Through growing awareness of the negative effects of plastic and other non-biodegradable product packaging solutions on the environment, consumers are rapidly shifting their preferences toward sustainable and compostable packaging. As a result, consumers are looking for packaging made of paper. The preferences and choices of consumers are shifting in favor of kraft paper and other environmentally friendly products. Kraft paper is one of those materials that is now used to package a wide range of goods because it doesn't harm the environment. As a result, kraft paper is increasingly in demand across a wide range of industries, which is probably boosting market expansion.
According to Data Bridge Market Research, the Kraft Paper Market is expected to reach USD 4,240.76 million by 2030, which is USD 3,245.48 million in 2022, registering a CAGR of 3.40% during the forecast period of 2023 to 2030
" Food and beverage industry surge market demand"
The food and beverage industry relies on Kraft paper packaging for a diverse range of products, including bakery goods, dry foods, fast food, and beverages. The industry's emphasis on sustainable and recyclable packaging has significantly increased the demand for Kraft paper. Its eco-friendly properties, such as being biodegradable and recyclable, align with the industry's goal to reduce environmental impact while maintaining product freshness and integrity.
What restraints the growth of the kraft paper market?
" Price volatility of raw materials can impede the market growth”
The price volatility of raw materials, particularly wood pulp, can pose challenges for the kraft paper market. Fluctuations in raw material prices can impact the production costs for manufacturers, affecting their overall profitability. The uncertainty in raw material costs makes it challenging to maintain stable and competitive pricing in the market. Kraft paper manufacturers must carefully monitor and manage their supply chains and production processes to mitigate the impact of price fluctuations and ensure profitability in a competitive market environment.
Segmentation: Europe Kraft Paper Market
The 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 kraft paper market is segmented into specialty, sack.
- On the basis of grade type, the kraft paper market is segmented into bleached, unbleached.
- On the basis of type, the kraft paper market is segmented into virgin natural, natural recycled, black, coloured, white or bleached, printed.
- On the basis of finish type, the kraft paper market is segmented into glazed, finished.
- On the basis of packaging form, the kraft paper market is segmented into bags and pouches, sacks, envelopes, corrugated sheets, composite cans, and cartons.
- On the basis of end-user, the kraft paper market is segmented into food and beverages, pharmaceutical, building and construction, cosmetic and personal care, electronics and electricals, and others.
Regional Insights: Germany dominates the Europe Kraft Paper Market
Germany holds the largest market share in Europe for kraft paper due to the country's expansion of online food ordering. The increase in the working population in Europe's developed and developing nations eventually drive up consumer demand for packaged foods and beverages. As a result of its flexibility and durability, kraft paper is frequently required for food packaging.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/europe-kraft-paper-market
Recent Developments in Europe Kraft Paper Market
- In 2021, Bellmer and Segezha Group have a contract for Bellmer to build a novel paper machine at the former's paper plant in Sokol, Vologda. By 2023, this cutting-edge device is expected to be operational.
The Prominent Key Players Operating in the Europe Kraft Paper Market Include:
- 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.)
Above are the key players covered in the report, to know about more and exhaustive list of Europe kraft paper market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Europe Kraft Paper Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by dbmr research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
