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Kraft Paper Market is Projected to Expand at a CAGR of 4.2% Over the Forecast Period 2018-2026

Monday, February 04, 2019

Press release from the issuing company

This Research delivers key insights on the Kraft Paper Market in its published report, titled "Global Kraft Paper Market: Industry Analysis and Opportunity Assessment, 2018•2026". In terms of revenue, the global Kraft Paper market is estimated to expand at a CAGR of 3.9% during the forecast period, owing to numerous factors, about which TMR offers thorough insights and forecasts in this report.

Wrapping paper is used for a variety of packaging options, Kraft paper being one of its types. Kraft paper is made from Kraft pulping process which uses softwood fibers for manufacturing. Softwood fibers provide Kraft paper more strength as well as flexibility. Kraft paper is dull as compared to other papers, as it is manufactured from chemical (Kraft) pulping. However, its properties in terms of brightness can be improved by bleaching process. Kraft paper is used in various applications which includes wrapping, pouches, sacks, open mouth valves to handle consumer goods and others. Kraft paper packaging is convenient and has less impact on environment. Kraft paper is also available in textured from to use it in cans & carton manufacturing. Out of total paper & paperboard production, packaging paper accounts for more than half of the share. The Kraft pulping technology is preferred in making wrapping paper, and other packaging solutions. The simplified process and easy waste recovery of Kraft pulping is driving the growth in use of Kraft paper globally. The ease of handling and need for minimal packaging is boosting the growth of Kraft paper bags & pouches. Re-usability and recyclability of Kraft paper is stimulating the global Kraft paper market. Heavy duty bags and sacks made from Kraft paper are used for industrial purpose and have good compression handling capacity. Powdered material and other chemicals are stored in large sack Kraft paper bags

According to RMOZ analysis, Kraft paper are replacements for plastic films & packaging. Kraft paper packages are used by retailers and brand owners for consumer convenience. Innovations in Kraft paper packaging solutions are replacing plastic based packaging solutions. Printability of bleached Kraft paper allows companies to print their taglines and product details easily. Customization trend and effective packages is enhancing the demand for specialty Kraft paper, which eventually is converted into bags and pouches for consumer friendly solutions. Various layers of Kraft paper can provide better strength to the packaging, layers include inner, outer and a barrier layer in between. The consumption of Kraft paper bags is estimated to increase in the upcoming years due to the stringent rules and regulations on plastic usage. Plastic bans across the globe is boosting growth of paper based packaging, irrespective of benefits from the polymer-based packaging. Kraft paper is available in different type of finishes which includes glazed and finished Kraft paper. Glazed Kraft paper has gloss finishing which gives Kraft paper packages a better appearance. Availability of raw material i.e. wood fiber may affect the global Kraft paper market. TMR believes that Kraft pulping process is employed in approximately 80% of total paper production.

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Kraft paper is segmented as per basis weight, product type, grade type, finish type, application and end use. Basis weight segment includes its density range which is variable according to the requirement. On the basis of product type, Kraft paper market is segmented into sack Kraft paper and specialty Kraft paper. The grade type segment includes bleached Kraft paper and unbleached, in which, bleaching is done in terms of chemical treatment. The finish type segment is further sub-segmented as glazed and finished type segment. On the basis of application type Kraft paper market has been segmented as bags & pouches, sacks, envelopes, corrugated sheets, cartons and composite cans. Kraft paper market is also segmented on the basis of end use which includes food & beverages, pharmaceuticals, building & construction, electronics & electrical, cosmetics and other consumer goods. The effect of growth in the Kraft paper market is expected to be more evident in the Asia Pacific region

 

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