Kraft Packaging Market

Kraft Packaging Market Size Analysis

According to a recent survey conducted by ChemView Consulting, the Global Kraft Packaging Market grew at a CAGR of 4.1% between 2017-2021 and is estimated to be US$ 30547.8Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 4.6% and is expected to reach a valuation of US$ 47,895.7Mn by 2032 end.

Due to its many advantages, including recyclability, cost-effectiveness, ease of customization and printing, ease of shipping, and high compatibility, Kraft packaging is dominating the market. It is employed in several sectors, including e-commerce, cosmetics, personal care, food and beverage, and building and construction.

The primary purpose of packing is to keep goods safe while being delivered and until customers receive them. The product is protected while transported by the high tear strength, resistance to breaking under pressure, and resistance to strain. Kraft packaging functions extraordinarily well in terms of use, application, environmental protection, and style.

Market Dynamic

THE RISING POPULARITY OF BROWN PAPER PACKAGING WILL AUGMENT THE GROWTH

The popularity of fast-food restaurants is rising. Because of their busy schedules, customers are ordering food from restaurants, and ready-to-eat food consumption has increased.

Not all packaging is appropriate for storing food items since some of the materials include chemicals that degrade the flavor and freshness of the food. Given that it doesn’t have any dangerous chemicals, maintains food quality, and doesn’t alter the taste of the food, kraft packaging is regarded as one of the best methods for storing food.

RAPID GROWTH IN ECOMMERCE RETAIL WILL FUEL SALES OF KRAFT PACKAGING

Sustainable packaging is crucial since e-commerce packaging serves as a channel for customer communication. Kraft packing significantly reduces unnecessary overspray, further assisting in cost-saving measures. Kraft containers are considerably lighter than plastic containers, which results in less expensive transportation. Kraft packaging is inexpensive, making it a popular option for e-commerce businesses.

Market Segments Covered in Report

By Product Type:

• Bleached Kraft Paper
• Unbleached Kraft Paper

By Packaging Type:

• Boxes
• Bags
• Pouches
• Cartons
• Clamshell
• Wraps
• Sacks
• Others (Sachets, Mailers, Corrugated Sheet, etc.)

By End-Use:

• Foods & Beverages
• Pharmaceuticals
• Building and Construction
• Cosmetics & Personal Care
• Electrical & Electronics
• E-Commerce
• Automotive
• Textile
• Agriculture

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

How will rapid growth in ecommerce retail fuel sales of kraft packaging?

Sustainable packaging is vital since e-commerce packaging serves as a channel for communicating with customers. Kraft packing efficiently reduces unnecessary overspray, which additionally aids in cost-saving. Kraft packaging is significantly lighter than plastic packaging, which results in lower transportation costs. Given its low cost, kraft packaging is becoming increasingly popular with e-commerce businesses.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

• With a market share of 42.6%, the Asia Pacific kraft paper market is anticipated to experience the greatest CAGR growth from 2023 to 2032 in terms of value. As kraft papers are used more frequently in packaging products to ensure cost savings, sustainability, and safety of packaged goods, the demand for them has increased in densely populated nations like India and China, which is largely responsible for the market growth in the Asia Pacific region.
• Due to the expansion of the food business, North America currently controls the kraft paper packaging market. Additionally, during the anticipated period, the demand for kraft paper packaging in the region will grow faster due to the rising rate of paper recycling.

Competition Analysis

Leading manufacturers of kraft packaging employ various marketing strategies, such as collaborations, acquisitions, and business growth. They are also concentrating on introducing new products to increase its global footprint.

A list of some of the key suppliers present in the market are:

• Amcor plc
• DS Smith
• Packaging Boxes Pro
• Sappi Limited
• International Paper Inc.
• Fshiny Packaging Manufacturer
• Canadian Kraft Paper Ltd.
• Foshan DXC Packaging Co., Ltd.
• WestRock Company
• Stora Enso Oyj
• Smurfit Kappa Group plc
• Nippon Paper Group
• Mondi Group Plc.
• Ahlstrom-Munksjö Oyj
• BillerudKorsnäs AB
• Sukraft Papers Private Limited
• French Paper Company
• Gráficas Digraf
• Swiss Pac Pvt. Ltd.
• Rovi Packaging, S.A.

Report Coverage and Highlights

• Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
• Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
• The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
• Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
• Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
• Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
• Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
• Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
• Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
• Strategic market analysis, recommendations, and future headways on crucial winning strategies.