Global Kraft Paper  Market Size with Growth Opportunities, Top Countries Data, Future Trends and Share with Revenue Forecast 2022 to 2031

A report on Global Kraft Paper Market was added by Kenneth Research which covers the market size and growth over the forecast period 2022-2031. The market study involves analysis of the product demand and market on the basis of various factors and through a number of analytical tools. It is anticipated to grow at a significant CAGR during the forecast period. This can be attributed to the growth in the energy and power industry at a global scale.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical/Energy industries, creating a huge demand for Global Kraft Paper Market products.

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It is also anticipated to grow on account of the growing demand for alternative renewable energy sources, backed by the growing concern for pollution worldwide emitted from burning conventional fuel sources. Total electricity capacity from renewable energy sources around the world increased from around 750,000MW in 2000 to about 2,500,000MW in 2019. Additionally, electricity from hydropower energy, wind, solar, and bioenergy, grew from around 780000MW, 16000MW, 1200MW, and 29000MW in 2000 to 1300000MW, 620000MW, 580000MW, and 120000MW in 2019 respectively.

Global Kraft Paper Market is valued approximately USD 15.60 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 3.00% over the forecast period 2020-2027. Kraft paper and paperboards are made up of wood pulp, recycled material and chemicals that offers it high strength and high tear resistance. Due to such properties it is widely used in packaging along with overcoming global environmental concern of using plastics products. Kraft papers has high strength, lightweight, durable and thickness properties which stimulates its demand in packaging of heavy materials. It has wide range of application in producing corrugated boxes therefore, rapid growth in demand of corrugated box packaging across the globe drives the growth of market over the forecast years. For instance: as per Statista, the global corrugated packaging market was USD 237.5 billion in 2017 and is expected to grow up to USD 294.3 billion till 2023. The global outbreak of COVID-19 also affected the growth of Kraft papers due to the rising demand of such papers in making corrugated box packaging for essential end-use industries such as healthcare and food & beverage. For instance: in March 19, 2020, as per Fiber Box Association, the box industries are continued to operate in America to deliver needed packaging to customers belonging from grocery stores, pharmacies, doctor’s offices and hospitals with food and medical supplies. Also, in March 2020, as per the European Federation of Corrugated Board Manufacturers (FEFCO) supply of raw materials and manufacturing of corrugated box are allowed in Europe during lockdowns to offer transport corrugated packaging for various essential end-use industries such as healthcare and food & beverage. However, lack of favorable government initiatives in underdeveloped countries is the factor hampering the growth of market over the forecast years.

The regional analysis of global Kraft Paper market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rapid demand of kraft papers in various end use industries such as electronics, automotive and healthcare. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising growth in food processing industries would create a lucrative growth prospects for the global Kraft Paper market across Asia-Pacific region.

Major market player included in this report are:
International Paper
Stora Enso
Nippon Paper Group
Mondi Group Plc.
Sappi Limited
Smurfit Kappa Group
Tokushu Tokai Paper Co., Ltd.
BillerudKorsnäs AB
Segezha Group

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Grade:
Wrapping & Packing
Sack Kraft Paper

By Packaging Form:
Grocery Bags
Industrial Bags
Corrugated Box

By Application:
Food & Beverage
Cosmetics and personal care
Building & construction

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2022 to 2031

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Target Audience of the Global Kraft Paper Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

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Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defence, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research, are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.

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