Press Release

Jan, 04 2024

Optimizing Sustainability: Kraft Paper Market Thrives with Diverse Weight and Innovative Packaging Forms

The kraft paper market offers versatility with weight categories: <30GSM, 30-90 GSM, 90-120 GSM, 120-200 GSM, and >200 GSM, accommodating diverse packaging needs. Packaging forms include bags and pouches for convenience, sacks for bulk handling, Envelopes for documents, corrugated sheets for structural strength, composite cans for cylindrical packaging, and general-use cartons. This extensive range caters to retail and manufacturing industries, providing sustainable and adaptable solutions for packaging across a broad spectrum of products.

Access Full Report @ https://www.databridgemarketresearch.com/reports/north-america-paper-kraft-market

Data Bridge Market Research analyses that the North America 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% from 2023 to 2030. Consumer demand for sustainable and natural products propels the kraft paper market, as eco-conscious choices drive the preference for kraft paper packaging. The market thrives on meeting the evolving environmental expectations of consumers across various industries.

Key Findings of the Study

North America Kraft Paper Market

Regulatory compliance is expected to drive the market's growth rate

Regulatory frameworks favoring sustainability are pivotal in propelling the kraft paper market. As environmental concerns intensify, regulations encourage businesses to adopt eco-friendly practices, boosting the demand for Kraft Paper packaging solutions. Compliance with these standards aligns with corporate responsibility and positions Kraft Paper as a strategic choice, driving its widespread adoption across industries committed to meeting stringent sustainability criteria.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

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)

Countries Covered

U.S., Canada, and Mexico in North America.

Market Players Covered

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.)

Data Points Covered in the Report

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.

Segment Analysis:

The North America kraft paper market is segmented on the basis of products, grade type, type, finish type, weight, packaging form, and end-user.

  • On the basis of products, the North America kraft paper market is segmented into specialty, and sack
  • On the basis of grade type, the North America kraft paper market is segmented into bleached, and unbleached
  • On the basis of type, the North America kraft paper market is segmented into virgin natural, natural recycled, black, coloured, white or bleached, and printed
  • On the basis of finish type, the North America kraft paper market is segmented into glazed, and finished
  • On the basis of weight, the North America kraft paper market is segmented into <30GSM, 30-90 GSM, 90-120 GSM, 120-200 GSM, and >200 GSM
  • On the basis of packaging form, the North America kraft paper market is segmented into (bags and pouches, sacks, envelopes, corrugated sheets, composite cans, and cartons
  • On the basis of end-user, the North America 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 North America kraft paper market players in North America 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.).

North America Kraft Paper Market

Market Developments

  • In 2022, U.S.-based paper packaging manufacturer Pregis expanded its EasyPack portfolio by launching GroTerra, an innovative and sustainable paper product. GroTerra provides interleaving protection and light cushioning, showcasing Pregis' commitment to eco-friendly packaging solutions in response to the increasing demand for sustainable materials in the packaging industry
  • In 2022, Mondi approved a significant EUR 400 million investment in a new paper machine at its Štětí mill, Czech Republic. Geared towards meeting the growing demand for paper-based flexible packaging, particularly in e-commerce, this strategic move expands Mondi's eco-friendly packaging solutions, emphasizing a commitment to sustainability and a vertically integrated value chain
  • In 2022, BillerudKorsnäs introduced a sustainable innovation by launching sack paper with no plastic film. The performance white barrier, featuring a coating that substitutes the traditional plastic film, maintains shelf-life expectancy and performance factors. This eco-friendly alternative aligns with BillerudKorsnäs' commitment to reducing environmental impact in the packaging industry
  • In 2021, ProAmpac acquired APC Paper, a U.S.-based company specializing in 100 percent recycled kraft paper products, for an undisclosed amount. This strategic move enhances ProAmpac's paper manufacturing capabilities, reinforcing its market position and emphasizing a commitment to sustainable practices in response to the growing demand for eco-friendly packaging solutions
  • In 2021, Segezha Group initiated a partnership with Bellmer for a groundbreaking paper machine at their Sokol-based plant in Vologda. Anticipated to be operational by 2023, this innovative machine represents a strategic partnership aimed at enhancing Segezha Group's paper production capabilities and introducing advanced technology to their manufacturing processes

Regional Analysis

Geographically, the countries covered in the North America kraft paper market report are U.S., Canada and Mexico in North America.

As per Data Bridge Market Research analysis:

U.S. is the dominating in the North America kraft paper market during the forecast period 2023-2030

The U.S. dominates the North America kraft paper market, driven by heightened food and beverage demand. The Internet penetration and digitalization surge have facilitated direct product retailing for regional food joints. This trend aligns with the growing preference for eco-friendly packaging, as kraft paper is favored for its sustainability. The U.S. market dominance reflects the pivotal role of kraft paper in packaging solutions amid evolving consumer and industry preferences.

For more detailed information about the North America kraft paper market report, click here – https://www.databridgemarketresearch.com/reports/north-america-paper-kraft-market


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