How Is The Global Saturating Kraft Paper Market Defined?
Saturating kraft paper is a type of paper that has been infused or treated with resin to enhance its strength, durability, and resistance to moisture and chemicals. This process involves saturating the kraft paper fibers with a resinous material, typically a thermosetting resin, to achieve these improved properties. It is commonly used in packaging, construction materials, and other applications requiring robust paper with enhanced performance characteristics.
Saturating Kraft Paper Global Market Report 2024 provides data on the global saturating kraft paper market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The saturating kraft paper market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
How Are The Global Saturating Kraft Paper Market Size And Growth Rates Projected To Evolve?
The saturating kraft paper market has grown strongly, increasing from $1.36 billion in 2023 to $1.45 billion in 2024 at a CAGR of 6.7%. Growth has been driven by demand from the packaging industry, a shift toward sustainable and recyclable materials, paper recycling initiatives, and regulations promoting eco-friendly practices. The market is projected to grow to $1.89 billion in 2028 at a CAGR of 6.9%, supported by rising e-commerce demand, biodegradable packaging solutions, innovations in barrier coatings, lightweight packaging, and increased consumer awareness. Trends include expanded production capacities, digital technologies in supply chains, premium-grade kraft papers for luxury packaging, and smart packaging solutions.
What Are The Essential Drivers Behind The Growth Of The Saturating Kraft Paper Market?
The increasing demand in the construction industry is expected to propel the growth of the saturating kraft paper market. The construction sector, which involves planning, development, and execution of building and infrastructure projects, is growing due to urbanization, population growth, and rising investments in residential and commercial projects. Saturated kraft paper is used for packaging and protecting materials like cement and plaster in the construction industry, providing strength and resistance to moisture and tearing. According to the Office for National Statistics, the UK construction industry grew by 12.7% in 2021, marking a significant increase from the previous year. The growing demand in construction is fueling the growth of the saturating kraft paper market.
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How Is The Global Saturating Kraft Paper Market Divided Into Key Segments?
The saturating kraft paper market covered in this report is segmented –
1) By Paper Grade: Bleached, Unbleached
2) By Weight: Less Than 50 GSM, 50-100 GSM, 101-200 GSM, More Than 200 GSM
3) By Application: Flooring, Shelving, Partition, Countertops, Panels, Other Applications
4) By End-User: Industrial, Residential
What Trends Are Reshaping The Future Of The Saturating Kraft Paper Market?
Key players in the saturating kraft paper market are creating advanced products like OBA-free kraftliner to address the packaging industry's evolving needs. These kraftliners, made without optical brightening agents (OBAs), offer sustainable solutions for packaging. In June 2022, Finland-based Stora Enso Oyj introduced AvantForte WhiteTop kraftliner, made entirely from virgin fibers. Designed for secure and high-performance packaging, it provides excellent print quality and durability, meeting the demand for eco-friendly alternatives without compromising functionality or visual appeal.
What Is The Fastest Growing Region In The Saturating Kraft Paper Market?
Asia-Pacific was the largest region in the saturating kraft paper market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the saturating kraft paper market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
