Kraft Paper - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Kraft Paper Market is accounted for $14.87 billion in 2018 and is expected to reach $22.87 billion by 2027 growing at a CAGR of 4.9% during the forecast period. Some of the key factors influencing the market growth include advancements in packaging and wrapping applications, increasing demand for kraft paper packaging solutions among various end-user industries such as food & beverages, pharmaceuticals, grocery bags, and consumer durables, and the increasing urban population across regions. However, lack of government initiatives in underdeveloped countries is restraining market growth.
Kraft papers are referred to a paper or paperboard which is used for various applications such as packaging and others. Kraft paper is porous along with high elasticity and high tear resistance. It is designed for packaging products with high demands for strength and durability. Kraft papers are light in weight and tough in physical properties. These papers have no harmful effect on the environment.
Based on the Packaging Form, the corrugated boxes segment is going to have a lucrative growth during the forecast period. Corrugated boxes not only offer protection to shipped goods from damages but also offer easy handling features. The reusable and recyclable nature of corrugated boxes reduces packaging waste. This has resulted in an increased demand for corrugated boxes in various industries such as food & beverages, building & construction, clothing, freight forwarding, logistics, cosmetics & personal care, and pharmaceuticals.
By Geography, Asia Pacific is likely to have a huge demand owing to the increased demand for kraft papers in densely populated countries such as India and China, as it is increasingly used in the production of packages to ensure cost savings, sustainability, and safety of packaged products. Moreover, the increasing application of kraft papers in the food & beverages, healthcare, consumer durables, building and construction industries is projected to drive the growth of the kraft paper market in the Asia Pacific region.
Some of the key players in global Kraft Paper market are Nippon Paper Group, DS Smith Plc, Mondi Group Plc., Genus Paper & Boards Limited, International Paper Company, Itc Limited, Smurfit Kappa, Sappi Limited, WestRock Company, CTI Paper Group Company, Goodwin Robbins Packaging Company Inc., Stora Enso, SSI Packaging Group, Canfor Corporation, Komar Alliance LLC, Nordic Paper, Daio Paper Corporation, and Segezha Group.
Finish Types Covered:
Packaging Forms Covered:
• Industrial Bags
• Corrugated Boxes
• Grocery & Shopping Bags
• Composite Cans
• Natural Recycled Kraft Paper
• Virgin Natural Kraft Paper
• Printed Kraft Paper
• Coloured Kraft Paper
• Black Kraft Paper
• White or Bleached Kraft Paper
• Poly Coated Kraft Paper
• Carryout Bags
• Sack Kraft Paper
• Specialty Kraft Paper
• Wrapping & Packaging
• Other Grades
Basis Weights Covered:
• >200 gsm
• 120-200 gsm
• 90-120 gsm
• 30-90 gsm
• <30 gsm
• Pallet Uses
• Floor Covering
• Building & Construction
• Paint Masking
• Retail Industry
• Other Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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