Bizizz Market Research has recently published a research report, “Kraft Paper Market By product Type (Virgin Natural, Black Kraft Paper, Bleached, Unbleached Printed, Colored Kraft Paper, Poly Coated and Sack Kraft paper ), Packaging type (Industrial Bags, Grocery and shopping bags, wraps, Corrugated boxes, Pouches, Envelopes and Others), Application (Construction, Cosmetic and personal care, Food industry, Stationary, Electronics, Textiles, and Others (Multiwall Sacks etc.)), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Kraft Paper Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 21.9 Bn by 2027, witnessing a CAGR of 3 % during the forecast period. Key drivers of the market are increased preference for biodegradable along with high demand from the end-user industries are propelling its market growth.
Increased demand of Kraft papers in from end-use industries constituting of food beverages, stationary and other households are the key factor propelling its market growth. Increasing environmental awareness among consumers has stimulated the adoption of eco-friendly products by industries. It had led to a massive boost in demand of Kraft papers of packaging material. Kraft papers have greater tensile strength and are abundant in different shapes and colors inducing their usage in different industries. Greater sulfur ratio with low lignin content make Kraft paper high performance compared to other paper that is used for packaging.
The Kraft Paper market is anticipated to register a CAGR of over 3% during the forecast period.
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By Application, Food industry segment held a prominent share in Global Kraft Paper Market in 2018.
Kraft papers are highly utilized among the food industry ranging from wrapping papers, pouches, bags, corrugated sheets, etc. An increase in consumers preference currently for organic and healthy food wrapped in sustainable packaging is increasing. It is one of the key reasons propelling the Kraft paper market in food industry. Increased culture of take away food is propelling the demand of Kraft papers in the food industry. Various brands are being utilizing Kraft papers in the food industry contributing to the organic looking and lesser weight properties in food packaging. These papers are being adopted in the packaging of wraps, burgers, vegetables, and fruits globally hence high in demand.
North America is Anticipated to Dominate the Global Kraft Paper Market during the Forecast Period.
North America exhibits high growth as consumers preference change towards the biodegradable and zero-waste packaging offerings. Moreover the region is accounted to have a higher disposable income that shall propel the growth of kraft paper during market during the forecast period. Increased demand for the kraft paper is rapidly growing because of the higher customer utilization especially in the North American region.
Global Kraft Paper market was moderately consolidated with key players accounting for significant share in 2018. The organizations are expanding their global presence through partnerships and collaborations.
Prominent players operating in the Global Kraft Paper Market are: SwissPac USA., Glatfelter, International Paper Company, Segezha group, Canadian Kraft Paper industries Ltd., WestRock Company, Klabin S.A, Natron-Hayat D.O.O,Stora Enso Oyj, Daio Paper Corporation, Uline, Goodwin Robins Packaging Company Inc., Mohit paper packaging industry, Mondi Group Plc., S.S.I Packaging Group, Nordic Paper Holding AB, Komar Alliance LLc, French Paper Co. and Pudumjee Paper Products., among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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