The global kraft paper market is expected to be valued at US$ 15,941.3 Million in 2022, expected to reach US$ 19,821.4 Million by 2032. A CAGR worth 2.2% is expected for the market during the 2022 to 2032 forecast period.
Kraft paper is a type of paper that is made from wood pulp and is known for its strength and durability. It is commonly used for packaging, as it provides excellent tear resistance, high tensile strength, and a good printing surface. The demand for kraft paper has been steadily increasing over the years, owing to its various benefits and versatility.
The global kraft paper market is expected to witness significant growth in the coming years, driven by factors such as the increasing demand for sustainable packaging solutions, the growing e-commerce industry, and the rising popularity of online grocery shopping. Kraft paper is an eco-friendly packaging material, as it is made from renewable resources and can be recycled multiple times. This makes it an attractive option for companies looking to reduce their environmental footprint.
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In addition to its use in packaging, kraft paper is also used in a variety of other applications, such as printing and writing, industrial sacks, envelopes, and construction materials. The versatility of kraft paper makes it a popular choice across a wide range of industries.
However, there are also challenges facing the kraft paper market, such as the rising cost of raw materials and increasing competition from alternative packaging materials such as plastics. Additionally, the COVID-19 pandemic has had a significant impact on the market, disrupting supply chains and causing fluctuations in demand.
Despite these challenges, the kraft paper market is expected to continue growing in the coming years, driven by increasing consumer demand for sustainable and eco-friendly packaging solutions. Companies in the industry are likely to focus on developing new and innovative products, such as bio-based and compostable kraft paper, to meet the evolving needs of their customers.
The Major Key Players Are:
- WestRock Company
- Mondi Group Plc.
- Canfor Corporation
- Natron-Hayat d.o.o.
- International Paper Company
- DS Smith Plc.
Key Segments Profiled in the Global Kraft Paper Market Report
By Product Type:
By Application:
- Corrugated Boxes
- Grocery & Shopping Bags
- Multiwall Sacks
- Carryout Bags
- Other Applications
By Grades:
- Bleached
- Unbleached
- Coated
- Uncoated
By End Use:
- Food & Beverages
- Electronics
- Construction
- Cosmetics and Personal Care
- Textile Manufacturing
- Other End User
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