Kraft Paper Market 2021 Research Report by Downstream Consumer, Trends, Demand, Cost Structure, Manufactures, Types, Applications & Forecast 2025
Kraft paper is a paperboard or paper comprising improved tear resistance and high strength and. It is manufactured from recycling materials or wood pulp which is bleached with chemicals to enhance its fiber’s thickness, durability, and strength while sustaining light weight characteristics.
Dallas, United States – April 27, 2021 /MarketersMedia/ —
The global Kraft Paper market size is projected to reach around USD 18 billion by 2025. Kraft Paper is manufactured from wood pulp, which possess printability properties and high toughness handling capacity and. 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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Kraft paper is made from Kraft (chemical) pulp and has high durability and printability. Kraft paper is commonly used in the packaging industry to make containers, pouches, wrapping papers, cans, cartons, and corrugated sheets, among other things. Kraft pulp, which is used to make Kraft Paper, is a darker wood pulp than other wood pulps. Kraft paper can be bleached to make it brighter, and it can also be used to transport heavy items. Kraft pulping technology outperforms other pulping technologies, implying that it is used in roughly 80% of overall paper production. Various types of Kraft Paper are available around the world, including sack Kraft Paper and specialty Kraft Paper.
Customization is becoming more common as consumers’ bargaining power grows and technological specifications improve. Machine glazed and machine finished Kraft Papers are the two main types of Kraft Paper. Machine glazed papers are used to package end-of-life items that have a strong market appeal. Machine glazed paper is used in a variety of applications, including consumer products, fat-resistant sheets, fast food stores, and barrier paper for butter and another dairy packaging.
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The growing demand for kraft papers in a number of end-use industries like food & beverages, automotive, building & construction, and cosmetics & personal care is likely to fuel the global kraft paper market’s development. Likewise, factors such as rapid urbanization and the kraft paper’s recyclability are anticipated to contribute to the market’s growth in the coming years.
The increase in the global population is driving the residential construction industry, which is expected to drive the furniture industry’s market growth. The furniture industry is a major user of kraft paper, which is expected to drive market growth. Global food demand is rapidly increasing. The rapidly escalating population needs a variety of food, which is also driving market expansion in the food & beverage industry in the coming years. As a result, the food & beverage sector is anticipated to boost at a momentous rate in the future.
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)
Bleached
Unbleached
Sack Kraft
Paper Wrapping & Packaging
Others l
Application Overview, 2018-2025, (USD Billion and kilotons)
Healthcare
Food & Beverage
Construction
Cosmetics & Personal Care
Others
Packaging Form Overview, 2018-2025, (USD Billion and kilotons)
Envelops
Wraps
Pouches/Sachets
Grocery Bags
Corrugated Bags
Industrial Bags
Regional Overview, 2018-2025, (USD Billion and kilotons)
North America
U.S.
Canada
Mexico
Europe
UK
Germany
Italy
France
Rest of Europe
Asia Pacific
China
India
Japan
Australia
Rest of Asia Pacific
Middle East & Africa
Saudi Arabia
UAE
South Africa
Rest of Middle East & Africa
South America
Brazil
Argentina
Rest Of South America
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