USD 17.3 Billion
Kraft Paper Market Size, Share, Growth Analysis, By Packaging(Corrugated boxes, grocery bags, industrial bags, wraps), By Distribution Channel(Offline and Online), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15Q2011 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
64
|Figures:
75
Kraft Paper Market Insights
Kraft Paper Market size was valued at USD 17.3 Billion in 2021 and is poised to grow from USD 17.94 Billion in 2022 to USD 23.99 Billion by 2030, at a CAGR of 3.7% during the forecast period (2023-2030).
The increasing demand for sustainable packaging solutions is a key driver of the kraft paper market. With growing environmental concerns and stricter regulations on plastic packaging, businesses and consumers are shifting towards more sustainable options. Kraft paper, being recyclable and biodegradable, offers an attractive alternative to non-biodegradable packaging materials. Moreover, the e-commerce industry's rapid growth has fueled the demand for kraft paper packaging as it provides strength and protection during shipping. Another driver of the kraft paper market is the rising emphasis on responsible sourcing and forest conservation. Kraft paper is typically made from virgin fibers sourced from sustainably managed forests, ensuring its eco-friendly credentials. The growing awareness and preference for environmentally conscious products have bolstered the demand for kraft paper. However, the market also faces certain challenges.
One major challenge is the fluctuating cost of raw materials, particularly wood pulp. The availability and cost of wood pulp can impact the profitability of kraft paper manufacturers. Additionally, the high competition within the packaging industry poses challenges for market players. With various packaging materials vying for market share, kraft paper manufacturers need to differentiate themselves in terms of quality, pricing, and customization capabilities to maintain a competitive edge. Moreover, the market may face challenges from alternative packaging materials such as plastic films or composite materials that offer different advantages in certain applications. Furthermore, the COVID-19 pandemic has posed both opportunities and challenges for the kraft paper market. While the surge in e-commerce and increased demand for packaging materials have boosted the market, the pandemic has also disrupted global supply chains and led to fluctuations in demand. Market players need to adapt to changing consumer behaviours and navigate supply chain disruptions to ensure stability and growth in the kraft paper market.
US Kraft Paper Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Offline
Fastest Growth
Offline
Growth Rate
3.7% CAGR
Global Kraft Paper Market ($ Bn)
Country Share for Asia-Pacific Region (%)
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Kraft Paper Market Segmental Analysis
The global kraft paper market is segmented on the basis of packaging, distribution channel, and region. By packaging, the market is segmented into corrugated boxes, grocery bags, industrial bags, wraps, pouches, and others. By distribution channel, the market is segmented into offline and online. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Kraft Paper Market Analysis By Packaging
The global kraft paper market can be segmented by packaging type into corrugated boxes, grocery bags, industrial bags, wraps, pouches, and others. Among these segments, the dominant packaging type is corrugated boxes, while the fastest-growing segment is pouches. Corrugated boxes hold the dominant position in the global kraft paper market. Corrugated boxes made from kraft paper are widely used for packaging and shipping purposes due to their excellent strength, durability, and recyclability. They are extensively employed in various industries, including e-commerce, retail, food and beverage, electronics, and logistics. The dominance of corrugated boxes is driven by the growing e-commerce sector, which demands sturdy and sustainable packaging solutions to ensure product protection during transit.
Pouches represent the fastest-growing segment in the global kraft paper market. Kraft paper pouches offer a sustainable and attractive packaging solution for various products such as snacks, coffee, tea, cosmetics, and personal care items. The demand for kraft paper pouches is driven by factors such as the increasing preference for eco-friendly packaging, the rising popularity of on-the-go and convenience products, and the growing awareness of plastic waste reduction. Kraft paper pouches provide a visually appealing and environmentally friendly alternative to traditional plastic pouches, meeting consumer demands for sustainable packaging options.
