Kraft Paper Market Size, Share, Growth, Trends, Consumption, Revenue, Company Analysis and Forecast 2020-2027

Published Date : Nov 2020 | No. of Pages : 200 Pages | Category : Others

The Global Kraft Paper market size surpassed at US$ 15.2 billion in 2019 and to expand at CAGR of 4.5% between forecast period 2020 to 2027.

Among the broad grade types, bleached kraft paper will clock a CAGR of 4.5% from 2020 to 2027, and will serve a substantial share of consumer demand. On the other hand, unbleached kraft paper is projected to contribute promising revenues to the global kraft paper market till 2026. The type is extensively used in industrial applications that need the packaging of bulky and heavy goods.

Regionally, Asia Pacific is expected to rise at an attractive growth rate in the global kraft paper market during 2020–2027. The growth is riding high on the back of rapid growth in several end-use industries, notably burgeoning use of packaging made from kraft paper in food and beverages applications.

Changing Functional Criteria in Packaging Applications set Pace for Innovations

Expansion in the global kraft paper market rides on the back of constant developments in the packaging industry. Emerging variety of applications are served by the packaging products made from paper board and sack paper. Manufacturers in the global kraft paper market develop products that can meet the varying needs of flexibility, strength, and barrier protection.

The kraft process of producing paper packaging has generated volley of interests from consumer goods companies, world over. This is propelling the growth of the kraft paper market. End-use industries have found a promising option in kraft paper to meet the criterion of an environmental-friendly packaging. This is attributed in great part to the recyclability and reusability of kraft paper owing to the fact that the pulping process allows easy waste recovery. Thus, there is an extensive demand for sack kraft paper in wrapping, and as pouches, sacks, and open mouth valves.

The rising demand for cost-effective and highly functional packaging for industrial applications is bolstering the growth of the global kraft paper market. They are thus extensively used in heavy duty bags and sacks, especially for storing powdered chemicals.

Increasing Trend of Customizations paves way for Customer-Friendly Solutions

The global kraft paper market received a considerable impetus from the rising demand for specialty packaging made from corrugated paper. The focus of manufacturers on developing customer-friendly solutions also reinforces the trend of customization in the global kraft paper market. In recent years, the demand for kraft paper-based packaging has picked up marked momentum from the stringent regulations on the usage of plastics in packaging. In several developing and developing countries across the globe, polymer-based packaging have attracted criticism.

Fluctuating availability of raw materials for kraft pulping process in some regions may pose as significant bottlenecks in the global kraft paper market. On the other hand, the continual pursuit of innovations by manufacturers of kraft paper has led them to focus on improving the appearance and the printability of kraft paper, among various key functional attributes. To this end, they are focusing on improving the mechanical and chemical purity of kraft paper. Such developments will open new avenues in the global kraft paper market.

Manufacturing Process of Kraft Paper:

Softwood fibers used for Kraft pulping process, which provides high folding strength and has better printability than hardwood pulp which are comparatively shorter. Softwood Pulp used for Kraft Paper manufacturing is excellent material for printing paper, Kraft Papers, text papers, offset papers.

Recyclability of Kraft Paper:

The manufacturing process of Kraft Paper has better recovery of waste released from the Kraft pulping process. Kraft Paper can be manufactured by recovered papers which can be magazines, newspapers, office papers, and other packaging paper exclusive of paper used in food applications. Almost of all the paper & paperboard production, more than half is covered by packaging paper, which includes packaging paper.

The Global Kraft Paper market is segmented as per basis weight, product type, grade type, finish type, application and end use. There are a variety of Kraft Papers available in wide range of basis weight, which basically tells about the density of Kraft Paper. Thickness of Kraft Paper affects its applications, and usually increment in its thickness improves its quality. Sack & specialty Kraft Papers are available in different thickness options & finishing type, which enhances their performance capabilities. Kraft Paper can be used without bleaching or it can be bleached to improve its dullness. Bleached Kraft Paper has less effect of Ultra-violet rays on its brightness and breaking length. Bleached Kraft Paper also has better properties as compared to unbleached Kraft Paper. Unbleached Kraft Paper is used for industrial purpose or to handle large and bulky items. The demand for bleached Kraft Paper is driving the global Kraft Paper market. Kraft Paper usage is witnessing improvement in statistics due to increasing use of packaging paper. Kraft Paper is also classified on the basis of finish type which includes glazed and finished type. Finished type of Kraft Papers are used where smoothness of paper is a key concern, and scores high in terms of toughness. Kraft Paper application include bags & pouches, corrugated sheets, cartons, sacks, envelopes, and composite cans. The usage of bags and pouches is increasing due to consumer demands and need for convenient packaging. Sacks are widely used in manufacturing facilities and industries, which produces powdered materials and other fertilizers. Kraft Paper is used in making corrugated boxes and other corrugated materials by making two layers of Kraft Paper on a corrugated material. Corrugated sheets are used for making folding cartons, boxes, rolls and other packaging solutions. Composite cans have variety of product types available, based on its production technique, closure type, can diameter and its uses. Composite cans are often replaced by Wrapping paper bags and other pouches, but have number of applications in other industries than food & beverages.

Competitive Landscape

Key manufacturers in the Kraft Paper market include Mondi Group, Smurfit Kappa Group Plc, WestRock Company, Kapstone Paper & Packaging, Stora Enso, International Paper, Billerudkorsnas AB, Canfor Corporation, Natron Hayat d.o.o., Georgia Pacific LLC

Market Segmentation

The global kraft paper market is segmented based on:

Product Type

  • Specialty Kraft Paper
  • Sack Kraft Paper

Grade Type

  • Bleached
  • Unbleached

Finish Type

  • Glazed
  • Finished

Application

  • Bags & Pouches
  • Sacks
  • Envelopes
  • Corrugated Sheets
  • Composite Cans
  • Cartons

End Use

  • Food & Beverages
  • Pharmaceuticals
  • Building & Construction
  • Cosmetics & Personal Care
  • Electronics & Electricals
  • Others

Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific (APAC)
  • Middle East & Africa (MEA)

Report Scope

The Kraft paper market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Kraft paper market for the base year 2020 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Kraft paper market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Kraft paper market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Kraft paper market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Kraft paper capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Kraft paper by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Kraft paper market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Kraft paper market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Kraft paper market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

For the region, type and application, the sales, revenue and their market share, growth rate are the key research objects; we can research the manufacturers' sales, price, revenue, cost and gross profit and their changes. What's more, we will display the main consumers, raw material manufacturers, distributors, etc.

Geographically, global xxx market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer.

We will provide market shares of the prominent market suppliers/companies separately for each of these geographies.

Overall, this is an in-depth research report specifically for the Kraft paper industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Kraft paper market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Kraft paper market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Kraft paper market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Kraft paper market. These factors have benefited the growth of the global market for Kraft paper. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Kraft paper. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Kraft paper are as follows:

  • History Year: 2016-2019
  • Base Year: 2020
  • Forecast Year 2020 to 2027

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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