Kraft Papers Market Overview
Kraft papers are referred to a paper or paperboard which is used for various applications such as packaging and others. Kraft paper is a porous along with high elasticity and high tear resistance. Kraft paper is designed for packaging products with high demands for strength and durability. Kraft papers are light in weight and tough in physical properties. Kraft papers have no harmful effect on environment.
Market Size and Forecast
Global kraft papers market is anticipated to flourish at a CAGR of 5.5% over the forecast period. Further, evolution of packaging industry along with growing concerns for waste disposal is predicted to foster the growth of global kraft papers market.
The global kraft papers market is segmented by type, by application, by end user and by region. On the basis of application, the market is segmented into packaging, pallet uses, paint masking, floor covering and others. Moreover, packaging is expected to account a highest CAGR by the end of 2024. Furthermore, rising adoption of bio-degradable packaging by various industries such as food & beverage and pharmaceuticals industries is providing unmatched opportunities for the kraft papers packaging manufacturers to grow and diversify their portfolio. Apart from this, virgin natural kraft paper segment by type is anticipated to capture a remarkable CAGR during the forecast period. Moreover, the factor riding the market of virgin natural kraft paper includes rising demand for high level of tear resistance for branded packaging and protective layering. In addition to this, various industries are adopting virgin natural kraft paper for packaging their products.
In the regional platform, Asia-Pacific region is estimated to be the biggest market of kraft papers in 2016. Additionally, Asia-Pacific region is believed to continue its dominance during the forecast period owing to huge adoption of kraft papers by various packaging industries. The major countries witnessing the augmented demand for kraft papers are Japan, China and India. Likely, rising adoption of clean packaging products and favorable government initiatives are envisioned to foster the growth of kraft papers market in the region.
North America and Europe regions are believed to grab significant CAGR over the forecast period. Further, U.S. accounted for the largest market of kraft papers in North America region owing to stringent environmental regulations taken by government for the environmental safety. Further, urbanization has increased the awareness among the consumers regarding sustainable packaging which is expected to positively impact the growth of the North America kraft papers packaging market over the forecast period. Further, vendors are introducing biodegradable and sustainable forms of packaging to cater to the growing demand for eco-friendly packaging products. These factors are believed to augment the demand for kraft papers in North America region.
Europe is anticipated to witness a tremendous growth during the forecast period. Further, Western Europe countries such as U.K. and France are the major countries witnessing the augmented demand for kraft papers owing to growing environmental concerns. Moreover, numerous environmental programs initiated by government are also projected to foster the growth of kraft papers market in Europe region.
Our in-depth analysis has segmented global kraft papers market into the following segments:
By End user
Global kraft papers market is further classified on the basis of region as follows:
Growth Drivers and Challenges
Factor such as rising adoption of kraft papers for packaging of various food products is projected to boost the demand for kraft papers by the end of 2024. Likely, growing concerns related to waste generation along with increasing demand for eco-friendly packaging materials are predicted to positively impact the growth of kraft papers market. Moreover, rising environmental concerns and growing public awareness about eco-friendly packaging are envisioned to be the dynamic factor behind the rapid growth of kraft papers market over the forecast period.
Moreover, strict governmental policies for the safety of environment coupled with introduction of various programs to aware population regarding advantages of kraft papers packaging is one of the major factors behind the growth of kraft papers market. Further, innovative kraft papers products with high tear resistance are also believed to flourish the growth of kraft papers market. Moreover, improving lifestyles due to rise in income level and increasing consumption of end use products such as food, medicines, drinks and others, especially in the developed countries is the key factor fueling the demand for eco-friendly packaging which in predicted to flourish the growth of kraft papers market.
However, lack of implementation of laws in underdeveloped nation regarding plastic packaging is anticipated to hinder the growth of the kraft papers market globally.
Scope and Context
Overview of the Parent Market
The global kraft papers market is segmented as follows:
Supply & Demand Risk
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
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