Kraft Paper Market

Kraft Paper Market Outlook for 2024 to 2034

The global kraft paper market share is estimated to gain a revenue of USD 16.8 billion in 2024. Our paper domain experts opine that kraft paper providers can expect a consistent CAGR of 2.4% through 2034, with a forecast valuation of USD 21.2 billion by 2034.

Top Trends Catalyzing Sales of Kraft Paper Solutions

• The increasing popularity of fast-food restaurants, spearheaded by the hectic consumer lifestyle, is catalyzing sales of brown paper packaging. Kraft paper solution is considered the best substitute for food paper as it is free from dangerous chemicals, does not bring variation in food taste, and maintains food quality.
• Surging utilization of eco-friendly eCommerce paper to communicate to clients the commitment toward the planet. Moreover, kraft paper significantly reduces unnecessary overspray and is lighter in weight, thus adding to its popularity among e-commerce businesses.
• Leading manufacturers are presented with the exciting potential to innovate and expand over the forecast period. The biodegradable and natural properties of kraft paper make it an attractive option in multiple industries like cosmetics, food and beverage, and eCommerce.
• Governments across the globe are pushing their limits on single-use plastic and promoting awareness about biodegradable and sustainable paper solutions, thus encouraging food makers to utilize kraft paper packaging.

Attributes	Details
Kraft Paper Market Size, 2023	USD 16.4 billion
Kraft Paper Market Size, 2024	USD 16.8 billion
Kraft Paper Market Size, 2034	USD 21.2 billion
Value CAGR (2024 to 2034)	2.4%

Historical Growth of the Kraft Paper Market Vs. Forecast Outlook

The global kraft paper market is projected to scale from USD 16.4 billion in 2023 to USD 21.2 billion by 2034, registering a CAGR of 2.4% in the meanwhile. The following factors are propelling sales of kraft paper solutions:

• Utilization of kraft paper is surging in various industries like building and construction, food and beverage, personal care, cosmetics, and eCommerce, owing to a plethora of advantages like cost-effectiveness, recyclability, ease of shipping, ease of customization, and high compatibility.
• Rising demand for functional packaging solutions to protect the products during transportation is creating optimistic prospects for the kraft paper market. Since kraft paper is strong, durable, eco-friendly, aesthetic, and functional, it is finding heightened demand.

Attributes	Details
Kraft Paper Market Size (2019)	USD 15.3 billion
Kraft Paper Market Size (2023)	USD 16.4 billion

Category-wise Insights

Sales of Kraft Paper in the Food and Beverages Sector to Uplift the Overall Revenue of Kraft Paper Market

Leading End Use	Food and Beverages
Market Share % (2024)	26.7%

The food and beverages segment is projected to acquire a market share of 26.7% in 2024. The following factors are catalyzing sales of kraft paper in the food and beverage sector:

• Increasing popularity of kraft paper bags to pack multiple food items like pastries, bread, coffee, and snacks due to their durability, customization, and easy-to-transport characteristics.
• Surging demand for sustainable alternatives to plastic cups like kraft paper, as they are customizable with branding and other information, is propelling sales of kraft paper.
• The rising use of kraft paper labels to brand food and drinks is augmenting the segment growth.

Specialty Kraft Paper to Account for a Leading Market Share

Leading Product Type	Specialty Kraft Paper
Market Share % (2024)	82.5%

Specialty kraft paper solutions are predicted to account for a massive market share of 82.5% in 2024. The following factors are projected to augment sales of specialty kraft paper over the forecast period:

• Increasing demand for visually appealing and high-quality paper materials to package luxury and gourmet foods and drinks is catalyzing sales of specialty kraft paper.
• Surging efforts by key players to develop new, innovative specialty kraft paper products with better properties like printability, barrier properties, and strength. The resultant products are opening up new avenues for specialty kraft paper in a broader range of applications.

Country-wise Insights

Surging Demand for Sustainable Packaging Solutions to Propel Sales for Kraft Paper in Canada

Country	Canada
Forecast CAGR % (2024 to 2034)	3.3%

The Canada kraft paper market is projected to register a CAGR of 3.3% through 2034. The following factors are projected to lead the market growth:

• The increasing popularity of online retail in Canada, owing to its convenience and discount benefits, is anticipated to boost the accessibility of kraft papers among the Canadian population. In line with this, the expanding demand for eCommerce paper is predicted to have a positive impact on the sales of kraft paper.
• Growing demand for eco-friendly paper solutions is projected to boost the appeal of kraft paper across different industries.
• The expanding food and beverage paper industry is projected to induce demand for kraft paper over the forecast period.

Government Support for Sustainable Practices to Augment Demand for Kraft Papers in the United Kingdom

Country	The United Kingdom
Forecast CAGR % (2024 to 2034)	3.6%

The United Kingdom kraft paper market is projected to account for a CAGR of 3.6% through 2034. Given below are the prominent factors backing the preference for kraft paper solutions:

• A growing focus on ecologically friendly paper solutions, spearheaded by government initiatives to support sustainable practices, is expected to propel sales of kraft paper.
• Technological breakthroughs in the production processes of kraft paper are projected to open up new business opportunities in the country.

eCommerce Boom to Push Sales of Kraft Paper in China

Country	China
Forecast CAGR % (2024 to 2034)	5.4%

The China kraft paper market is anticipated to register a CAGR of 5.4% through 2034. The following factors are yielding demand for the product over the forecast period:

• Increasing preference for kraft paper-based packaging that meets the demand for eco-friendly packaging options.
• Surging eCommerce business, which is propelling the demand for robust and durable packaging materials like kraft paper to offer exceptional protection and strength to products during transit.
• Rising acceptance of kraft paper in building brand aesthetics and identity is catalyzing demand for kraft paper.

