The kraft paper packaging market is expected to witness market growth at a rate of 6.2% in the forecast period of 2021 to 2028 and is expected to reach USD 5,825.03 million by 2028. Data Bridge Market Research report on kraft paper packaging market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the consumer consciousness regarding sustainable packaging is escalating the growth of kraft paper packaging market.
Kraft paper is referred to a paperboard or sheet of higher strength and low resistance to tearing and are usually made from wood recycling or pulp materials. Chemicals are commonly added to this kraft paper to enhance strength, thickness and durability while maintaining their light weight abilities. Paper packaging materials can be easily recycled and reused, in comparison other materials, including metals and plastics. This is the reason for considering paper packaging as the most eco-friendly and economic types of packaging.
Major factors that are expected boost the growth of the kraft paper packaging market in the forecast period are the rise in the need for flexible paper packaging. Furthermore, the increase in the consumer awareness related to harmful effects of plastic on the environment is further anticipated to propel the growth of the kraft paper packaging market. Moreover, the evolution of the packaging industry around of the world is further estimated to cushion the growth of the kraft paper packaging market.
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Global Kraft Paper Packaging Market Scope and Market Size
The kraft paper packaging market is segmented on the basis of product, type, grade and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product, the kraft paper packaging market is segmented into specialty kraft paper and sack kraft paper.
- On the basis of type, the kraft paper packaging market is segmented into virgin natural kraft paper, natural recycled kraft paper, black kraft paper, coloured kraft paper, white or bleached kraft paper and printed kraft paper.
- On the basis of Grade, the kraft paper packaging market is segmented into Carton board? and Containerboard?.
North America dominates the kraft paper packaging market due to the rise in the food industry. Furthermore, the growing rate of paper recycling will further boost the growth of the kraft paper packaging market in the region during the forecast period. Asia-Pacific is projected to observe significant amount of growth in the kraft paper packaging market due to the rise in the need for recyclable materials for packaging goods.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as consumption volumes, production sites, and volumes, import-export analysis, price trend analysis, cost of raw materials, downstream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
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The major players covered in the kraft paper packaging market report are:
Amcor plc, DS Smith, Evergreen packaging LLC, Holmen, Hood Packaging Corporation, Huhtamaki Oyj., International Paper, Kapstone Technologies LLC, Mayr-Melnhof Karton AG, Mondi, Pratt Industries, Inc., Gascogne, Natron-Hayat d.o.o., Mondi, Canadian Kraft Paper Ltd., Smurfit Kappa, SCG PACKAGING, Forest Company and COPAMEX among other domestic and global players.
Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (M.E.A.) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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