Global Kraft Paper Market size- Industry Trends & Forecast Report
The Global Kraft Paper Market is expected to witness steady growth of USD 15.6 billion in 2019 to USD …. in 2027, with an estimated CAGR of … during the forecasted period. Prominent factors such as technological development in packaging industries and adaptation of bio-degradable packaging promote vital growth in the global market scenario. This report offers a comprehensive study for the global kraft paper market including market trends, drivers, and restraints along with a product portfolio of key product vendors. Additionally, this report projects opportunities available in the kraft paper market with competitive analysis on both global and regional levels.
Source: BlueWeave Consulting
Global Kraft Paper market Overview:
In recent times, paper-based packaging has emerged as a prevalent idea that conspicuously focuses on longer shelf life, visually engaging, and nature-friendly packaging technologies. Apart from these advantages, the ability to produce kraft paper from a wider range of fibers allures manufacturers the most. The fact that a variety of woods can be used in the kraft paper process makes it more facilitating in the paper industry. Being eco-friendly, the products become easier to dispose of without any environmental disturbances. With excellent packaging solutions, it becomes accessible to stack and store. Consumer awareness and biodegradable packaging solutions will form a gaining ground for the kraft paper industry. Various industries including cosmetics, personal care, electronics, food and beverages, textile, etc. find kraft paper as its eminent packaging solutions. Recyclable properties, lightweight, and ease in transporting are some of its notable beneficiaries which make the kraft paper industry a growing sector in the manufacturing hub. Cardboard and paper boxes are being actively found in usage in the packaging industries due to their eco-friendly aspect. Also, constraints such as unregulated deforestation, paper price hikes, and regulated usages of plastic based packaging can hamper market growth.
Global Kraft Market Trends and Forecasts
Ease of handling and sustainable packaging solutions
One of the most prominent aspects of kraft paper packaging solution is that it offers reusable and recyclable packaging solutions. Apart from this, an easy to handle and easy to store factor plays a pivotal role in accelerating the kraft paper market growth. Off late, non-paper-based packaging solutions have caused noticeable destruction to the environment which has led to the need to reform the urbanization demand. This will add a surge in the kraft paper market.
Stringent Environmental Acts and Regulations
Strict government acts and regulations will drive the kraft paper market in a positive manner where there will be fewer or no non-paper- based packaging options to maintain congruity with the environment. The destructions caused during the past few years have created an imbalance in the ecosystem. To restore and maintain the biodiversity among every ecological segment, paper-based packaging solutions will be adopted, and this will boost the global kraft paper market.
The major setback that will be faced by the kraft paper industry will be from plastic or non-paper-based packaging solutions. In most underdeveloped and developing countries, these types of packaging solutions are mainly adopted due to their low cost and easy accessibility. To regulate the manufacturing of paper-based packaging solutions across the globe, awareness of the benefits of paper products should be promoted. Also, paper-based packaging solutions will lead to unregulated deforestation. This can act as a hurdle in accessing the raw materials. Inaccessibility will drive price hikes and cost affected product which can affect the market growth.
Impact of Covid-19 in Industry
Covid-19 or novel coronavirus has been declared as a pandemic by the World Health Organization. As the virus is continuously spreading across the globe and affecting people all over the world, many segments in the manufacturing industry can be seen impacted. Logistics and supply chain management are some of the worst affected categories due to lockdown and restricted movement in several countries. As paper-based packaging solutions are found in usage in various industries including food and beverages, electronics and electrical packaging, cosmetics, and personal care, etc. the unavailability and restricted movement have affected the entire chain. With several facilities halted at the end-user level, the demand for kraft paper packaging has declined.
Global Kraft Paper Market: By Packaging Insights
Based on packaging form, the global kraft paper market is categorized into groceries and industrial bags, wraps, pouches, corrugated and cardboard boxes, envelopes section. Out of these, cardboard and corrugated boxes share the largest contribution in the packaging industries. Due to its nature of easy processing and damage resistance property, corrugated and cardboard boxes find a huge presence in this segment. Paper-based containers and boxes offer reusable and recyclable options in retail, shipping, food, and beverages, etc. sectors which further instigates the market growth.
