods in countries like China and India have substantial growth and potential. This growth is primarily fueled by strong demand from the food and pharmaceutical industries. The rising demand for convenient and portable packaging solutions drives market growth.
The global online retailing market is rapidly expanding due to increased internet and smartphone usage. E-commerce is projected to experience the maximum growth in terms of value. The e-commerce market is increasing speedily, driven by rising incomes and growing internet users. This growth in online retailing is likely to result in a higher demand for printing and packaging solutions.
The market also faces challenges from alternative packaging materials such as corrugated boards and plastic. These materials offer different properties and performance characteristics that may be more suitable for certain applications, posing competition to kraft liners in specific market segments.
Customization and branding opportunities are emerging trends in the market. Many businesses are opting for printed kraft liners with their logos, designs, and promotional messages to enhance their brand identity and attract consumers. This trend is particularly prominent in the premium product segments.
Key Takeaways from the Kraft Liner Market:
- The kraft liner industry in the United Kingdom is anticipated to rise, exhibiting a CAGR of 1.2% through 2033.
- The United States held a 16.0% share of the global kraft liner industry in 2022.
- With a CAGR of 1.8% over the forecast period, India is predicted to develop rapidly in the kraft liner industry.
- In 2022, Japan had a 9.6% share of the kraft liner industry globally
- The kraft liner industry in China is expected to increase, registering a CAGR of 2.7% over the forecast period.
- Germany accounted for 5.7% of the global kraft liner industry in 2022.
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Competitive Landscape in the Kraft Liner Market
Key market players are implementing a myriad of tactics to uphold their market standings and magnify their existence on a global scale. These strategic approaches incorporate the following:
- Focusing on vertical integration to strengthen its position in the market
- Investing in advanced manufacturing technologies and sustainable solutions to expand their product portfolio
- Emphasizing innovation and research and development to develop high-performance kraft liners catering to diverse customer requirements
- Focusing on capacity expansion and acquisitions to meet the growing market demand
- Producing kraft liners made from recycled fibers, aligning with the demand for sustainable packaging solutions
- Providing customized kraft liners tailored to specific packaging needs with a wide range of product variations
- Establishing strategic partnerships with retailers and e-commerce companies to gain a competitive edge
- Investing in advanced technology to enhance manufacturing capabilities and maintain market position
Recent Developments by Key Kraft Liner Market Players
- In January 2023, Metsä Board publicized that its Kemi mill had achieved a remarkable milestone. On December 12, 2022, the mill successfully produced and reached fifteen million tons of premium kraft liner.
- Packaging Corporation of America announced a significant agreement to acquire Sacramento Container Corporation in August 2017. Additionally, they have revealed plans to convert the paper machine at the Wallula Mill into a high-performance 100% virgin kraft liner board facility.
Kraft Liner Market Outlook by Category
By Product Type:
- Bleached
- Unbleached
By Basis Weight:
- Up to 200 GSM
- 200 to 400 GSM
- Above 400 GSM
By Application:
- Corrugated Sheets
- Corrugated Boxes
- Container Board or Solid Board
By End Use:
- Food
- Processed Food
- Fresh Produce
- Dairy Products
- Food Grains
- Confectionary & Bakery
- Other Foods
- Beverages
- Alcoholic
- Non-alcoholic
- Electrical & Electronics
- Industrial
- Consumer
- Healthcare
- Automotive & Allied Industries
- E-commerce
- Chemicals & Fertilizers
- Building & Construction
- Others
By Region:
- North America
- Latin America
- East Asia
- South Asia & Pacific
- Western Europe
- Eastern Europe
- Central Asia
- Russia & Belarus
- Balkan & Baltic Countries
- Middle East & Africa
About Future Market Insights Inc. (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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