Kraft Paper Market Size is Expected to Grow at a CAGR of 3.4% till 2030

The Kraft Paper Market Size was valued at USD 18.88 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2030, to reach approximately USD 23.85 billion by 2030. The growth can be majorly attributed to the growing demand for eco-friendly packaging solutions and the increasing usage of fast food joints.

Drivers And Opportunities For Growth Of The Market

The growing concern for the environment and the government regulations implemented against single-use plastic are some of the factors pushing increasing demand for green packaging materials. Kraft paper with high strength and tear resistance is a preferred option in the packaging industry. It has use in diverse sectors such as food & beverages, for wrapper & bag used in sandwich, pizza, burger etc. Kraft paper can be mixed with other fibers, which improves its properties and increase its application range and opens up a significant amount of growth opportunities.

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Segmentation Analysis

Based on grade and application, the kraft paper industry is segmented as follows.

By Type: Unbleached, Bleached, Sack Kraft Paper, and Specialty Kraft Paper marketed Kraft paper that is not bleached, retains the brown color of the wood pulp from which it is produced, is very strong, and is commonly used to make medium and large-sized sacks, also used as a substrate for various size coatings and laminations. It is a type of hard paper which is made after passing through a whitener making it well suitable for use in wrapping and packaging as bleached kraft paper with higher strength. Sack kraft paper has greater elasticity and is significantly stronger regarding tear; it is produce for high strength package products mostly.

By Application: The kraft paper is applied in food and beverages, building and construction, cosmetic and personal care, pharmaceuticals, and others. Within the food and beverage industry, kraft paper is used in packing of the bakery goods, dairy products, snacks, and fruits & vegetables. Kraft paper finds extensive use in packaging materials of cement and chemicals due to its strength and durability in the building and construction industry. Kraft paper is driving sustainable packaging trends in cosmetics and personal care applications, making it a preferred choice for eco-friendly krait paper.

Regional Insights:

United States: USA is growing due to its increased desire towards sustainable aspects of packaging and the increase in fast-food industry. And government regulations supporting the climate wish for a low climate-friendly raw material, which also provides kraft paper.

Germany: There has been huge demand for kraft paper in packaging applications due to strong focus on recycling and environment conservation in Germany. For instance, the strong food and beverage industry in the country also drives market growth.

China: The rapid urbanization and uptick in the disposable income of Chinese citizens has resulted in increased consumption of packaged foods, which consequently is contributing to the growth of kraft paper industry. Further supporting the expansion of the market are government initiatives targeting plastic reduction.

India — India's growing retail sector and increasing consumer consciousness regarding environmental sustainability have driven demand for kraft paper packaging in the country. Market growth is also driven by the expansion of food delivery and e-commerce.

Brazil: The kraft paper market in Brazil is linked to the demand for robust packaging solutions in the agricultural sector and a growing commitment to sustainability.

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Competitor Analysis

Kraft Paper Market Research Report —Forecast till 2030 —Disclosure & Disclaimer The kraft paper industry is competitive due to various key players focusing on innovation and sustainability. Notable companies include:

International Paper (NYSE: IP) is one of the world's largest producers of renewable fiber-based packaging, pulp and paper products, with a Customer First, People First, and Planet First philosophy.

Mondi Group: Provides packaging and paper solutions across multiple sectors and has a line of kraft paper products designed for different industries.

SmurfitKappa Group: Offers innovative, recyclable kraft paper packaging solutions with a strong commitment to environmental sustainability.

Stora Enso Oyj: Provider of renewable solutions in packaging, biomaterials, wooden constructions and paper, with a focus on kraft paper grades.

WestRock Company – Provider of differentiated paper and packaging solutions with products featuring different grades and types of kraft paper to make sure they are sturdy and long lasting.

These companies are spending on the research and development to improve their product portfolio as the demand is growing for sustainable packaging materials with high performance.

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Conclusion

The kraft paper market is expected to gain a steady market growth worldwide owing to the increasing awareness regarding environment and sustainable packaging solutions. With sustainable practices being prioritized by industries and consumers alike, kraft paper will undoubtedly play a major role in the future of packaging, due to its versatility and recyclability.

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