North America Kraft Paper Market, By Product (Specialty, Sack), Grade Type (Bleached, Unbleached), Type (Virgin Natural, Natural Recycled, Black, Coloured, White or Bleached, Printed), Finish Type (Glazed, Finished), Weight (<30GSM, 30-90 GSM, 90-120 GSM, 120-200 GSM and >200 GSM), 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) – Industry Trends and Forecast to 2030.
North America Kraft Paper Market Analysis and Size
In the last few years, the popularity of paper-based packaging has developed owing to the implementation of modern concepts of packaging that prioritize shelf life, visual appeal and brand recognition. As a result of this, consumers are mainly looking for paper-based packaging. Furthermore, consumers are also shifting their choices toward environment-friendly packaging products such as kraft paper. Nowadays, kraft paper is one such product used for packaging various products because it has no negative effect on human health and environment. As a result, the demand for kraft paper surges in many end user industries, likely enhancing market growth.
Data Bridge Market Research analyses that the kraft paper market is expected to reach USD 5,662.87 million by 2030, which is USD 4.470.32 million in 2022, registering a CAGR of 3.00% during the forecast period of 2023 to 2030. 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.
North America Kraft Paper Market Scope and 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), Weight (<30GSM, 30-90 GSM, 90-120 GSM, 120-200 GSM and >200 GSM), 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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U.S., Canada and Mexico in North America
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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 (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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Market Opportunities
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Market Definition
Kraft paper are usually made up of pulp or recycling materials. Generally, chemicals are added in the production of kraft paper so their durability, thickness and strength can be enhanced while maintaining their lightweight abilities. Some of the common types of kraft paper are colored, white, bleached and black. These kraft papers are naturally recycled. They are extensively used in various applications such as bags and pouches, composite cans, sacks, envelopes, cartons among others.
North America Kraft Paper Market Dynamics
Drivers
- Rapid growth and expansion of the packaging industry
The rapidly growing packaging industry is expected to drive the growth of the kraft paper market during the forecast. The. kraft paper is used in commercial and industrial packaging operations such as wrapping and packing individual products, void filling and bundling because of its durability and strength. For instance, in 2021, as per the report by Packaging Digest, packaging was a trillion-dollar industry, with food packaging, industrial packaging, and beverage packaging contributing to the maximum sales. Thus, the rapid growth and expansion of the packaging industry is expected to drive the growth of the kraft paper market.
- Increasing demand of kraft paper in food and beverages industry
The food industry is a major end user of sack kraft paper as co pare to other end-user industries and is encouraged by the additional need of the food sector. It is realized that the packaged food industries shifted toward environmentally friendly packaging, which subsequently augmented the demand for the kraft paper. For instance, as per the analysis of Bureau of Labor Statistics, in 2021, U.S. household's average food at-home spending amounted to around USD 5,259. Transporting food products such as flour, sugar, processed or dried fruit, starch, food additives, eggs, or milk normally involves using kraft paper. All of these factors are growing the demand for the kraft paper and expected to enhance the market growth rate.
Opportunities
- Surging product launches by market players
The surging product launches and other innovations and advancements by major market players offer numerous growth opportunities in the kraft paper market. For instance, Naini Papers has introduced absorbent kraft paper for numerous applications in 2020 because it has various unique properties such as good dimensional stability, excellent formation and low MD/CD tensile ratio.
- Growing popularity of e-commerce sector
The growing popularity of e-commerce has led to the demand for the kraft packaging. It includes the demand for those kraft packaging which can take high-quality graphics on short print runs. Companies such as Mondi have kept up with such developments and introduced new products targeting packaging applications, such as shopping bags. Furthermore, market players initiated many innovations that have accelerated the production of kraft paper and enhanced product protection. Thus, increasing popularity of e-commerce will create lucrative opportunities for the market growth.
Restraints/ Challenges
- Multiple problems associated with kraft paper industry
Lack of awareness regarding the advantages of kraft paper in low-income nations is expected to restrain the growth of the market. Moreover, government initiatives and the digital revolution in underdeveloped nations are expected to impede the market expansion. During the forecast period, the kraft paper market is anticipated to face challenges related to access to affordable and high-quality raw materials for the manufacturing of kraft paper.
This kraft paper market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the kraft paper market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In 2021, Segezha Group started their partnership with Bellmer for the production of a novel paper machine at the paper plant which is based in Sokol (Vologda). This new-fangled machine is expected to come live by the year 2023.
- In 2022, Pregis which is a paper-based packaging material manufacturing company in the U.S. extended its paper-based packaging solutions named EasyPack portfolio with the introduction of GroTerra. GroTerra is an expandable and sustainable paper product that offers interleaving protection and light cushioning.
- In 2021, ProAmpac, acquired APC Paper for an undisclosed amount. With this acquisition, ProAmpac increases its paper manufacturing abilities and strengthens its position in the market. APC Paper is a US-based company specializing in manufacturing 100 percent recycled kraft paper products.
North America Kraft Paper Market Scope
The kraft paper market is segmented on the basis of products, grade type, type, finish type, weight packaging form and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Products
- Specialty
- Sack
Grade Type
- Bleached
- Unbleached
Type
- Virgin Natural
- Natural Recycled
- Black
- Coloured
- White or Bleached
- Printed
Finish Type
- Glazed
- Finished
Weight
- <30GSM
- 30-90 GSM
- 90-120 GSM
- 120-200 GSM
- >200 GSM
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
Kraft Paper Market Regional Analysis/Insights
The kraft paper market is analyzed and market size insights and trends are provided by country, products, grade type, type, finish type, weight, packaging form and end-user as referenced above.
The countries covered in the kraft paper market report are U.S., Canada and Mexico in North America.
U.S. dominates the North America kraft paper market in terms of market share owing to increasing demand for kraft paper in food and beverages industry. For instance, it has been expected that rise in internet penetration and increasing digitalization is helping the food joints to retail their products directly to their client in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Kraft Paper Market Share Analysis
The kraft paper market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to kraft paper market.
Some of the major players operating in the kraft paper market are:
- 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 (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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