Kraft Paper Market current and future demand | 2023-2029
Kraft Paper Market Set to Flourish, Projected to Reach US$ 22.95 Billion by 2029
In a recent market analysis, the Kraft Paper Market has shown resilience, bouncing back from the challenges posed by the COVID-19 pandemic. The market, valued at US$ 18.16 billion in 2022, is anticipated to witness a steady CAGR of 3.4% through the forecast period, reaching an estimated US$ 22.95 billion by 2029.
Driving Forces:
- Fast-Food Industry Boost: The surge in popularity of fast-food restaurants, coupled with government regulations against plastics, has led to increased demand for bag wrapping paper.
- Sustainable Practices: Regulatory attention towards paper recycling practices, coupled with consumer focus on environmentally friendly packaging, has driven the growth of Kraft paper.
- Visual Appeal in Packaging: The trend towards modern packaging, emphasizing visual appeal, brand identity, and longer shelf life, has further fueled the demand for Kraft paper.
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Kraft Paper Market Scope:
Competitive analysis of the Kraft Paper Market which gives insides to new players about sharks present in the market with their financial health, revenue, technological advancements, mergers and acquisitions, recent developments, marketing tactics, alliances, and joint ventures.
The Kraft Paper Market report consists of microanalysis with accurate illustrations, graphs and simple-to-grasp language which helps users to understand the key points and overall aspects of the industry, this report is carved using history, consumer habits, & market volatility.
The Kraft Paper Market report consists of the analysis of restraints, opportunities, challenges, and risks with the help of SWOT analysis and Porter's Five Forces analysis, which are standard & prominent full-proof methods to provide analysis of the market.
Kraft Paper Market Segmentation:
by Grade
Unbleached
Bleached
Wrapping & Packaging
Others
In terms of grade, the Unbleached category held a 32% market share in 2022. It is very durable and of the brown unglazed grade. mostly employed in the manufacturing of large and medium-sized sacks. It is also used as a foundation for different packing, laminations, and coatings. The kraft paper market's segment growth is being propelled by these factors.
by Packaging Form
Corrugated Boxes
Grocery Bags
Industrial Bags
Others
In terms of packaging form, corrugated boxes held a 36.4% market share in 2022. They facilitate handling while also shielding shipping items from damage. Because they are recyclable and reusable, this segment helps to reduce packing waste. Corrugated boxes are in high demand in the following industries: food and beverage, building and construction, clothing, freight forwarding, logistics, cosmetics and personal care and pharmaceuticals. The market segment is expanding as a result of these factors.
by Application
Foods & Beverage
Pharmaceuticals
Building and Construction
Cosmetics & Personal Care
Others
With a 35.6% market share by application in 2022, the Foods and Beverage segment led the market. the increased usage of kraft paper in the baking industry for ingredients and products, dairy and cheese, crisps, nuts and snacks, confections, coffee, dehydrated and dried food, chilled and fresh food, frozen food, and ice cream. The market segment is expanding as a result of these factors.
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Kraft Paper Key Players are:
1. MONDI
2. Ahlstrom-Munksj
3. CMPC
4. Daio Paper Corporation
5. Glatfelter
6. International Paper
7. ITC Limited
8. Nippon Paper Group
9. Sappi Limited
10. Segezha Group
11. Smurfit Kappa
12. Stora Enso
13. WestRock Company,
14. Kapstone Paper & Packaging
15. Canfor Corporation
16. Georgia Pacific LLC.
17. Billerudkorsnas AB
18. Natron Hayat d.o.o
19. Tokushu Tokai Paper Co., Ltd.
20. Nordic Paper
21. Oji Holdings Corporation
22. Gascogne
23. SCG PACKAGING
24. Canadian Kraft Paper Ltd.
25. Forest Company
Regional Analysis:
The report assists in planning and implementing new strategies which are suitable and appropriately applicable according to specific countries and regions in the market.
The detailed regional analysis provided in the report aids stakeholders, new entrants, investors, entrepreneurs, researchers, market followers and players in an easy illustration of various elements of the market, presenting a future outlook with expected risks and trends in the Market.
A competitive regional analysis of the Kraft Paper Market was conducted listing competitors in the market along with new entrants. A comprehensive analysis is effective to gain a comprehensive understanding of the market structure and growth strategies of various players.
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Key Questions answered in the Kraft Paper Market Report are:
- What is Kraft Paper Market?
- What is the forecast period of the Kraft Paper Market?
- What is the competitive scenario of the Kraft Paper Market?
- Which region held the largest market share in the Kraft Paper Market?
- What are the opportunities for the Kraft Paper Market?
- What factors are affecting the Kraft Paper Market growth?
- Who are the key players of the Kraft Paper Market?
- Which company held the largest share in the Kraft Paper Market?
- What will be the CAGR of the Kraft Paper Market during the forecast period?
- What key trends are likely to emerge in the Kraft Paper Market in the coming years?
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