Kraft Paper Market - Forecasts from 2019 to 2024

The global kraft paper market is expected to grow at a CAGR of 3.76% over the period to reach a market size of US$2.539 billion by 2024 from US$2.034 billion in 2018. Kraft paper is a cardboard or paper produced from the pulp. Kraft paper is suitable for packaging of products which demand strength and durability. Kraft paper is highly elastic and tear resistant. The growing environmental concerns coupled with increasing preference for biodegradable packaging is expected to drive the market for Kraft paper. Kraft papers are recyclable and can be used again which is further expected to provide growth opportunities in the market. Furthermore, Kraft paper used in the production of corrugated and cardboard boxes which are used in the packaging industry, this is further anticipated to boost the Kraft paper market during the forecast period.

Drivers

Growing preference for eco-friendly packaging.

Rising demand for cardboard and corrugated boxes.

Restraints

Government rules and regulations regarding deforestation.

Industry Update

In November 2018, WestRock Company a leading provider of differentiated paper and packaging solutions acquired KapStone Paper and Packaging Corporation with an aim to broaden their portfolio of paper and packaging solutions.

The major players profiled in the Kraft paper market include WestRock Company, Paswara Group, Mondi Group, Natron-Hayat d.o.o., Canfor Corporation, BillerudKorsnas, Smurfit Kappa Group, Gascogne Papier (a division of Gascogne group), Georgia Pacific LLC, Nordic Paper, Segezha Group, R.A.Kraft paper Pvt.Ltd.

Segmentation

The kraft paper market has been analyzed through the following segments:

By Type
Natural Kraft Paper
Bleached Kraft Paper
Printed Kraft Paper
Recycled Kraft Paper
Others

By Application
Corrugated Boxes
Shopping Bags
Cartons
Envelopes
Others

By End-User
Food & Beverage
Electronics
Pharmaceuticals
Cosmetics
Construction
Others

By Geography
North America
USA
Canada
Mexico
Others

South America
Brazil
Argentina
Others

Europe
Germany
France
United Kingdom
Spain
Others

Middle East and Africa
Saudi Arabia
Israel
Others

Asia Pacific
China
Japan
South Korea
India
Others