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Kraft Paper Market is expected to grow at a 2.2% CAGR and secure US$ 19,821.4 Million by 2032

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 2022-2032 forecast period.

Consumers’ preference for compostable and sustainable packaging is growing, as is their knowledge of the detrimental impact of packaging solutions on the environment, as a result of the usage of plastic and other non-biodegradable products, and their choice for paper-based packaging. Consumers are shifting their preferences toward environmentally friendly products.

Kraft paper is one such commodity that is utilized for packaging nowadays because it has no negative influence on the environment. Kraft papers are made using the kraft process

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Market Competition

Key players in the kraft paper market include

  • WestRock Company,
  • Mondi Group Plc.,
  • Canfor Corporation,
  • Natron-Hayat d.o.o.,
  • International Paper Company, and
  • DS Smith Plc.
  • Mondi Group Plc.

operates along the value chain, from wood to pulp and paper production, including raw materials such as the wood yard, the pulping process, and the pulp mill’s chemical cycle. It sells products and services through two business divisions: Specialty Kraft Paper and Sack Kraft Paper. Unbleached Kraft Paper, Bleached Kraft Paper, White Paper, and Pulp are all available from the company. Due to its symmetrical stretch qualities, Mondi created a specialist kraft paper grade, advantage formable brown, which is used in numerous food packaging applications such as packing fish and meat. It is employed in the packaging sector because of its multilayered and thermoformable properties.

Global kraft papers market: Dynamics 

Paper based packaging has gained prominence in recent years, with the emergence of modern packaging ideas where shelf life, visual appeal and brand identity occupy premiere state. Kraft paper packaging products provide all these advantages. The main advantage of kraft paper is that it can be produced using wider range of fibres. Variety of woods can be used for the kraft process. This factor is expected to facilitate growth of the global kraft papers market, over the next decade. 

Also, kraft papers are eco-friendly, provide excellent product packaging, are easy to stack and above all, they are easy to dispose of. These factors are expected to boost the global kraft papers market over the forecast period. With increasing focus on green packaging and consumer awareness, the kraft papers are gaining ground, with growing applications in the packaging industry. 

Various industries including food & beverage, electronics, cosmetics, personal care, textile and others kraft papers as packaging products. This is expected to drive the global kraft papers market over the next ten years. Kraft papers are recyclable and can be used further. Kraft papers provides lightweight packaging, and are easy to transport. 

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Global kraft papers market: Regional Outlook 

  • North America 
  • Western Europe 
  • Asia-pacific except Japan (APEJ) 
  • Eastern Europe 
  • Latin America 
  • Middle-east and Africa (MEA) 
  • Japan 

The North America and Western Europe regions are expected to witness average growth as the markets already reached a saturation level. The APEJ and Middle East & Africa regions are expected to drive the global kraft papers market over the forecast period due to growth in industrial activities in the regions, especially in China and India are expected to offer lucrative opportunity. 

Latin America and Eastern Europe regions are expected to register moderate growth in global kraft papers market due to growing food industry in the region. Japan already has the highest rate of recycling of paper products in the world. Therefore, Japan is expected to register sluggish growth in its kraft papers market.

Key Segments Profiled in the Global Kraft Paper Market Report

Kraft Paper Market by Product Type:

  • Specialty Kraft Paper
  • Sack Kraft Paper

Kraft Paper Market by Application:

  • Kraft Paper for Corrugated Boxes
  • Kraft Paper for Grocery & Shopping Bags
  • Kraft Paper for Multiwall Sacks
  • Kraft Paper for Carryout Bags
  • Kraft Paper for Other Applications

Kraft Paper Market by Grades:

  • Bleached Kraft Paper
  • Unbleached Kraft Paper
  • Coated Kraft Paper
  • Uncoated Kraft Paper

Kraft Paper Market by End Use:

  • Kraft paper for Food & Beverages
  • Kraft paper for Electronics
  • Kraft paper for Construction
  • Kraft paper for Cosmetics and Personal Care
  • Kraft paper for Textile Manufacturing
  • Kraft paper for Other End Uses

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The post Kraft Paper Market is expected to grow at a 2.2% CAGR and secure US$ 19,821.4 Million by 2032 appeared first on Future Market Insights.

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