Kraft Packaging Market

Kraft Packaging Market

Growth Factors of Kraft Packaging Market

The kraft packaging market size was valued at USD 39.55 billion in 2022, and the market is now projected to grow from USD 41.19 billion in 2023 to USD 57.08 billion by 2030, exhibiting a CAGR of 4.77% during the forecast period of 2023-2030.

The global outbreak of COVID-19 affected some sectors adversely, for instance, personal care and electronics, however, it exerted a positive influence on kraft paper consumption in food and beverages, among others. Its sustainability rendered the kraft packaging market growth more attractive especially as the e-commerce trend advanced. However, the manufacturing shutdown realised a revenue decline in the industrial sector.

The growing trend and increased kraft packaging market share can be attributed to elements such as the increased use of smartphones, which make online shopping more convenient and the general expansion of e-commerce. Kraft paper’s smooth and easy printability makes the products look more attractive, drawing the sellers. E-commerce also makes packaging waste decrease because of its growth. E-commerce also expands packaging waste cutting since customers receive their consignments straight from the vendors with no intermediary stocking. India’s e-commerce market is estimated to grow to USD 350 billion with the help of increasing internet users.

Further, advancements in cold chain technology are improving the shipment of sensitive products such as food and medical supplies. Recyclable kraft paper boxes available in the market include those provided by Swiftpak. These were found to have thermal protection properties. These packaging types have therefore gained popularity due to the growth of e-commerce. Technological advancements in packaging are a major factor contributing towards the kraft paper solution market.

Comprehensive Analysis of Kraft Packaging Market

The kraft packaging market and packaging industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides detailed regional assessments considering the dominant supply and demand forces that impact the packaging industry. These segmentations are methodically segregated by product types, by packaging types and by end-use industry. The product type includes, Unbleached and Bleached. The packaging type includes, Boxes & Cartons, Bags & Sacks, Pouches, Wraps and Others. The end-user industry includes, Foods & Beverages, Pharmaceuticals, Personal Care & Cosmetics, Electrical & Electronics, E-Commerce, Industrial and Others.

North America dominate the leading position in the global market. The development of the food & beverages market and a strong well-developed market of pharmaceuticals in a large economy such as the U.S. have bolstered the development of the regional market.

The top players in the market play a crucial role in the packaging industry assuring industrial prospectus growth and setting market standards. These players include, International Paper Company (U.S.), WestRock (U.S.), Stora Enso Oyj (Finland), Smurfit Kappa (Ireland), Mondi (U.K.), Nippon Paper Group (Japan), SCG PACKAGING (Thailand), Packaging Corporation of America (U.S.), Mayr-Melnhof Karton AG (Austria) and Huhtamaki (Finland). These market players provide a level-playing competitive landscape.

In May 2023, Mondi unveiled PelletBags, a new paper packaging offering for wooden pellets. The bag is constructed from 2-ply kraft paper that is manufactured internally hence it is a recyclable material mostly used in making recyclable items.

Segmentation Table

Global Kraft Packaging Market Scope

Study Period 2019-2030

Base Year 2022

Forecast Period 2023-2030

Growth Rate CAGR of 4.77% from 2023 to 2030

Historical Period 2019-2021

Unit Value (USD Billion)

Segmentation By Product Type, Packaging Type, End-use Industry, and Region

By Product Type Unbleached

Bleached

By Packaging Type Boxes & Cartons

Bags & Sacks

Pouches

Wraps

Others

By End-use Industry Foods & Beverages

Pharmaceuticals

Personal Care & Cosmetics

Electrical & Electronics

E-Commerce

Industrial

Others

By Region North America (By Product Type, Packaging Type, End-use Industry, and Country)

• U.S. (By End-use Industry)
• Canada (By End-use Industry)

Europe (By Product Type, Packaging Type, End-use Industry, and Country)

• Germany (By End-use Industry)
• U.K. (By End-use Industry)
• France (By End-use Industry)
• Italy (By End-use Industry)
• Spain (By End-use Industry)
• Russia (By End-use Industry)
• Poland (By End-use Industry)
• Romania (By End-use Industry)
• Rest of Europe (By End-use Industry)

Asia Pacific (By Product Type, Packaging Type, End-use Industry, and Country)

• China (By End-use Industry)
• India (By End-use Industry)
• Japan(By End-use Industry)
• Australia (By End-use Industry)
• South Korea (By End-use Industry)
• Southeast Asia (By End-use Industry)
• Rest of Asia Pacific (By End-use Industry)

Latin America (By Product Type, Packaging Type, End-use Industry, and Country)

• Brazil (By End-use Industry)
• Mexico (By End-use Industry)
• Argentina (By End-use Industry)
• Rest of Latin America (By End-use Industry)

Middle East and Africa (By Product Type, Packaging Type, End-use Industry, and Country)

• Saudi Arabia (By End-use Industry)
• U.A.E. (By End-use Industry)
• Oman (By End-use Industry)
• South Africa (By End-use Industry)
• Rest of Middle East & Africa (By End-use Industry)


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