Global Kraft Paper Market Analysis & Trends - Industry Forecast to 2028

Global Kraft Paper Market Analysis & Trends - Industry Forecast to 2028

  • July 2021 •
  • 159 pages •
  • Report ID: 5844530 •
  • Format: PDF
Kraft Paper: Market Size

From $15.01 billion in 2020, the global Kraft Paper market is projected to reach $21.34 billion by 2028. Based on our analysis the market is expected to grow at a CAGR of 4.5% from 2020 - 2028 timeframe.

Some of the prominent trends that the market is witnessing include Escalating demand for kraft paper for packaging of different food products, growing awareness among population regarding sustainable packaging, and increasing inclination for environment friendly packaging materials and solutions.

Global Kraft Paper Market: Market Dynamics

The kraft paper is majorly utilized for wrapping heavy bundles owing to its high strength. After the corrugation process, it is used in many types of packaging and is considered an important packaging material in numerous end-use industries. Packaging materials such as kraft paper are constantly gaining acceptance in various end-use industries as a primary packaging solution. Moreover, these materials are reusable, recyclable, lightweight, and easy to transport, which opens up opportunities for growth of players operating in the market over the forecast period.

The rise in environmental concerns throughout the world has encouraged governments in various emerging economies to invest in the development of eco-friendly packaging products that have soaring tear resistance.

On the other hand, the deficiency of enforcement of plastic packaging laws in underdeveloped countries is likely to obstruct the profit boundaries. In addition, increasing demand for more environment friendly and effective packaging materials and solutions will further boost for the Kraft Paper market.

Impact of COVID-19 on Kraft Paper

The kraft paper industry is going through one of its toughest phases in history with the novel coronavirus (Covid-19) pandemic affecting supply, compounded by non-availability of shipping containers and China importing huge quantities of kraft paper from India. The problems due to these three ‘C’ factors as covid-19, container shortage and China in the kraft paper industry is currently such that the waste paper, paper mills, including kraft paper makers, and corrugated or packing box manufacturing sectors have been affected badly. In particular, export of recycled pulp to China is now turning out to be a major worry, as it is resulting in the domestic industry, particularly packing box makers, facing shortage. This factor has resulted in a demand for ban of export of kraft paper from India so that the domestic industries will not be starved of the key raw material, particularly to make packing boxes that are used in a range of industries, starting from white goods to electronics to fast-moving consumer goods and all e-commerce products.

By Packaging Form

Corrugated Boxes Segment Dominate the Market in 2020

The corrugated boxes segment made huge revenue in 2020 and growing its prominence during the forecast period. In addition to offering protection to shipped goods from damages, the corrugated boxes also offer easy handling features. The recyclable and reusable nature of corrugated boxes deducts the packaging waste. This has ensued in an escalating demand for corrugated boxes in various industries including pharmaceuticals, clothing, building & construction, food & beverages, logistics, freight forwarding, and cosmetics & personal care.

By Geography

Asia Pacific Region is Leading in the Global Market Place

Asia Pacific region is likely to have a huge demand in the forecast period owing to the growing inclination for kraft papers in densely populated countries such as China and India, as it is increasingly used in the production of packages to ensure cost savings, safety and sustainability of packaged products. Additionally, the rising application of kraft papers in the consumer durables, food & beverages, building and construction, and healthcare industries is projected to drive the growth of the kraft paper market in the Asia Pacific region. Possibly, favorable government initiatives and the growing adoption of clean packaging products are intended to promote the growth of kraft papers market in the region.

List of the Key Players Profiled in the Market Include:

• Billerudkorsnas
• Daio Paper Construction
• Gascgone Paper
• Glatfelter
• Klabin
• Mondi
• Narton Hayat
• Nordic Paper
• Segezha Group
• Smurfit Kappa Group
• Stora Enso

List of the Regions/Countries Profiled in the Market Include:

North America
• US
• Canada
• Mexico
• Germany
• U.K
• Italy
• France
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia Pacific
Middle East
• Saudi Arabia
• Rest of Middle East
Latin America
• Argentina
• Brazil
• Rest of Latin America
Rest of the World (RoW)
• South Africa
• Others