Introduction
Welcome to this comprehensive article on the Kraft Liner Market. In this article, we will delve into the various aspects of the Kraft Liner Market, including its definition, market size, key players, growth factors, challenges, and future prospects. So, let’s dive right in!
Kraft Liner Market: An Overview
Kraft liner, also known as Kraft paperboard, is a type of paperboard produced from chemical pulp during the kraft process. It is known for its exceptional strength and durability, making it ideal for packaging applications. The Kraft Liner Market plays a crucial role in the packaging industry, catering to various sectors such as food and beverages, consumer goods, electronics, and more.
Anticipated to grow at a steady CAGR of 1.7% throughout the forecast period, the global kraft liner market is poised to witness significant expansion, with its market value expected to rise from US$ 21,338.2 million in 2023 to an impressive US$ 25,606.3 million by 2033. Notably, the market closed 2022 with a valuation of US$ 20,988.6 million and is projected to exhibit a year-on-year growth of 1.7% in 2023.
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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.
Growth Drivers of the Kraft Liner Market
The Kraft Liner Market has witnessed significant growth in recent years, primarily driven by the following factors:
1. Increasing Demand for Sustainable Packaging Solutions
As sustainability becomes a key concern for businesses and consumers alike, there has been a rising demand for eco-friendly packaging materials. Kraft liner, being biodegradable and recyclable, fits perfectly into this requirement. Its renewable nature and lower environmental impact have made it a preferred choice for many industries, thus driving the growth of the Kraft Liner Market.
2. Growing E-commerce Sector
The rapid growth of the e-commerce industry has created a surge in the demand for packaging materials. Kraft liner, with its high strength and protective properties, is extensively used for packaging and shipping products in the e-commerce sector. As online shopping continues to soar, the Kraft Liner Market is expected to witness substantial growth.
3. Expansion of the Retail Sector
With the expanding retail sector, there is an increasing need for attractive and sturdy packaging to enhance product visibility and protection. Kraft liner offers excellent printability and surface characteristics, making it an ideal choice for retail packaging. The rising number of retail outlets worldwide is expected to drive the demand for Kraft liner in the coming years.
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The Major Players Are-
- WestRock Company
- DS Smith Plc
- Mondi Plc
- Stora Enso Oyj
- International Paper Company
- BillerudKorsnäs AB
- Metsä Board Oyj
- Klabin SA
- others
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.
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
- Processed Food
- Fresh Produce
- Dairy Products
- Food Grains
- Confectionery & Bakery
- Other Foods
- Beverages
- Alcoholic
- Non-alcoholic
- Electrical & Electronics
- Industrial
- Consumer
- Healthcare
- Tobacco
- Automotive & Allied Industries
- e-Commerce
- Chemicals & Fertilizers
- Building & Construction
- Others
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