Kraft Paper Industry Size, Share | Global Research Report 2023

Overview:

The Kraft Paper Industry is an integral component of the global paper and packaging industry, widely recognized for producing durable and eco-friendly paper materials. Kraft paper's strength and versatility have numerous applications in packaging, printing, and various other industries.

Kraft Paper Market size is expected to be worth around USD 23.8 Bn by 2032 from USD 17.6 Bn in 2022, growing at a CAGR of 3.1% during the forecast period from 2023 to 2032.

Growth Opportunities:

Biodegradable Packaging: With increased attention to eco-friendly packaging solutions, Kraft paper offers opportunities for replacement in many different ways by replacing plastic.
Customization: Offering tailored packaging solutions and branding opportunities presents growth prospects for the industry.
Innovation: Producing new grades of Kraft paper with enhanced properties may meet evolving market needs more effectively.

Key Market Segments

By Grade Analysis

Bleached
Unbleached

By End-Use Industry Analysis

Foods Beverages
Pharmaceuticals
Building and Construction
Cosmetics Personal Care
Other End-Use Industries

Recent Developments Year-Wise

2020 will bring increased Kraft paper demand due to online shopping during the COVID-19 pandemic, while 2019 will see the introduction of advanced Kraft grades with enhanced strength and printability, along with investments into sustainable manufacturing processes and supply chain optimization projects.