Global Kraft Paper Market Size 2024, Forecast To 2033
11 Mar, 2024
The kraft paper market has experienced consistent growth in recent years, expanding from $17.06 billion in 2023 to $17.88 billion in 2024, reflecting a compound annual growth rate (CAGR) of 4.8%. This growth in the historic period can be attributed to robust economic expansion in emerging markets, a surge in demand for ready-to-eat food products, the flourishing e-commerce sector, and a heightened preference for alternatives to plastics. Looking ahead to 2028, the market is poised for steady growth, projected to reach $21.29 billion with a CAGR of 4.5%. Anticipated factors fueling this growth include increasing government support, heightened awareness, and rapid urbanization. Emerging trends encompass a focus on innovative paper packaging, the avoidance of unnecessary plastic usage in product development, the introduction of new and enticing products, technological advancements, augmented investments in manufacturing capacities, and strategic partnerships to fortify product portfolios and global presence.
Global Kraft Paper Market Key Driver
The kraft paper market is experiencing growth due to the rapid expansion of the packaging business. Kraft paper, known for its strength and durability, is extensively used in industrial and commercial packaging operations, including packing, wrapping, bundling, and void fill. As reported by Packaging Digest in 2021, the packaging industry reached a trillion-dollar valuation, with significant contributions from industrial, food, and beverage packaging. The burgeoning packaging business is a key driver propelling the kraft paper market, with market sizes in 2023, 2024, and 2028 playing a crucial role in shaping its trajectory.
Get A Free Sample Of The Global Kraft Paper Market ReportGlobal Kraft Paper Market Segments
The kraft paper market covered in this report is segmented –
1) By Type: Virgin Natural Kraft Paper, Natural Recycled Kraft Paper, Black Kraft Paper, Colored Kraft Paper, White or Bleached Kraft Paper, Printed Kraft Paper
2) By Packaging Form: Corrugated Boxes, Grocery Boxes, Industrial Bags, Wraps, Pouches, Envelopes
3) By Grade: Unbleached, Bleached
4) By End User: Food And Beverages, Building And Construction, Electronics And Electricals, Cosmetic And Personal Care, Textile Manufacturing, Other End Users
By Geography:The regions covered in the kraft paper market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
North America was the largest region in the kraft paper market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the kraft paper market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Kraft Paper Industry Players
Mondi Group, Stora Enso, WestRock, Smurfit Kappa, Klabin S.A,Nine Dragons Paper Holdings, Billerud AB, Heinzel Group, Segezha Group, International Paper, JB Craft Paper LLP, BN Papers, Blue Mount Paper and Boards Limited, Shree Krishna Paper Mills and Industries Ltd, Millenium Overseas, Prima Papers LLP, Diyan Papers LLP, Shri Brahma Paper Mill Pvt, Kamishigen Co., Ltd, Arrowfield Co., Ltd, TF Group, Zhengzhou SF Paper Factory, Linqu Hengsen Packaging Materials Co., Ltd, Chengdu Qingya Paper Industries Co., Ltd, Golden Paper Co., Limited, Rise Star Holdings Limited, Hebei Feiyue Industry Co.,Ltd, Qiongdao Sanshi Paper Co., Ltd, Pg Paper Co., Ltd, Comet Packaging, Expack Uk, Somic Textiles Ltd, Varad Papers Pvt Ltd, Sunflower Packaging Co., Ltd, Skybridge Albion Ltd, Richmond Papers Ltd, Ecopacksnab, Chestnyi Chek LLC, Ilim Group, Veiro Pro, Meltic Ltd., Papertec, Inc, Deluxe Packaging, Steelson Packaging, KapStone Paper and Packaging Corporation, Georgia-Pacific LLC, Packaging Corporation of America (PCA), Domtar Corporation, Hood Packaging Corporation, Norampac Inc, Klingele Paper and Packaging Group, Paper Excellence, Santher, gKraft paper, Paperindex, CMPC Biopackaging, Andritz Chile Ltd, Arabian Kraft Paper Manufacturing LLC, Kraft Paper and Paper Liners, R3s Paper Bags Works, Al Wahdania Shipping and Cargo, Aetreum, APL International, Zdpacks Manufacturing Llc, CPpack, RBE Stationery Manufacturers, Corruseal Group
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Kraft Paper Market Overview
Kraft paper is made by the sulfate pulping process and it is of various grades such as bleached, unbleached, and others. The kraft paper is used for the packaging of materials.
Kraft Paper Global Market Report 2023 provides data on the global kraft paper market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The kraft paper market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.