The kraft paper market has seen considerable growth due to a variety of factors.
• The steady expansion of the kraft paper market in previous years is notable. The projections indicate an escalation from $17.77 billion in 2024 to $18.62 billion in 2025, experiencing a compound annual growth rate (CAGR) of 4.8%.
The historical period's growth can be associated with substantial economic improvement in burgeoning markets, as well as an increased demand for prepared on-the-go food items.
The kraft paper market is expected to maintain its strong growth trajectory in upcoming years.
• The size of the kraft paper market is predicted to continually increase in the forthcoming years. It is estimated to reach a value of $22.58 billion in 2029, with a compound annual growth rate (CAGR) of about 4.9%.
Factors that contribute to this growth during the forecasted period include escalated government backing, rising consciousness, and swift urbanization. Some significant trends for this period encompass a concentrated effort on novel paper packaging, striving to mitigate the necessity for supplementary plastic in product creation, unveiling innovative products to allure a larger customer base, technological progress furnishing refined solutions, amplifying investments to widen manufacturing capabilities and strategic alliances to reinforce the product range and geographic footprint.
The kraft paper market is being fueled by the swift growth of the packaging industry. Kraft Paper, due to its robustness and endurance, is employed in commercial and industrial packaging tasks like packing, wrapping individual pieces, bundling, and void fill. For instance, the Australian Packaging Covenant Organisation (APCO), a non-profit entity based in Australia, announced in April 2024 that the total packaging produced for the Australian market in 2021-2022 was roughly 6.98 million tonnes. This included paper and paperboard (52.3%), plastic packaging (18.3%), glass packaging (16.4%), wood packaging (8.8%), and metal packaging (4.3%). As a result, the rapid advancement of the packaging industry is set to drive the kraft paper market.
The kraft paper market covered in this report is segmented –
1) By Type: Virgin Natural Kraft Paper, Natural Recycled Kraft Paper, Black Kraft Paper, Colored Kraft Paper, White Or Bleached Kraft Paper, Printed Kraft Paper
2) By Packaging Form: Corrugated Boxes, Grocery Boxes, Industrial Bags, Wraps, Pouches, Envelopes
3) By Grade: Unbleached, Bleached
4) By End User: Food And Beverages, Building And Construction, Electronics And Electricals, Cosmetic And Personal Care, Textile Manufacturing, Other End Users
Subsegments:
1) By Virgin Natural Kraft Paper: Unbleached Virgin Kraft Paper
2) By Natural Recycled Kraft Paper: Recycled Brown Kraft Paper
3) By Black Kraft Paper: Matte Black Kraft Paper, Glossy Black Kraft Paper
4) By Colored Kraft Paper: Solid Colored Kraft Paper, Pastel Colored Kraft Paper
5) By White Or Bleached Kraft Paper: White Unbleached Kraft Paper, White Bleached Kraft Paper
6) By Printed Kraft Paper: Custom Printed Kraft Paper, Pre-printed Kraft Paper
One significant trend picking up momentum in the kraft paper sector is Product Innovation. Firms in the kraft paper market are unveiling specialty innovations that offer enhanced resilience and utility. For example, Pregis, an American firm specialized in paper-based packaging material production, augmented its EasyPack set of paper-based packaging solutions in 2022 by launching GroTerra. GroTerra is an eco-friendly, expandable paper product, providing light cushioning and interleaving security.
Major companies operating in the kraft paper market include:
• Mondi Group
• Stora Enso
• WestRock
• Smurfit Kappa
• Klabin S.A,Nine Dragons Paper Holdings
• Billerud AB
• Heinzel Group
• Segezha Group
• International Paper
• JB Craft Paper LLP
• BN Papers
• Blue Mount Paper and Boards Limited
• Shree Krishna Paper Mills and Industries Ltd
• Millenium Overseas
• Prima Papers LLP
• Diyan Papers LLP
• Shri Brahma Paper Mill Pvt
• Kamishigen Co. Ltd
• Arrowfield Co. Ltd
• TF Group
• Zhengzhou SF Paper Factory
• Linqu Hengsen Packaging Materials Co. Ltd
• Chengdu Qingya Paper Industries Co. Ltd
• Golden Paper Co.
• Limited
• Rise Star Holdings Limited
• Hebei Feiyue Industry Co.Ltd
• Qiongdao Sanshi Paper Co. Ltd
• Pg Paper Co. Ltd
• Comet Packaging
• Expack Uk
• Somic Textiles Ltd
• Varad Papers Pvt Ltd
• Sunflower Packaging Co. Ltd
• Skybridge Albion Ltd
• Richmond Papers Ltd
• Ecopacksnab
• Chestnyi Chek LLC
• Ilim Group
• Veiro Pro
• Meltic Ltd.
• Papertec. Inc
• Deluxe Packaging
• Steelson Packaging
• KapStone Paper and Packaging Corporation
• Georgia-Pacific LLC
• Packaging Corporation of America (PCA)
• Domtar Corporation
• Hood Packaging Corporation
• Norampac Inc
• Klingele Paper and Packaging Group
• Paper Excellence
• Santher
• gKraft paper
• Paperindex
• CMPC Biopackaging
• Andritz Chile Ltd
• Arabian Kraft Paper Manufacturing LLC
• R3s Paper Bags Works
• Al Wahdania Shipping and Cargo
• Aetreum
• APL International
• Zdpacks Manufacturing Llc
• CPpack
• RBE Stationery Manufacturers
• Corruseal Group
North America was the largest region in the kraft paper market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the kraft paper market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.