The Europe kraft paper market is experiencing sustainable growth and demonstrating remarkable versatility. This market is driven by the increasing demand for eco-friendly packaging solutions and the growing emphasis on sustainability. With its recyclable and biodegradable properties, kraft paper is a favored choice for various applications such as packaging, crafting, bookbinding, and envelopes. It is valued for its strength, recyclability, and natural appearance. European businesses are adopting kraft paper solutions, aligning with green initiatives and environmental responsibility, shaping a promising and sustainable future for the region's paper market.
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Data Bridge Market Research analyses that the Europe Kraft Paper Market is expected to grow at a CAGR of 3.40 % in the forecast period of 2023 to 2030 and is expected to reach USD 4,240.76 million by 2030 from USD 3,245.48 million in 2022. The packaging industry's escalating demand for kraft paper, owing to its exceptional folding resistance and durability, is driven by the need for high-strength compression performance during product transportation, fostering market growth.
Key Findings of the Study
Rising demand for kraft paper in the food sector is expected to drive the market's growth rate
The food sector is experiencing a rising demand for kraft paper, particularly natural kraft paper, known for its strength. This sturdy paper variety is commonly employed to package various food items, including dried fruits, sugar, flour, and vegetables. Its utilization in food packaging is primarily driven by the need to ensure food safety, making it a preferred choice. Consequently, the demand for kraft paper in the food industry is growing due to its vital role in providing reliable and secure packaging solutions.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Specialty, Sack), Grade Type (Bleached, Unbleached), Type (Virgin Natural, Natural Recycled, Black, Coloured, White or Bleached, Printed), Finish Type (Glazed, Finished), Packaging Form (Bags and Pouches, Sacks, Envelopes, Corrugated Sheets, Composite Cans, Cartons), End-User (Food and Beverages, Pharmaceutical, Building and Construction, Cosmetic and Personal Care, Electronics and Electricals, Other)
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Countries Covered
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Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe
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Market Players Covered
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Mondi (U.K.), Segezha group (Russia), Klabin SA (Brazil), Billerudkorsnas (Sweden), Stora Enso (Finland), Daio Paper construction (Japan), Nordic Paper (Sweden), Glatfelter (U.S.), Gascogne Papier (Austria), Glatfelter Corporation (U.S.), Tokushu Tokai Paper Co., Ltd. (Japan), Goodwin Robbins Packaging Company Inc.(U.S.), Oji Holdings Corporation (Japan), CTI Paper USA (U.S.), Canfor (Canada), Genus Paper & Boards Limited (India), Georgia-Pacific (U.S.) Canadian Kraft Paper Ltd. (Canada), Fujian Qingshan Paper Co., Ltd.(China), Smurfit Kappa (U.S.), WestRock Company (Ireland), SCG PACKAGING (Thailand), International Paper (U.S.)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The Europe kraft paper market is segmented on the basis of products, grade type, type, finish type, packaging form, and end-user.
- On the basis of product, the Europe kraft paper market is segmented into specialty, and sack.
- On the basis of grade type, the Europe kraft paper market is segmented into bleached, and unbleached.
- On the basis of type, the Europe kraft paper market is segmented into virgin natural, natural recycled, black, coloured, white or bleached, and printed.
- On the basis of finish type, the Europe kraft paper market is segmented into glazed, and finished.
- On the basis of packaging form, the Europe kraft paper market is segmented into bags and pouches, sacks, envelopes, corrugated sheets, composite cans, and cartons.
- On the basis of end-user, the Europe kraft paper market is segmented into food and beverages, pharmaceutical, building and construction, cosmetic and personal care, electronics and electricals, and other.
Major Players
Data Bridge Market Research recognizes the following companies as the major Europe kraft paper market players in Europe kraft paper market are Genus Paper & Boards Limited (India), Georgia-Pacific (U.S.) Canadian Kraft Paper Ltd. (Canada), Fujian Qingshan Paper Co., Ltd. (China), Smurfit Kappa (U.S.), WestRock Company (Ireland), SCG PACKAGING (Thailand), International Paper (U.S.).
Market Developments
- In October 2022, Mondi PLC unveiled plans for a substantial EUR 400 million investment in a cutting-edge paper machine at its Steti mill in the Czech Republic. This investment, a pivotal component of the Group's EUR 1 billion expansionary capital investment initiative, is aimed at propelling growth in sustainable packaging. The new machine is expected to produce approximately 210,000 tonnes of sack kraft paper annually, bolstering Mondi's market leadership in its Paper Bags business segment.
- In September 2022, Sappi Limited accepted an offer to sell three of its European graphic mills, including the Maastricht Mill in the Netherlands, Stockstadt Mill in Germany, and Kirkniemi Mill in Finland, to AURELIUS Investment Lux One Sàrl. This decision is part of Sappi's strategic move to reduce its involvement in the graphic paper segment and focus on expanding into areas such as packaging, specialty papers, pulp, and biomaterials. It represents a significant step in reshaping Sappi's business portfolio.
- In 2021, the Segezha Group inked a contract with Bellmer to develop an innovative paper machine at its Sokol-based paper plant in Vologda. This state-of-the-art machine is expected to become operational by 2023, marking a significant milestone in enhancing the plant's production capabilities and efficiency. This strategic partnership underscores the commitment to advancing the paper manufacturing industry and meeting the evolving demands of the market with cutting-edge technology.
- In January 2020, Oji Holding Corporation initiated a significant business expansion by partnering with the Nestle Group. Nestle's decision to transition from plastic to paper packaging for its products positions Oji Holding as its primary packaging provider. This strategic move is anticipated to boost Oji Holding's revenue in the near future, capitalizing on the increasing global shift toward sustainable and eco-friendly packaging solutions, aligning with both companies' commitment to environmental responsibility and customer preferences.
- In January 2020, WestRock Company achieved recognition as one of the world's most admired companies, according to FORTUNE magazine, marking its fifth consecutive year receiving this prestigious accolade. This esteemed acknowledgment is expected to enhance the company's goodwill and reputation significantly. It underscores WestRock's consistent commitment to excellence and sustainable business practices, strengthening its position as a respected industry leader and reinforcing its stakeholders' and customers' trust and confidence.
Regional Analysis
Geographically, the countries covered in the Europe kraft paper market report are Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe.
As per Data Bridge Market Research analysis:
Germany is the dominant region in Europe kraft paper market during the forecast period 2023-2030
Germany's dominance in the European kraft paper market can be attributed to the country's surge in online food ordering. The increasing working population in developed and developing European nations has increased the demand for packaged food and beverages. kraft paper, renowned for its flexibility and durability, is crucial in meeting this demand, particularly for food packaging. As a result, Germany's market share in kraft paper is propelled by these factors, emphasizing the country's importance in the industry.
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