Kraft Paper

Global Kraft Paper Market to Reach US$23.1 Billion by 2030

The global market for Kraft Paper estimated at US$18.0 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. 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 Grocery Bags segment is estimated at 3.6% CAGR over the analysis period.

The U.S. Market is Estimated at US$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 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.3% and 3.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR.

Global Kraft Paper Market - Key Trends and Drivers Summarized

How Is the Kraft Paper Market Evolving with Sustainable Packaging Demand?

Kraft paper, known for its durability and high tear resistance, is a staple in the packaging industry, especially in applications requiring eco-friendly and recyclable materials. As global awareness of environmental issues continues to rise, companies across various sectors are transitioning from plastic-based packaging to biodegradable alternatives like kraft paper. This shift has opened new avenues for kraft paper in sectors such as food and beverage, e-commerce, and retail. Kraft paper’s versatile nature, being used in everything from shopping bags to food wrappers, is also expanding its market reach. The demand for kraft paper is being further fueled by regulatory pressures and consumer preference for sustainable packaging options.

What Innovations Are Shaping the Kraft Paper Industry?

Technological advancements in paper production and processing have led to innovations in kraft paper manufacturing, improving the strength, texture, and barrier properties of the material. Enhanced pulping processes allow manufacturers to produce kraft paper that is not only stronger but also lighter, reducing transportation costs and the carbon footprint of products. The development of wet-strength kraft paper, which maintains its durability even when exposed to moisture, has expanded its applications, particularly in food packaging. Additionally, manufacturers are exploring ways to incorporate recycled content into kraft paper products without compromising quality, further bolstering the eco-friendly appeal of this material.

How Do Market Segments Define the Growth of Kraft Paper?

Grades include bleached and unbleached kraft paper, with unbleached kraft paper dominating the market due to its superior strength and lower environmental impact. Applications of kraft paper span across industrial packaging, food packaging, and consumer goods, with food packaging being the largest segment as the demand for sustainable materials in the food industry rises. End-use industries such as food and beverage, retail, and construction are key drivers of kraft paper consumption, with the e-commerce sector playing a particularly significant role due to the rising demand for recyclable and durable packaging solutions.

What Factors Are Driving the Growth in the Kraft Paper Market?

The growth in the kraft paper market is driven by several factors, including increasing environmental concerns, regulatory bans on plastic packaging, and the growing e-commerce industry. As governments worldwide enforce stricter regulations on single-use plastics, companies are turning to kraft paper as a sustainable alternative. The rise of online shopping has also amplified the demand for durable and recyclable packaging materials, further driving kraft paper adoption. Additionally, the food and beverage sector is increasingly utilizing kraft paper for packaging due to its biodegradable nature and ability to preserve product freshness. Innovations in manufacturing processes, which enhance the strength and recyclability of kraft paper, are also contributing to market growth.

Select Competitors (Total 42 Featured) -

• Canadian Kraft Paper Industries Ltd.
• Canfor Corporation
• CTI Paper Group Company
• DS Smith Plc.
• French Paper Co.
• Genus Paper & Boards Limited
• International Paper Compan
• Mondi Group Plc.
• Natron-Hayat d.o.o
• Pudumjee Paper Products
• WestRock Company

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