New York, April 08, 2021 (GLOBE NEWSWIRE) -- Market Size – USD 17 Billion in 2020, Market Growth – at a CAGR of 3.5%, Market Trends –Increasing demand for attractive and eco-friendly packaging materials for products in food & beverages industry
The global kraft paper market is expected to be valued USD 22.38 Billion in 2028 from USD 17 Billion in 2020, and register a CAGR of 3.5% over the forecast period. Growth of the market is majorly attributable to growing demand for sustainable and recyclable material from packaging and various other end-use industries. Kraft paper is manufactured from wood pulp through pulverizing process and blending with strong wood filament. Rising demand for more environment friendly and effective packaging materials and solutions from end-use industries such as pharmaceuticals, foods & beverage, cosmetics & personal care, building and construction, aerospace, automotive, and electronics is expected to continue to support market growth over the forecast period.
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In addition, paper-based packaging offers benefits of compatibility with attractive printing, better shelf life of products, visual appeal, and protection of packaged goods during transportation. Eco-friendly packaging materials such as kraft paper are steadily gaining acceptance in various end-use industries as a primary packaging solution. Furthermore, these materials are lightweight, recyclable, reusable, and easy to transport, which opens up opportunities for growth of players operating in the market over the forecast period.
Kraft Paper Market by Grade (Bleached, Unbleached, Wrapping & Packaging, Sack Kraft Paper), Packaging Form (Wraps, Pouches, Grocery & Industrial Bags, Corrugated Box, Envelopes), Application (Foods & Beverage, Pharmaceuticals, Building and Construction, Cosmetics & Personal Care, Others), and Region - Global Forecast To 2028; To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/kraft-paper-market
Some Key Findings in the Report
Major players in the kraft paper market include:
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For the purpose of this report, Reports and Data has segmented the global kraft paper market on the basis of grade, packaging form, application, and region:
By Grade Outlook (Revenue, USD Billion; 2018-2028)
By Packaging form Outlook (Revenue, USD Billion; 2018-2028)
By Application Outlook (Revenue, USD Billion; 2018-2028)
By Region Outlook (Revenue, USD Billion; 2018-2028)
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