Kraft Paper Market Resiliently Expands Amidst Pandemic Challenges; Asia Pacific Leads Growth
Surge in Fast-Food Culture and Environmental Concerns Propel Kraft Paper Market Despite COVID-19 Setbacks
In a resilient turn of events, the global Kraft Paper Market has showcased robust growth, overcoming the setbacks posed by the COVID-19 pandemic. According to the latest report, the Kraft Paper market, valued at US$ 18.16 Bn. in 2022, is projected to witness a steady CAGR of 3.4% during the forecast period, reaching an estimated US$ 22.95 Bn. by 2029.
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Summarize Market Report: Compile a Comprehensive Overview
The report published by Maximize Market Research helps clients to understand the competitive landscape in detail, which is a guide for strategic planning. The report gives insights about the market to help clients understand the demand for their product in the future with the emerging trends in the Kraft Paper industry. The Kraft Paper Market overview gives thorough details about the size of the market, trade statistics, leading players, and various market metrics such as life cycle, trends, etc.
Scope And Method Insight: Uncover Kraft Paper Market Parameters and Research Approach
The report encompasses the latest revenue and market trends within the Kraft Paper Market. It offers an overview, definition, and structural insights into the Kraft Paper Market, along with measures for preventive and pre-planned management. The report takes a focused approach towards the key influencing factors of the Kraft Paper Market, encompassing aspects like gross margin, costs, market share, capacity utilization, and supply. Furthermore, it aids in gauging the prospective growth of the Kraft Paper Market in the upcoming years.
In terms of understanding the market landscape, the report provides insights into the market's size and share. These estimations furnish valuable upfront data and statistics, rendering the report an indispensable guide for individuals involved in decision-making processes within the Kraft Paper Market. Additionally, the report meticulously scrutinizes top players in the Kraft Paper Market, evaluating their size, market share, growth, revenue, production volume, and profitability. This research also unveils the growth strategies deployed by key players, including the utilization of strategic alliances and new product innovation. Moreover, the report facilitates an understanding of competitor pricing strategies within the Kraft Paper Market.
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Divide Kraft Paper Market Insight: Uncover Strategic Segmentation Analysis
by Grade
Unbleached
Bleached
Wrapping & Packaging
Others
In terms of grade, the Unbleached category held a 32% market share in 2022. It is very durable and of the brown unglazed grade. mostly employed in the manufacturing of large and medium-sized sacks. It is also used as a foundation for different packing, laminations, and coatings. The kraft paper market's segment growth is being propelled by these factors.
by Packaging Form
Corrugated Boxes
Grocery Bags
Industrial Bags
Others
In terms of packaging form, corrugated boxes held a 36.4% market share in 2022. They facilitate handling while also shielding shipping items from damage. Because they are recyclable and reusable, this segment helps to reduce packing waste. Corrugated boxes are in high demand in the following industries: food and beverage, building and construction, clothing, freight forwarding, logistics, cosmetics and personal care and pharmaceuticals. The market segment is expanding as a result of these factors.
by Application
Foods & Beverage
Pharmaceuticals
Building and Construction
Cosmetics & Personal Care
Others
With a 35.6% market share by application in 2022, the Foods and Beverage segment led the market. the increased usage of kraft paper in the baking industry for ingredients and products, dairy and cheese, crisps, nuts and snacks, confections, coffee, dehydrated and dried food, chilled and fresh food, frozen food, and ice cream. The market segment is expanding as a result of these factors.
Key Player Insight: Explore Dominant Contributors in the Market
1. MONDI
2. Ahlstrom-Munksj
3. CMPC
4. Daio Paper Corporation
5. Glatfelter
6. International Paper
7. ITC Limited
8. Nippon Paper Group
9. Sappi Limited
10. Segezha Group
11. Smurfit Kappa
12. Stora Enso
13. WestRock Company,
14. Kapstone Paper & Packaging
15. Canfor Corporation
16. Georgia Pacific LLC.
17. Billerudkorsnas AB
18. Natron Hayat d.o.o
19. Tokushu Tokai Paper Co., Ltd.
20. Nordic Paper
21. Oji Holdings Corporation
22. Gascogne
23. SCG PACKAGING
24. Canadian Kraft Paper Ltd.
25. Forest Company
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Kraft Paper Market: Explore Regional Dynamics Through Geographic Market Trends
The report has been segmented into many key countries, including market size, CAGR, import and export of Kraft Paper Market in the different countries mentioned in the report. The regions and their countries studied are: North America (U.S., Canada, Mexico), Europe (UK, Germany, France, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Australia, South Korea, Asian Countries, Rest of APAC), South America (Brazil), Middle East and Africa.
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