Kraft Paper Market to Surge, Projected to Reach US$ 22.95 Billion by 2029

In 2022, the Kraft Paper Market reached a valuation of US$ 18.16 billion and is poised for a significant upswing at a CAGR of 3.4% over the forecast period, foreseeing a market value of US$ 22.95 billion by 2029. This growth trajectory is attributed to various factors, including industry dynamics, market trends, and regional insights.

Market Overview:

Kraft paper, known for its high tear-resistance and strength, serves as a staple in the packaging industry. Incorporating chemicals into wood pulp and recycled materials enhances fiber strength, thickness, and durability while maintaining a lightweight composition. Various forms such as Color Craft, White or Bleach Craft, Black Craft, Natural Recycled Craft, and Print Craft find extensive applications across industries.

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Kraft Paper Market Scope:

Kraft Paper market is rapidly growing during the forecast period so the MMR report is carved using history, consumer habits, & market volatility.

Kraft Paper market report delivers an in-depth analysis of the market structure along with estimations of the various segments & their sub-segments.

The report explores the Kraft Paper market segments by Type, Specialty, Application, End-Users and Region. As the Kraft Paper market is growing rapidly for that we integrated data from market participants & regions may consist of (North America, Asia Pacific, Europe, Middle East & Africa, and South America).

Research is conducted using tools that are used to analyze the threats and opportunities in the forecasted period by SWOT and PORTER’S five forces to understand the underlying factors affecting the industry.

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.

by Distribution Channel

Convenience Stores
Supermarkets & Hypermarkets
Specialty Stores
E-commerce Platform

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Kraft Paper Market Major 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:

Competitive analysis of the regional market gives insides to newcomers about the competition present in the market with their revenue, technological advancements, developments, mergers and acquisitions, alliances and marketing tactics.

The regional market size was estimated precisely using a bottom-up approach to collect microelements that affect market growth. Kraft Paper market report consists of macro analysis which helps users to understand the key points & overall aspects of the industry, this report is carved using historical data, consumer habits, & market volatility, competition, and others.

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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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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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