Mondi, International Paper, and Westrock Company have Dominated the UAE Kraft Paper Market in 2020

UAE Kraft Paper is expected to grow with a CAGR of 3.8% in the forecast period of 2021 to 2028. The years considered for the study are as mentioned below.

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UAE Kraft paper market is a highly consolidated market, which includes a specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favorable market scenarios.

The major players dealing in the UAE kraft paper market are introducing a strong range of product portfolios. This helped companies to maximize sales with an enhanced product portfolio. For instance, in June 2014, Mondi announced the acquisition of the industrial bags and kraft paper business of Graphic Packaging International, Inc. in the U.S. The company intends to expand its operations and global footprint with this acquisition.

Mondi is the dominating player in UAE kraft paper market. The other key players existing in the market include International Paper, WestRock Company, MEPCO, Union Paper Mills, Gulf Paper Manufacturing Company, ASFR Paper & Board FZE, Arabian Kraft Paper, KALPATARU PAPERS LLP, Asia Pulp & Paper (APP), Sinar Mas. and R.A.Kraft paper Pvt. Ltd.

Mondi

Mondi was founded in 1967 and is headquartered in Addleton, U.K. The company is one of the leading manufacturers of sustainable and innovative packaging solutions and paper bags. The company offers flexible packaging, bags and pouches, personal care components, release liners, technical films, corrugated solutions, industrial bags, barrier coatings, speciality kraft paper, sack kraft paper, containerboard, office and professional printing papers where the market-focused product is specialty kraft paper, sack kraft paper, and containerboard.

The company has a wide global presence in Asia- Pacific, North America, South America, Europe, Middle East, and Africa.

• In June 2014, Mondi announced the acquisition of the industrial bags and kraft paper bFor instance,usiness of Graphic Packaging International, Inc. in the U.S. The company intends to expand its operations and global footprint with this acquisition

 International Paper

International Paper. founded in 1941 and is headquartered in Tennessee, U.S.. The company focuses on the manufacture of pulp and paper used in packaging, communication and manufacture of personal hygiene goods. The company offers various products such as cellulose fibers, corrugated packaging, coated paperboard, papers and recycled containerboards and coated paperboards, and papers is market focused segment.

The company has wide global presence in North America, South America, Europe, Asia-Pacific, Middle East and Africa.

For instance,

• In June 2016, International Paper announced the acquisition of Holmen’s Madrid, Spain paper mill along with its recycling operations (CARPA) and a 50-percent ownership interest in a cogeneration joint venture, following regulatory approvals. The company intended to expand its corrugated boxes business in Europe, and Middle East and Africa (EMEA) region with this acquisition

WestRock Company

WestRock Company founded in 2015 and is headquartered in Georgia, U.S. The company focuses on the manufacture and sales of paper and packaging products and is considered as one of the top manufacturer of the respective products. The company offers various products such as corrugated solutions, consumer packaging solutions, machinery solutions and paper solutions and paper solutions is market focused segment.

The company has wide global presence in North America, Asia-Pacific, Europe, South America, Middle East and Africa.  

For instance,

• In January 2020, WestRock Company was named as one among the most admired companies in the world by FORTUNE magazine. The company has been winning the award for the past five consecutive ears. The company expects the award to improve its goodwill and reputation