Investors and Stakeholders Eyeing India as a Lucrative Pocket for Kraft Paper Business

Country	India
Forecast CAGR % (2024 to 2034)	5.9%

The India kraft paper market is estimated to expand at a significant CAGR of 5.9% through 2034. Given below are the leading factors that are yielding market growth:

• Increasing government support to deploy recyclable materials and reduce plastic waste are spurring sales of kraft paper in India.
• Rising investment by key players in the country by setting up additional production units to meet the surging domestic as well as international demand for kraft paper owing to its unique attributes is expected to augment demand growth of kraft paper.

Thailand to Observe Significant Presence of Kraft Paper Manufacturers

Country	Thailand
Forecast CAGR % (2024 to 2034)	4.8%

The Thailand kraft paper market is anticipated to record a CAGR of 4.8% over the forecast period. The following factors are backing the growth of kraft paper in the country:

• Increasing appeal for kraft paper throughout different industries, including food and beverages, paper, etc., is augmenting the sales of kraft paper.
• Surging count of firms in Thailand offering a variety of paper products, including kraft paper, high-quality kraft liner, etc.
• Extensive application of kraft paper solutions is expected to augment market scope over the next decade.

Key Players to Attract Higher Revenues in the Forecast Period

The competition scene in the kraft paper industry is characterized as fragmented, with several conglomerates taking up a considerable share of the market. Market players are developing new products to boost their annual revenue. Apart from this, leading players are deploying several marketing strategies, like collaborations, acquisitions, and expansions. Players are focusing on novel product launches to expand their reach in the market.

To tap into potential markets, key players are up-leveling their marketing and branding strategies. Market participants are investing in the latest sophisticated technologies to enhance their customization options and paper quality. Moreover, players are forming strategic partnerships with distributors and suppliers to ramp their access to new markets. To get ahead of the curve, players are performing market research to gain critical insights into emerging trends, and consumer demands to offer relevant product offerings.

Key Developments Shaping the Kraft Paper Market

• In July 2021, ProAmpac announced that it was going to acquire APC Paper, which is a supplier of sustainable kraft paper. The latter company is committed to producing 100% recycled products, which is going to help ProAmpac meet its sustainable paper goals and offerings.
• In January 2021, Mondi Plc commenced operations in its new kraft paper plant, the Czech mill. The facility is expected to create 100% recyclable kraft paper utilizing fresh and recycled fibers without compromising strength.

Key Kraft Paper Manufacturers

• WestRock Company
• Mondi Group Plc.
• Canfor Corporation
• Natron-Hayat d.o.o.
• International Paper Company
• DS Smith Plc.

Scope of Kraft Paper Market Report

Attribute	Details
Forecast Period	2024 to 2034
Historical Data Available for	2019 to 2024
Market Analysis	Units for Volume and USD million for Value
Key Regions Covered	North America; Latin America; Europe; Asia Pacific; and the Middle East and Africa
Key Countries Covered	The United States, Canada, Brazil, Mexico, Germany, the United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, and others.
Key Market Segments Covered	Product, Application, End Use, Region
Key Companies Profiled	WestRock Company; Mondi Group Plc.; Canfor Corporation; Natron-Hayat d.o.o.; International Paper Company; DS Smith Plc.

Table of Content

• 1. Executive Summary
• 2. Market Overview
• 3. Market Background
• 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
• 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type
  • 5.1. Specialty
  • 5.2. Sack
• 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
  • 6.1. Corrugated Boxes
  • 6.2. Grocery & Shopping Bags
  • 6.3. Multiwall Sacks
  • 6.4. Carryout Bags
  • 6.5. Others
• 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Grades
  • 7.1. Bleached
  • 7.2. Unbleached
  • 7.3. Coated
  • 7.4. Uncoated
• 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use
  • 8.1. Food & Beverages
  • 8.2. Electronics
  • 8.3. Construction
  • 8.4. Cosmetics and Personal Care
  • 8.5. Textile Manufacturing
  • 8.6. Others
• 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
  • 9.1. North America
  • 9.2. Latin America
  • 9.3. Western Europe
  • 9.4. Eastern Europe
  • 9.5. South Asia and Pacific
  • 9.6. East Asia
  • 9.7. Middle East and Africa
• 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 12. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 13. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 14. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 17. Key Countries Market Analysis
• 18. Market Structure Analysis
• 19. Competition Analysis
  • 19.1. WestRock Company
  • 19.2. Mondi Group Plc.
  • 19.3. Canfor Corporation
  • 19.4. Natron-Hayat d.o.o.
  • 19.5. International Paper Company
  • 19.6. DS Smith Plc.
• 20. Assumptions & Acronyms Used
• 21. Research Methodology