PUBLISHER: Acute Market Reports | PRODUCT CODE: 1453012
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1453012
The kraft paper market is expected to grow at a CAGR of 3.9% during the forecast period of 2024 to 2032, driven by sustainability, basis weight versatility, and the rising demand for specialty kraft paper. Challenges related to raw material price fluctuations necessitate strategic cost management and resilience in the supply chain. The segmentation analysis highlights the dominance of kraft paper in the 121-200 GSM category and the growing significance of specialty kraft paper in premium packaging. Geographically, diverse trends indicate opportunities for targeted market strategies. The competitive landscape, led by key players, emphasizes the importance of sustainability, versatility, and innovation in sustaining market leadership. Major players, including International Paper, Mondi Group, and Smurfit Kappa, contribute to the market's dynamism and growth. This comprehensive overview delves into the market's drivers, restraints, and segmentation, offering insights into basis weight variations, product types, geographic trends, and competitive dynamics. As the market progresses from 2023 into the forecast period, a dynamic and competitive landscape is expected, with companies adapting to evolving packaging preferences and global sustainability initiatives.
Growing Emphasis on Sustainable Packaging
Sustainability is a significant driver fueling the demand for kraft paper in the packaging industry. International Paper, a key player, has been at the forefront of promoting sustainable practices. The evidence supporting this driver includes the increasing use of kraft paper in eco-friendly packaging solutions, driven by consumer preferences for sustainable and recyclable materials. The emphasis on reducing environmental impact aligns with global initiatives, contributing to the market's growth.
Versatility in Basis Weight Options
The versatility of kraft paper, available in a wide range of basis weights, is a pivotal driver shaping the market. Mondi Group, a leading player, has capitalized on this characteristic to offer customized packaging solutions for diverse industries. The evidence supporting this driver includes market trends indicating the popularity of different basis weight categories for various applications. Kraft paper's flexibility in catering to different packaging needs contributes to its widespread adoption.
Rising Demand for Specialty Kraft Paper
The market is propelled by the rising demand for specialty kraft paper, driven by unique characteristics and applications. Smurfit Kappa, a key player, has invested in developing specialty kraft paper for specific industries. The evidence supporting this driver includes the increasing use of specialty kraft paper in premium packaging, luxury goods, and specialized applications. This trend is reflected in the growing revenues and market share of specialty kraft paper within the overall kraft paper market.
Fluctuations in Raw Material Prices
A significant restraint in the kraft paper market is the impact of fluctuations in raw material prices. Evidence supporting this restraint includes instances of price volatility in pulp and wood, key raw materials for kraft paper production. The industry faces challenges related to managing production costs and maintaining profit margins amid unpredictable fluctuations in raw material prices. This restraint underscores the importance of strategic cost management and supply chain resilience in the kraft paper industry.
Market Analysis by Basis Weight
Based on weight segmentation of the kraft paper market, different weight categories cater to diverse packaging needs. In 2023, kraft paper with a basis weight of 121-200 GSM emerged as the highest revenue-generating category, driven by its versatility and suitability for various applications. However, during the forecast period from 2024 to 2032, kraft paper with a basis weight of
Historical & Forecast Period
This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2023 to 2031.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Kraft Paper market are as follows:
Research and development budgets of manufacturers and government spending
Revenues of key companies in the market segment
Number of end users and consumption volume, price and value.
Geographical revenues generate by countries considered in the report
Micro and macro environment factors that are currently influencing the Kraft Paper market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
Market Segmentation
Basis Weight
<30 GSM
30-90 GSM
91-120 GSM
121-200 GSM
>200 GSM
Product
Grade Type
Finish Type
Application
End-Use
Region Segment (2021-2031; US$ Million)
North America
U.S.
Canada
Rest of North America
UK and European Union
UK
Germany
Spain
Italy
France
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
Key questions answered in this report
What are the key micro and macro environmental factors that are impacting the growth of Kraft Paper market?
What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
Estimated forecast and market projections up to 2031.
Which segment accounts for the fastest CAGR during the forecast period?
Which market segment holds a larger market share and why?
Are low and middle-income economies investing in the Kraft Paper market?
Which is the largest regional market for Kraft Paper market?
What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
Which are the key trends driving Kraft Paper market growth?
Who are the key competitors and what are their key strategies to enhance their market presence in the Kraft Paper market worldwide?
FIG. 13Market Positioning of Key Kraft Paper Market Players, 2023
FIG. 14Global Kraft Paper Market - Tier Analysis - Percentage of Revenues by Tier Level, 2023 Versus 2032