Global Kraft Paper Market to Reach $23.1 Billion by 2030
The global market for Kraft Paper estimated at US$18 Billion in the year 2023, is expected to reach US$23.1 Billion by 2030, growing at a CAGR of 3.7% over the analysis period 2023-2030. Kraft Paper Corrugated Boxes, one of the segments analyzed in the report, is expected to record a 4.1% CAGR and reach US$7.9 Billion by the end of the analysis period. Growth in the Kraft Paper Grocery Bags segment is estimated at 3.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $4.8 Billion, While China is Forecast to Grow at 5.8% CAGR
The Kraft Paper market in the U.S. is estimated at US$4.8 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.8 Billion by the year 2030 trailing a CAGR of 5.8% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.4% and 3.1% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3 Billion by the year 2030.
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