Kraft Paper is a paper that is finally obtained, as a result of chemical pulp being produced in the kraft process. It is strong and durable and finds its utility in several industry verticals, with some of them being construction, healthcare, food and beverages, cosmetics and others. The construction industries have been using kraft papers for their packaging operations that include wrapping items, void fill, bundling and others. Moreover, kraft papers are also used in food and beverage sector as sometimes both frozen and non-frozen confection wrapper, including chewing gum wrapper, biscuit bag and tea pouches.
The global kraft paper market is predicted to grow at a noteworthy CAGR over the forecast period, i.e. 2019-2027. The market in Europe is anticipated to grow at a CAGR of 3.54% over the forecast period, owing to the presence of various factors such as major presence of key market players in the region and the growing adoption of e-commerce activities, followed by rise in demand for packaged products that are lighter in weight as well as sustainable packaging material. On the other hand, the market in Asia Pacific is anticipated to grow at a CAGR of 4.02% over the forecast period, owing to factors such as rising requirements for the enhancement of packaging in FMCG products and the rise of the manufacturing sector in the region.
The study further incorporates Y-O-Y Growth, demand & supply and forecast future opportunity in North America (United States, Canada), Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).
On the basis of product type, the global kraft paper market is segmented into medium corrugate, kraft liner, chipboard and others. Chipboard forming part of product type segment is predicted to grow at the highest CAGR of 4.35% over the forecast period in the European region, owing to factors such as greater protection and strength of the packaging material that lowers the chances of damages that can occur to a product. Additionally, they are most preferred in packaging of food items, including their demand from other areas, where there is a requirement for a powerful and easily foldable carton. Chipboard forming part of product type segment is anticipated to register the highest CAGR of 5.13% in the Asia Pacific region over the forecast period. CLICK TO DOWNLOAD SAMPLE REPORT
The market is segmented into packaging, floor covering, paint masking and others on the basis of application. The packaging segment is predicted to register the highest CAGR of 3.92% in the European region over the forecast period, owing to factors such as their higher usage in restaurants which would have to pack food in a simple and flexible manner, in addition to offering protection to the food items that are being carried to various places.
The market is segmented into retail, home and personal care, construction and others on the basis of end-user. In the Europe region, retail sector falling under end-user segment is anticipated to register the highest CAGR of 3.86% over the forecast period. This is attributed to the fact that the packaging that takes place using kraft paper is considered to be economical, in addition to being environment-friendly and are convenient for individuals who carry such food items.
The usage of kraft papers in the power industry has always been high, as they are used for insulating high voltage apparatus, transformers, capacitors and cables. The use of paper and pressboard obtained from unbleached softwood kraft pulp also finds its use as an insulating material for oil-filled high voltage transformers. One type of kraft paper being Crepe kraft paper is being used for the purpose of insulating high-voltage parts in electrical equipment. The prices of Kraft papers are cheaper as compared to plastic tapes. Kraft paper finds their usage as floor covering in fiberglass operations as well as painting of interior spaces. This also includes paint masking, including skid and pallet covering. Moreover, sack kraft papers are environment-friendly and are being used in several industries as packaging material for cement, mortar as replacement of plastic sacks.
Transformers have been playing an effective role in supplying power in an efficient manner and is a significant equipment when it comes to handling power transmission and distribution. Kraft paper is being utilized in a substantial manner for the purpose of insulating HV oil filled transformers, including capacitors and cables.
There are a few limitations faced by individuals who are using kraft papers, with a large segment of population preferring to use plastic packaging which is convenient for individuals to handle as well as being highly efficient as compared to kraft papers. Packaging using plastic is cheaper as compared to kraft paper packaging. In addition to that, plastic bags have been in industrial use on a day to day basis in various sectors such as horticulture and construction which have seen higher usage as compared to others. Moreover, the rise in demand for food and beverages as well as grocery and other consumer items is driving the high demand for plastics in the market.
Some of the renowned industry leaders in the global kraft paper market are Natron-Hayat, Nordic Paper, Stora Enso, Segezha Group, Mondi, Smurfit Kappa and Daio Paper Corporation. Moreover, other key and niche players are presently operating in the market and are offering various advanced and efficient products in the market, in order to gain a higher competitive advantage over their competitors in the global kraft paper market.
EUROPE AND ASIA PACIFIC KRAFT PAPER MARKET
Part 1: Market Definition and Research Methodology
Market and solution definition
Part 2: Research Methodology
Part 3: Executive Summary
Part 4: Policies & Standards
Part 5: Production Data by Country
Part 6: Import Quantity by Country
Part 7: Europe Kraft Paper Market (USD Billion & Million Tons)
U.K. Kraft Paper Market (USD Billion & Million Tons)
Germany Kraft Paper Market (USD Billion & Million Tons)
France Kraft Paper Market (USD Billion & Million Tons)
Italy Kraft Paper Market (USD Billion & Million Tons)
Spain Kraft Paper Market (USD Billion & Million Tons)
Rest of Europe Kraft Paper Market (USD Billion & Million Tons)
Part 8 Asia Pacific Kraft Paper Market (USD Billion & Million Tons)
Indonesia Kraft Paper Market (USD Billion & Million Tons)
South Korea Kraft Paper Market (USD Billion & Million Tons)
China Kraft Paper Market (USD Billion & Million Tons)
India Kraft Paper Market (USD Billion & Million Tons)
Malaysia Kraft Paper Market (USD Billion & Million Tons)
Vietnam Kraft Paper Market (USD Billion & Million Tons)
Australia Kraft Paper Market (USD Billion & Million Tons)
Philippines Kraft Paper Market (USD Billion & Million Tons)
Rest of Asia Pacific Kraft Paper Market (USD Billion & Million Tons)
Part 9: Africa Pacific Kraft Paper Market (USD Billion & Million Tons)
Part 10: Competitive Landscape
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