Kraft Paper Market Analysis By Distribution Channel
The global kraft paper market can be segmented by distribution channel into offline and online channels. Among these segments, the dominant distribution channel is offline, while the fastest-growing channel is online. Offline distribution channels refer to traditional brick-and-mortar stores, retail outlets, supermarkets, and packaging suppliers. The offline channel has been the dominant mode of distribution for kraft paper products due to its long-standing presence and established customer base. Offline channels offer a wide range of kraft paper products and packaging solutions, catering to various industries such as retail, food and beverage, pharmaceuticals, and logistics. The offline distribution channel has been preferred by businesses that require immediate access to kraft paper products, personalised service, and face-to-face interactions with suppliers.
On the other hand, the online distribution channel is experiencing rapid growth in the global kraft paper market. With the increasing adoption of e-commerce and online platforms, the online channel offers convenience, accessibility, and a broader reach. Online platforms enable customers to browse and purchase kraft paper products from anywhere, anytime, without the need for physical store visits. The online channel provides a wide range of kraft paper products, competitive pricing, and efficient delivery options, attracting businesses and individual consumers alike. The COVID-19 pandemic has further accelerated the growth of the online channel as more people turn to online shopping for their packaging needs.
Global Kraft Paper Market By Distribution Channel
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Kraft Paper Market Regional Insights
Asia Pacific holds the dominant position in the global kraft paper market due to several factors. The region's strong manufacturing and packaging industry, along with its growing population and urbanisation, contribute to the demand for kraft paper. Countries such as China, India, and Japan are major consumers and producers of kraft paper, driven by the flourishing e-commerce sector, increased retail activities, and growing consumer awareness of sustainable packaging solutions. Additionally, the rise of environmentally conscious practices, favourable government initiatives, and the availability of abundant raw materials support the dominance of the Asia Pacific market.
Latin America is the fastest-growing region in the global kraft paper market. The region is witnessing rapid industrialization, urbanisation, and economic development, leading to increased consumption of packaged products. The growing middle-class population, changing consumer preferences, and the rise of e-commerce contribute to the surge in demand for kraft paper. Additionally, the region's focus on sustainable practices and the need to reduce plastic waste drive the adoption of kraft paper packaging solutions. Brazil, Mexico, and Argentina are key markets within Latin America, experiencing significant growth in the kraft paper sector.
Global Kraft Paper Market By Region
- Largest
- Fastest
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Kraft Paper Market Dynamics
Kraft Paper Market Drivers
Growing Demand for Sustainable Packaging
- The increasing awareness and preference for sustainable packaging solutions drive the demand for kraft paper. Kraft paper, being biodegradable, recyclable, and sourced from sustainable forests, is considered an eco-friendly alternative to non-biodegradable packaging materials. The global shift towards sustainable practices and regulations on plastic waste management support the growth of the kraft paper market.
Expansion of E-commerce and Retail Sectors
- The rapid growth of the e-commerce and retail sectors is a significant driver for the kraft paper market. With the surge in online shopping and home deliveries, the demand for protective and sturdy packaging materials has increased. Kraft paper, known for its strength and durability, is widely used for packaging products for shipping and delivery. The growth of e-commerce platforms and the rise in retail activities contribute to the market's expansion.
Kraft Paper Market Restraints
Competition from Alternative Packaging Materials
- The kraft paper market faces competition from alternative packaging materials such as plastic films, composites, and other biodegradable materials like bio-plastics. These materials offer different advantages in terms of cost, functionality, and customization, posing a challenge to the growth of the kraft paper market.
Technological Limitations
- Kraft paper has certain limitations in terms of moisture resistance, barrier properties, and printability compared to some synthetic packaging materials. These technological limitations can restrict the suitability of kraft paper in certain applications, limiting its market potential in specific industries.
