Kraft Paper Market: Consumer's preferance toward ecological friendly items aid market expansion - Get to the core of the Market with ChemView Insights
Category: Packaging Published Date : July 2022 ID: CVC-00171 Format: PDF Pages: 315
Kraft Paper Market Size Analysis
According to a research survey conducted by ChemView Consulting, in 2022, the Global Kraft Paper Market was worth US$ 15,941.3 Mn and is expected to grow at a CAGR of 2.2% over the forecast period. The market is expected to hit US$ 18,972.8 Mn by 2030 end.
Kraft paper is widely utilized in packaging, transforming into bags, pouches, wrapping papers, cans, cartons, corrugated sheets, and other products. Kraft’s technique outperforms other pulping methods, implying that it is used in around 80% of total paper production.
Bags and pouches, corrugated sheets, cartons, sacks, envelopes, and composite cans are all examples of Kraft Paper applications.
Consumers’ demand for compostable and sustainable packaging is rising, as is their understanding of the negative environmental effect of packaging solutions based on plastic and other non-biodegradable items and their preference for paper-based packaging. Consumers’ tastes are changing toward ecologically friendly items.
CONSUMERS’ DEMAND FOR NATURAL AND ENVIRONMENT-FRIENDLY PACKAGING SOLUTION DRIVE THE MARKET GROWTH
Kraft Paper is a raw material in the packaging sector because of its exceptional folding resistance and toughness. It is required to have high-strength compression performance for packaging because several products are to be transported by logistics. The transport process causes some packaging problems, which increases the demand for kraft paper in the market for packaging and is expected to drive the market growth rate.
Natural kraft paper is one of the strongest paper types and is commonly used for packaging foods like sugar, wheat, and dried fruits and vegetables. Food safety requires the use of Kraft paper in the packaging of food goods. As the need for food packaging materials rises, so will the market for food packaging kraft paper.
ATTEMPTS TO CURB DEFORESTATION HAMPER THE MARKET GROWTH
During the forecast period, access to low-cost, high-quality raw materials is also expected to challenge the kraft paper market. Furthermore, kraft paper price increases and ongoing attempts to curb deforestation may restrict the growth of the global kraft paper market.
Which application type Kraft Paper is projected to have the highest CAGR?
Regarding value and volume, kraft papers for corrugated boxes are predicted to lead the market. Corrugated boxes not only protect transported items from harm, but they are also easy to handle.
Corrugated boxes are reusable and recyclable; they help to decrease packaging waste. Corrugated boxes are in great demand across many industries, including food and beverage, building and construction, textiles, logistics services, communications, cosmetics and personal care, and pharmaceuticals.
Why is the Construction segment expected to expand the fastest during the forecast period?
In terms of value, the construction sector in the kraft paper market is expected to develop at the fastest CAGR during the forecast period. The benefits of kraft paper packaging solutions, such as resistance to temperature, water, and chemicals, are credited to the segment’s rise. Furthermore, kraft paper packaging is lightweight and can be molded into various forms.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
Mondi Group Plc. operates throughout the value chain, from wood to pulp and paper production, including raw materials like the wood yard, the pulping process, and the chemical cycle of the pulp mill. It has two business divisions that sell products and services: Specialty Kraft Paper and Sack Kraft Paper. The company sells unbleached Kraft paper, bleached Kraft paper, white paper, and pulp. Mondi developed a specialized kraft paper grade, advantage formable brown, which is used in a variety of food packaging applications such as packing fish and meat. Because of its multilayered and thermoformable properties, it is used in the packaging industry.
Some of the key developments that have taken place in the Kraft Paper Market include:
A list of some of the key suppliers present in the market are:
Market Segments Covered in Report
By Product Type:
By Region and Country:
Global Kraft Paper Market 2022-2030: Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2030|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Product Type, Application, Grades, End-User, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|