WestRock Company, International Paper and Verso Corporation are Dominating the North America Kraft Paper Market in 2019

North America Kraft Paper Market is expected to grow with the CAGR of 2.5% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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North America Kraft Paper Market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased various strategic developments owing to favourable market scenario.

The major players dealing in the North America kraft paper market are introducing strong range of product portfolio. This has helped the company to maximize the sales with enhanced product portfolio. For instance, in May 2019, WestRock Company captured UBS Printing Group, Inc. The company can easily expand their product in beauty & personal care, nutraceutical and media industries. This expansion has helped the company to increase its production capacity and is also able to increase their customer base.

WestRock Company is the dominating player in North America Kraft Paper Market. The other key players existing in the market includes Smurfit Kappa, International Paper, Mondi, CTI Paper USA - A CTI Paper Group Company, Primo Tedesco S.A., BILLERUDKORSNÄS AKTIEBOLAG, Canfor, Verso Corporation, Oji Holdings Corporation, Canadian Kraft Paper Ltd., Georgia-Pacific, Papertec, Inc., THE GRIFF NETWORK and COPAMEX.

North America Kraft Paper Market

WestRock Company

WestRock Company is headquartered in Georgia, U.S. The company is engaged in providing paper and packaging solutions for consumer and corrugated packaging markets. The company has three business segments corrugated packaging, consumer packaging, land and development from which the market focused segment is corrugated packaging. The company deals in various kinds of product categories such as automation, corrugated containers, containerboard, folding cartons, paperboard, specialty printing and packaging, displays, kraft paper, pulp, partitions & protective packaging, recycling , media and electronics, luxury, home & garden, e-commerce, commercial printing, beverage, beauty and personal care and tobacco and our market focused category is kraft paper.

For instance,

  • In May 2019, WestRock Company captured UBS Printing Group, Inc. it will help to expand capabilities of the beauty & personal care, nutraceutical and media industries. It will help the company to increase its product portfolio and meet the demand of the market.

The company has wide global presence across the globe such as in North America, South America, Europe and Asia-Pacific. Some of the subsidiaries of the company are KapStone Paper and Packaging Corporation (USA), Multi Packaging Solutions Acquisitions 1 Limited (United Kingdom), Multi Packaging Solutions Acquisitions 2 Limited (United Kingdom), Multi Packaging Solutions Global Holdings Limited (United Kingdom), Multi Packaging Solutions Limited (United Kingdom) and others.

International Paper

International Paper is headquartered in Tennessee, U.S. and was founded in 1898. The company is engaged in the production of fibre based packaging solutions along with pulp & paper The company’s business segments are industrial packaging, global cellulose fibers and printing papers among which corrugated packaging, containerboard and papers are the market focused segments.

For instance,

  • In September 2017, International Paper invested USD 300 million for their new machine in Riverdale Mill in Selma, this investment will help international paper to produce 450,000 tons. It will help the company meet the demand of the market.

The company has wide global presence in North America, South America, Europe, Middle East & Africa and Asia-Pacific. In addition to it, the company also generates its revenue from the various subsidiary companies such as Temple-InLand (U.S.), Hammermill Paper Company (U.S.), Cartonajes Union S.L. (Spain), Weldwood of Canada, Ltd. (Canada), xpedx, LLC (U.S.) among others.

Verso Corporation

Verso Corporation is headquartered in Ohio, U.S. and it was established in the year 2006. The company is one of the leading producers of specialty and graphic papers, packaging and pulp. The company offers wide range of product categories such as graphic papers and specialty papers, among which specialty papers is the market focused category.

For instance,

  • In July 2015, Verso Corporation acquired NewPage Holdings Inc. which would help their customers to take benefits from the distinctive quality and services which the company is offering and would prove to be further beneficial for the company to increase their customer base.

The company has global presence in North America In addition to it, the company also generates its revenue from the various subsidiary companies such as Verso Paper Holdings LLC (U.S.), Chillicothe Paper Inc (U.S.), Verso Paper Finance Holdings Inc. (U.S.) and others.