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Kraft Paper Market Competitive Landscape
The global kraft paper market features a competitive landscape with numerous players operating in the industry. The market is characterised by a mix of large multinational corporations, regional players, and small-scale manufacturers. Competition in the kraft paper market centers around factors such as product quality, cost-effectiveness, sustainability, and customer service. Market players strive to differentiate themselves by offering a diverse range of kraft paper products tailored to various industries and customer requirements. They focus on product innovation, investing in research and development activities to improve the strength, durability, printability, and barrier properties of kraft paper. The development of customised solutions and value-added services further enhances the competitive positioning of companies in the market.In addition to product quality, sustainability is a key factor driving competition in the kraft paper market. Companies increasingly emphasise responsible sourcing of raw materials, efficient manufacturing processes, and environmentally friendly practices. They aim to meet customer demand for eco-friendly packaging solutions and align with global sustainability initiatives and regulations. Companies also engage in strategic partnerships, collaborations, and acquisitions to expand their market presence and gain a competitive advantage. Collaborations with packaging converters, retailers, and e-commerce platforms enable companies to strengthen their distribution networks and improve customer reach. Joint ventures with raw material suppliers and technology providers foster innovation and enhance the capabilities of market players.
Kraft Paper Market Top Player’s Company Profile
- Stora Enso - Finland
- Mondi Group - UK
- Smurfit Kappa Group - Ireland
- Nippon Paper Industries Co., Ltd. - Japan
- BillerudKorsnäs AB - Sweden
- Sappi Limited - South Africa
- Nine Dragons Paper (Holdings) Limited - China
- Oji Holdings Corporation - Japan
- DS Smith - UK
- UPM-Kymmene Corporation - Finland
- Canfor Corporation - Canada
- Klabin S.A. - Brazil
- Rengo Co., Ltd. - Japan
- Lee & Man Paper Manufacturing Ltd. - Hong Kong
- Svenska Cellulosa Aktiebolaget (SCA) - Sweden
- Astron Paper & Board Mill Ltd. - India
- Emami Paper Mills Ltd. - India
Kraft Paper Market Recent Developments
- In January 2023, Mondi Group announced the expansion of its kraft paper production capacity in South Africa.
- In February 2023, BillerudKorsnäs announced the acquisition of the kraft paper business of Metsä Tissue.
Kraft Paper Key Market Trends
- Customization and Branding Opportunities: Kraft paper offers versatility in terms of customization and branding opportunities. It can be easily printed, stamped, or embossed, allowing businesses to showcase their branding elements and product information effectively. The ability to personalise kraft paper packaging enhances brand visibility and consumer engagement.
- Innovation in Product Development: Market players are investing in research and development to enhance the properties and functionalities of kraft paper. Efforts are focused on improving moisture resistance, barrier properties, and printability, while maintaining the eco-friendly nature of kraft paper. Innovation in product development enables the market to cater to diverse industry requirements and expand the application scope of kraft paper.
Kraft Paper Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global kraft paper market analysis, Asia Pacific maintains its dominant position in the global kraft paper market due to its strong manufacturing and packaging industry, while Latin America emerges as the fastest-growing region driven by rapid industrialization, urbanisation, and a focus on sustainable packaging. The global kraft paper market is experiencing significant growth and transformation driven by various factors. The increasing demand for sustainable packaging solutions and the rising focus on environmentally friendly materials are key drivers of the market. Kraft paper, with its biodegradable and recyclable properties, has emerged as a preferred choice for packaging across industries. The growth of e-commerce and online shopping has further fueled the demand for kraft paper packaging, as it offers strength and protection during shipping. The market is witnessing trends such as lightweight packaging solutions, customization opportunities, and innovation in product development to meet diverse industry requirements. Additionally, the market is expanding in emerging economies where rapid industrialization and a rising middle-class population drive the adoption of sustainable packaging options. Overall, the global kraft paper market is poised for continued growth, driven by the need for eco-friendly materials, the rise of e-commerce, and evolving consumer preferences for sustainable packaging solutions.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 17.3 Billion |
| Market size value in 2031 | USD 23.99 Billion |
| Growth Rate | 3.7% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Kraft Paper Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Kraft Paper Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Kraft Paper Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Kraft Paper Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Kraft Paper Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Kraft Paper Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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