PUBLISHER: 360iResearch | PRODUCT CODE: 1500431
PUBLISHER: 360iResearch | PRODUCT CODE: 1500431
[196 Pages Report] The Kraft Paper Market size was estimated at USD 18.11 billion in 2023 and expected to reach USD 18.95 billion in 2024, at a CAGR 4.76% to reach USD 25.09 billion by 2030.
Kraft paper, a highly resilient and sturdy material, is a form of paper produced from chemical pulp processed in the kraft process. This process involves the conversion of wood into wood pulp comprising almost pure cellulose fibers. The kraft process strengthens the paper by eliminating lignin and hemicellulose, the components of wood that contribute to its rigidity but are not necessary for the paper-making process. Ongoing increasing demand for sustainable packaging solutions from various industries supported by stringent government regulations regarding the use of non-eco-friendly packaging materials owing to the market growth. Additionally, the expansion of e-commerce continues to be a driving force behind the increasing need for effective and strong packaging materials. However, fluxes in the costs of raw materials and competition from plastic packaging materials limit the adoption of kraft paper solutions. Furthermore, the advancements in technology that increase the efficiency of paper production and recycling, along with product innovations that enhance the material's properties, such as barrier coatings that improve water and grease resistance, pose significant opportunities for market growth.
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 18.11 billion |
Estimated Year [2024] | USD 18.95 billion |
Forecast Year [2030] | USD 25.09 billion |
CAGR (%) | 4.76% |
Regional Insights
In the Americas, the United States and Canada constitute significant markets for kraft paper. The United States kraft paper market is mature, with a stable demand aligned with the country's substantial commerce growth, while Canada's focus is on sustainable packaging driven by governmental environmental policies. Consumer needs in the region lean towards high-strength, biodegradable, and lightweight packaging. The EMEA region presents a diverse market for kraft paper due to varied economic, cultural, and environmental conditions. EU countries show a robust demand for premium-quality kraft paper, driven by strong regulatory frameworks emphasizing sustainable packaging. Innovation and eco-design are at the forefront of European consumer needs, with numerous initiatives aimed at promoting recycling and reducing plastic waste. In the Middle East, the expansion of the logistics and construction sector has spurred demand for durable and resistant kraft paper. The APAC region has seen substantial growth in the kraft paper market, driven primarily by countries including China, Japan, and India. Population explosion and rapid urbanization have led to immense growth in retail and e-commerce sectors, both of which heavily rely on kraft paper for packaging. High consumer awareness regarding sustainable packaging solutions has increased the demand for eco-friendly kraft paper.
Market Insights
The market dynamics represent an ever-changing landscape of the Kraft Paper Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
FPNV Positioning Matrix
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Kraft Paper Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Kraft Paper Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments
Heinzel Completes Acquisition of Steyrermuhl Mill from UPM
The Heinzel Group has successfully acquired UPM's Steyrermuhl paper and sawmill in Austria. This strategic move solidifies Heinzel's dedication to sustainability and expanding its presence in kraft paper manufacturing. In March 2023, Heinzel initiated the transformation of the mill to produce up to 150,000 tons per year of their starkraft brand's brown and white low-grammage kraft papers, with the project due for completion in the second quarter of 2024. [Published On: 2024-01-04]
Nordic Paper to Invest USD 84 Million for Sustainable Kraft Paper Production
Nordic Paper has announced a investment of approximately USD 84 million in its high-quality kraft paper manufacturing Backhammar mill to enhance its sustainability performance and competitiveness. Nordic has tapped AFRY for its expertise to bring forth comprehensive project management and multi-disciplinary engineering services to the endeavor, capitalizing on a fruitful pre-study phase partnership. [Published On: 2023-12-15]
JMC PAPERS' New Kraft Paper Mill in Mexico
JMC Paper Tech Private Limited, a manufacturer and supplier within the pulp and paper industry, has announced the commencement of construction for their ambitious kraft paper mill at the Mexico border. This strategic expansion is anticipated to reinforce JMC's international presence and also to invigorate the local economy through job creation and regional development. [Published On: 2023-05-15]
Strategy Analysis & Recommendation
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Kraft Paper Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Kraft Paper Market, highlighting leading vendors and their innovative profiles. These include Billerud AB, Canadian Kraft Paper Ltd., Canfor Corporation, Empresas CMPC S.A., Gascogne Papier, S.A.S., Heinzel Holding GmbH, Holland Manufacturing Company, International Paper Company, JMC Paper Tech Pvt. Ltd., Klabin S.A., LINTEC Corporation, Mondi PLC, ND Paper LLC, Nippon Paper Industries Co., Ltd., Nordic Paper, Packman Packaging Private Limited, Sappi Papier Holding GmbH, Saras Paper International, Shree Ajit Pulp and Paper Limited, Shree Krishna Paper Mills & Industries Limited, Silverton Pulp & Papers Pvt Ltd., Smurfit Kappa Group PLC, Star Paper Mills Limited by Duncan Goenka Group, Tokushu Tokai Paper Co., Ltd., Vijay Anand Kraft Papers Pvt Ltd, and Westrock Company.
Market Segmentation & Coverage