Research Nester released a report titled “Kraft Paper Market: Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the global kraft paper market in terms of market segmentation by product type, application, end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Kraft Paper is a paper that arises on account of production of chemical pulp in the kraft process. The durability of this paper apart from its sturdy nature has made this paper popular for use in various industry verticals such as healthcare, construction, cosmetics, food and beverages and others. The global kraft paper market is estimated to grow at a noteworthy CAGR over the forecast period, i.e., 2018-2027.
The market is segmented by product type, applications, end user and by region. On the basis of product type, the market is segmented into medium corrugate, kraft liner, chipboard and others. Chipboard falling under product type segment is predicted to grow at a significant rate over the forecast period. Additionally, chipboard material used in kraft paper has many uses and applications owing to their fresh appearance and are most commonly used in industrial packaging as well as in packaging of consumer products.
The global kraft paper market is segmented on the basis of region into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The market in Asia Pacific region is predicted to register a significant growth rate and is anticipated to record a CAGR of 4.02% over the forecast period, owing to the increasing requirements by consumers for offering packaging that is of superior quality, in addition to a growing manufacturing sector prevailing in the region. The market in Europe is anticipated to follow behind by registering a CAGR of 3.54% over the forecast period, owing to the presence of several major market players in the region and rising adoption of e-commerce activities. In addition to that, the increase in demand for packaged products that weigh lower, including the demand for sustainable packaging material are all anticipated to drive the growth of the market in the region over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global kraft paper market which includes company profiling of Natron-Hayat, Nordic Paper, Stora Enso, Segezha Group, Mondi, Smurfit Kappa and Daio Paper Corporation. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global kraft paper market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.