According to the latest report by IMARC Group, titled “Kraft Paper Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the global kraft paper market report. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global kraft paper market size reached US$ 16.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 23.6 Billion by 2028, exhibiting a growth rate (CAGR) of 5.9% during 2023-2028.
Kraft paper is a type of paperboard manufactured from recycled materials or wood pulp. It is characterized by brown or tan in color and a slightly rough texture board. It has high strength, thickness, and durability and is lightweight that is highly customizable, with options for printing, coating, and lamination to enhance its performance and appearance. It has extensive applications in shipping, bookbinding, floor protection, food service, and recycling. It is also used in several packaging applications, such as envelopes, bags, sacks, composite cans, pouches, and cartons. Some of the commonly available kraft paper include colored, white, or bleached, black, natural recycled, and printed kraft paper.
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Kraft Paper Market Trends:
The growing preference for sustainable packaging materials among consumers is driving the global market. This can be attributed to the increasing awareness regarding the detrimental impact of plastic and other non-biodegradable variants among the masses. Moreover, the expanding utilization of kraft paper in the e-commerce industry for packaging solutions on account of various associated benefits, including toughness, folding resistance, and high-strength compression performance, is contributing to the demand across the globe. Furthermore, the governments of several countries are implementing regulations and policies to promote the use of eco-friendly packaging material, which is creating a positive market outlook. Besides, continuous technological advancements that are improving the quality and performance of the material are further supporting the market.
The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.
Some of these key players include:
BillerudKorsnäs AB (OTCMKTS: BLRDF)
Canadian Kraft Paper Ltd.
Canfor Corporation (OTCMKTS: CFPZF)
International Paper Company (NYSE: IP)
Mondi PLC (OTCMKTS: MONDY)
SCG International Corporation Co. Ltd.
Smurfit Kappa Group plc (OTCMKTS: SMFKY)
Stora Enso Oyj (OTCMKTS: SEOAY)
Tokushu Tokai Paper Co. Ltd. (TYO: 3708)
WestRock Company (NYSE: WRK)
Base Year of the Analysis
Product Type, Packaging, Application, Distribution Channel, Region
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Ahlstrom-Munksjö Oyj, BillerudKorsnäs AB, Canadian Kraft Paper Ltd., Canfor Corporation, CMPC, Gascogne Papier, International Paper Company, Mondi PLC, SCG International Corporation Co. Ltd., Segezha-Group, Smurfit Kappa Group plc, Stora Enso Oyj, Tokushu Tokai Paper Co. Ltd. and WestRock Company.
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Kraft Paper Market Growth Factors:
Apart from this, the wide adoption of kraft paper in industrial and construction applications, such as building insulation, flooring underlayment, and roofing materials, is impacting the market favorably. In line with this, extensive utilization in the packaging of food and beverage products, including coffee, tea, and snacks as it helps in retaining the freshness of the products and makes them an attractive choice for food and beverage manufacturers, thus supporting the overall growth. Moreover, several major companies are heavily investing in the manufacturing of enhanced quality kraft paper that is stronger, lighter, and more durable, contributing to the demand. Other factors, such as the rising popularity of kraft paper in the field of printing and publication and the widespread adoption of stand-up pouches and zipper pouches, are projected to propel the market further.
Key Market Segmentation:
Breakup by Product Type:
Wrapping and Packaging
Sack Kraft Paper
Breakup by Packaging:
Breakup by Application:
Foods and Beverage
Building and Construction
Cosmetic and Personal Care
Breakup by Distribution Channel:
Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
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Key highlights of the Report:
Market Performance (2017-2022)
Market Outlook (2023-2028)
COVID-19 Impact on the Market
Porter’s Five Forces Analysis
Historical, Current, and Future Market Trends
Market Drivers and Success Factors
Structure of the Market
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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