Global Kraft Paper Market: By Application Insights
Based on application, the global kraft paper market is segregated into pharmaceuticals, cosmetics, and personal care, building and construction, food and beverages, and others. Among these, food and beverages along with the construction and design sector will add a significant boost to the packaging market as the demand for food and beverages has remained constant even during the pandemic. On the other hand, building and construction works also going in full swing after the lockdown being uplifted to complete the under constructed projects and works. Effective storage alternative including strength, air, and chemicals along with lightweight and the ability to be molded in the desired form makes these paper-based packaging solutions the most sought-after packaging methodology.
Global Kraft Paper Market- Regional Insights
The Kraft Paper market is categorized into regions such as North America- United States, Canada, and others; Asia Pacific- India, China, Japan, Australia, and others; Europe- UK, France, and Russia; Middle East, Africa, and South America. These regions are studied by analyzing detailed aspects of growth, volume, revenue, opportunities, and challenges acting along with global and regional key players. In the Asia Pacific region, the growth estimated is to the in the value of CAGR ……. till the forecasted period. In densely populated countries such as India and China, the supply and demand of kraft-based products are increasing at an impressive pace due to the cost-effective, safe, and sustainable aspect which allows mass production. In Asia- Pacific region, the food processing industry along with consumable durable will offer magnificent growth to this industry.
Companies such as Mondi Group, Segezha group, Stora Enso, Klabin, Billerudkorsnas, Stora Enso, Daio Paper constrution, Nordic Paper, Glatfelter, and Gascogne Papier, Smurfit Kappa Group Plc, WestRock Company, Kapstone Paper & Packaging, , International Paper, Billerudkorsnas AB, Canfor Corporation, Natron Hayat d.o.o., Georgia Pacific LLC are some of the key players in the kraft paper market.
· Canadian Kraft Paper Ltd, in August 2019, announced the procurement of Manitoba kraft paper mill and sawmill. This acquisition will help the company to expand their market position and provide better services & products to the customers. As per the terms and agreement, all current employees in Manitoba will be moving to Canadian Kraft Paper Industries Limited and continue to operate in the future.
· Mondi Group in October 2018 launched their new specialty kraft paper grade Advantage Boost for various application. Typical applications feature internal and external building boards, flooring and shelving, workstations, as well as other plywood technical films. This will enable them to meet the increasing demand from the current supply situation as they are mainly targeting the markets for decorative and compact laminates in Europe.
Scope of the Report
Historical data – 2016- 2019
Base Year – 2020
Forecast – 2020- 2027
Revenue in USD Million
U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, South Korea UAE, South Africa, Saudi Arabia.
By Packaging, By Application, and By Region
Mondi Group, Segezha group, Stora Enso, Klabin, Billerudkorsnas, Stora Enso, Daio Paper constrution, Nordic Paper, Glatfelter, and Gascogne Papier, Smurfit Kappa Group Plc, WestRock Company, Kapstone Paper & Packaging, International Paper, Billerudkorsnas AB, Canfor Corporation, Natron Hayat d.o.o., Georgia Pacific LLC
Scope of the Report
Ø By Product
o Specialty Kraft Paper
o Sack Kraft Paper
Ø By Grade Type
Ø By Finish Type
Ø By Application
o Bags & Pouches
o Corrugated Sheets
o Composite Cans
Ø By End- User
o Food & Beverages
o Building & Construction
o Cosmetic & Personal Care
o Electronics & Electricals
Ø By Type
o Virgin Natural Kraft Paper
o Natural Recycled Kraft Paper
o Black Kraft Paper
o Colored Kraft Paper
o White or Bleached Kraft Paper
o Printed Kraft Paper