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Kraft Paper Market by Grade Global Forecast to 2025

04 NOV, 2020

Topic: Article, Market Forecast

 

The kraft paper market is projected to grow from USD 15.6 billion in 2019 to USD 18.7 billion by 2025, recording a CAGR of 3.0% during the forecast period. The rise in demand for kraft papers in various end-use industries, such as food & beverages, building & construction, cosmetics & personal care automotive, and consumer durables, is a key factor that is projected to drive the growth of the kraft paper market across the globe. In addition, factors such as rapid urbanization across regions and the recyclability feature of kraft papers are projected to contribute to the growth of the kraft paper market during the forecast period.

 

In terms of value and volume, the corrugated boxes segment is projected to lead the kraft paper market from 2019 to 2025.

Based on packaging form, the corrugated segment is projected to dominate the kraft paper market, in terms of value and volume, from 2019 to 2025. Corrugated boxes not only offer protection to shipped goods from damages but also offer easy handling features. The reusable and recyclable nature of corrugated boxes reduces packaging waste. This has resulted in an increased demand for corrugated boxes in various industries such as food & beverages, building & construction, clothing, freight forwarding, logistics, cosmetics & personal care, and pharmaceuticals.

 

In terms of value, the building & construction segment in the kraft paper market is projected to grow at the highest CAGR during the forecast period.

Based on application, the building & construction segment in the kraft paper market is projected to grow at the highest CAGR, in terms of value, during the forecast period. The growth of this segment is attributed to the benefits of kraft paper packaging solutions that include resistance to temperature, water, and chemicals. Moreover, kraft paper packages are lightweight and can be molded in various shapes.

 

In terms of value, the Asia Pacific kraft paper market is projected to grow at the highest CAGR during the forecast period.

The Asia Pacific kraft paper market is projected to grow at the highest CAGR from 2019 to 2025, in terms of value. The growth of the market in the Asia Pacific region is attributed to the increased demand for kraft papers in densely populated countries such as India and China, as it is increasingly used in the production of packages to ensure cost savings, sustainability, and safety of packaged products. Moreover, the increasing application of kraft papers in the food & beverages, healthcare, consumer durables, building and construction industries is projected to drive the growth of the kraft paper market in the Asia Pacific region.

Note: Report conducted by MarketsandMarkets