The global Kraft Paper market size is projected to reach around USD 18 billion by 2025. The growing regulatory body focus to adopt recycling practices for paper as held to a surge in the Kraft paper demand.
Dallas, United States - October 29, 2020 /MarketersMedia/ —
The global Kraft Paper market size is projected to reach around USD 18 billion by 2025. Ongoing proliferation across e-commerce industry along with significant upsurge in the packaging industry is simulating the business landscape. Although, rising penetration of digital technology is anticipated to hamper its growth. However, ongoing advancements in Packaging Applications along with its recyclable nature is poised to complement the business outlook over the forecast timeline.
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Increasing consumer awareness along with shifting focus on green packaging he industry is witnessing a considerable upsurge. Further, multiple industries such as food & beverage, cosmetics, electronics, healthcare, personal care, and textile industry utilize kraft papers for packaging products. These industries use Kraft paper owing to its recyclable nature, high endurance, lightweight, and easy carrying features, which in turn is substantially contributing toward industry upsurge.
The Wood pulp is then being bleached with various chemical that enhance its various properties such as durability, strength, thickness and also sustains the characteristics of being light weight in nature. It has got various applications from gift wrappers including bags for groceries, producing carryout bags, butcher wrap shopping which are majorly been used all over the globe.
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End User Adoption across E-commerce and Retail Sectors to Support Market Expansion in Kraft Paper Market
Chemically derived by kraft process of chemical pulp, kraft paper market witness rampant growth owing to multi-industry adoption for diverse industrial and commercial activities. Adroit Market Research takes a detailed tour of versatile developments and market forces that collectively support futuristic investment expansion, thus encouraging high end growth in global kraft paper market.
Some of the strongest growth initiators activating optimistic growth spurt in global kraft paper market comprise astute stringency in packaging process to meet quality assurance parameters besides ensuring sustainability, convenience and safety protocols. Advances in retail and commerce industries which are thoroughly dependent on superlative packaging solutions remain prominent end-users in kraft paper market.
Rising awareness across consumers as well as businesses have significantly tailored a favorable growth trajectory for kraft paper market owing to its biodegradable attributes. Additionally, aligning with dynamic end-user surge, manufacturing fraternity in kraft paper space are increasingly offering product differentiation, with new variants such as sack and specialty kraft paper variations.
Robust properties of kraft paper make them ideal for packaging industry. With prominent expansion across industrial belts in emerging economies such as India and China, kraft paper market is expected to hit major growth spots across these regions through the forecast span. Market players are increasingly investing towards portfolio diversification.
New product with innovative refurbishments are poised to direct relentless growth in kraft paper market in the coming years. Recently, market participant, Stora Enso has launched new range of kraft paper liners, AvantForte to support rising demands in the e-commerce space wherein corrugated packaging is gaining fast track adoption in recent years.
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North America is expected to witness a significant CAGR in the coming years. The ongoing development across healthcare sector along with significant improvements across the food & beverage sector. The shifting inclination toward food online food ordering and pick & carry trend region is positively impacting the industry size. In addition, positive outlook toward the construction sector on account of establishment of commercial complexes, and corporate offices is projected to favor the business outlook over the forecast timeframe.
The major players of the global Kraft paper market comprise of Mondi, Segezha group, Klabin, Billerudkorsnas, Stora Enso, Daio Paper Construction, Nordic Paper, and Glatfelter. The market for Kraft paper is consolidated with the presence of established global and domestic players across the globe. Moreover, the established companies are shifting focus toward establishing manufacturing facilities associated with the production of paper. Furthermore, the industry players are coming up with inorganic growth strategies to expand their market presence.
Segment overview of Kraft Paper market
Grade Overview, 2018-2025, (USD Billion and kilotons)
• Sack Kraft
• Paper Wrapping & Packaging
Application Overview, 2018-2025, (USD Billion and kilotons)
• Food & Beverage
• Cosmetics & Personal Care
Packaging Form Overview, 2018-2025, (USD Billion and kilotons)
• Grocery Bags
• Corrugated Bags
• Industrial Bags
Regional Overview, 2018-2025, (USD Billion and kilotons)
• North America
• Rest of Europe
• Asia Pacific
• Rest of Asia Pacific
• Middle East & Africa
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa
• South America
• Rest Of South America
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