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Kraft Paper Market to Grow at a CAGR of 3.7% during the Forecast Period: Reveals 2022 TMR Study

WILMINGTON, DE / ACCESSWIRE / February 7, 2023 / Transparency Market Research Inc. - The global kraft paper market size was valued at US$ 17.3 Bn in 2021. The global industry is anticipated to expand at a CAGR of 3.7% between 2022 and 2026 and reach US$ 20.8 Bn by 2026.Demand for kraft paper packaging solutions that are reusable, lightweight, affordable, and environmentally friendly is increasing, which is anticipated to drive market development in the near future. Kraft paper packaging options are strong, practical, and biodegradable, which is expected to raise its market demand during the forecast period. Their demand continues to rise in end-use sectors such as building & construction, electronics & electrical, food & beverage, and medicine.

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Usage of kraft paper is also increasing as frustration-free packaging is adopted. Customized products are offered by manufacturers in the global market in an effort to increase sales. Growing adoption of e-commerce platforms to buy a range of products is expected to drive industry growth.

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Kraft paper is a robust and long-lasting packaging material that can be shaped into a variety of sizes and shapes. Manufacturers are analyzing market trends in the global kraft paper market in order to leverage growth prospects. It is predicted that an increase in usage of packaging and wrapping materials with anti-slip properties among premium brands would open up attractive market prospects. Increase in use of boxes and cartons is estimated to drive industry growth in the next few years.

Key Findings of Market Report

  • Boxes and cartons can be utilized for packaging as they are reusable and environmentally friendly. The fluting material, which is used to manufacture the board for boxes and cartons, also acts as a shock absorber, protecting wrapped products from external impact. Market participants are putting more and more emphasis on developing cutting-edge, premium boxes and cartons to satisfy changing consumer demands. Growth in demand for boxes and cartons from various end-use industries is expected to boost the global market.
  • Kraft paper is eco-friendly. It is becoming highly popular among consumers due to its texture and appearance. Kraft paper has grown in popularity among companies that create premium packaging. Companies can print their logos, information about their products, and even artwork that includes marketing materials and contact details on kraft boxes. In light of this, kraft paper can be utilized for branding across various businesses, which is estimated to increase its market value.
  • Kraft papers are preferred for packaging by the food processing industry due to their affordability, robustness, printability, processability, and heat sealability. Kraft paper packaging is becoming more popular among food producers as a result of increasing bans on single-use plastic by various governments across the world and heightened public awareness about such packaging options.

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Global Kraft Paper Market: Growth Drivers

  • Trend of buying more products online has elevated kraft packaging to a higher status. The packaging industry uses kraft paper as a raw material due to its distinctive qualities, which include high compression performance, exceptional folding resistance, superior tear resistance, and toughness. E-commerce growth is assisting sales of paper and paperboard packaging items, including cartons, boxes, envelopes, and bags. As a result, expansion in the e-commerce industry is projected to drive industry growth in the near future.
  • Key players are engaged in developing unique, recyclable packaging solutions. Globally, end-users are becoming more interested in packaging made of only recyclable materials. The global kraft paper market is anticipated to be driven by the growing trend of employing recyclable materials for packaging in the next few years.

Global Kraft Paper Market: Regional Landscape

  • According to the market report, Asia Pacific is likely to dominate the global industry during the forecast period. The number of real estate and infrastructural development projects has grown in the last few decades in Asia Pacific. The building and construction industry uses kraft paper considerably in heavy-duty applications. The lucrative presence of packaging manufacturers, rapid industrialization and urbanization, and abundant supply of raw materials in Asia Pacific are expected to boost market expansion. The usage of kraft paper is projected to increase as a result of government-led initiatives to ban plastic packaging in several Asian countries.

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Global Kraft Paper Market: Key Players

Some of the key market players are:

  • Nippon Paper Industries Co., Ltd.
  • Smurfit Kappa Group plc
  • Potsdam Specialty Paper Inc.
  • Natron-Hayat d.o.o.
  • Georgia Pacific LLC
  • Nordic Paper AS

Global Kraft Paper Market: Segmentation

Basis Weight

  • <30 GSM
  • 30-90 GSM
  • 91-120 GSM
  • 121-200 GSM
  • >200 GSM

Product Type

  • Specialty Kraft Paper
  • Sack Kraft Paper

Grade Type

  • Bleached
  • Unbleached

Finish Type

  • Glazed
  • Finished

Application

  • Bags & Pouches
  • Sacks
  • Envelopes
  • Corrugated Sheets
  • Composite Cans
  • Boxes & Cartons

End-use Industry

  • Food & Beverages
  • Pharmaceuticals
  • Building & Construction
  • Cosmetics & Personal Care
  • Electronics & Electricals
  • Other Consumer Goods

Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

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About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

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