Kraft Paper Market Demand Analysis, Future Industry Growth 2034

0
2KB

The global kraft paper market is on a robust growth trajectory, with revenue expected to reach US$ 16.8 billion in 2024. Industry experts predict a steady compound annual growth rate (CAGR) of 2.4% through 2034, with the market anticipated to achieve a valuation of US$ 21.2 billion by the end of the forecast period.

Key Trends

1. Rise of Fast-Food Restaurants and Hectic Consumer Lifestyles: The burgeoning fast-food sector, driven by increasingly busy consumer lifestyles, is significantly boosting the demand for brown paper packaging. Kraft paper is gaining favor as an ideal substitute for traditional food paper due to its chemical-free nature, which ensures that it does not alter the taste or quality of food.

2. Eco-Friendly eCommerce Packaging: The growing emphasis on sustainability is pushing eCommerce businesses to adopt eco-friendly kraft paper solutions. Kraft paper is lighter and reduces unnecessary overspray, making it a popular choice among e-commerce companies looking to demonstrate their commitment to environmental responsibility.

3. Innovation and Expansion Opportunities: The biodegradable and natural properties of kraft paper present exciting opportunities for innovation and expansion across various industries, including cosmetics, food and beverage, and eCommerce. Leading manufacturers are well-positioned to capitalize on these trends, driving market growth over the next decade.

4. Government Regulations and Environmental Awareness: Governments worldwide are implementing stricter regulations on single-use plastics and promoting awareness about sustainable and biodegradable paper solutions. These policies are encouraging food manufacturers to shift towards kraft paper packaging, further fueling market growth.

Key Takeaways from the Kraft Paper Market Report:

  • In the North America kraft paper market, the United States is predicted to expand at a CAGR of 2.2%, whereas Canada is anticipated to record a CAGR of 3.3% through 2034.
  • In Europe, the United Kingdom kraft paper market is anticipated to register a significant CAGR of 3.6% through 2034.
  • Within Asia Pacific, India, China, and Thailand, are expected to record CAGRs of 5.9%, 5.4%, and 4.8%, respectively, through 2034.
  • Based on end use, the food and beverages sector is projected to account for a market share of 26.7% in 2024.
  • Based on product type, the specialty kraft paper segment is estimated to acquire a value share of 82.5%.

Access Full Report: https://www.futuremarketinsights.com/reports/kraft-papers-market

Market Segmentation: 

Based on product type,

  • Specialty kraft paper
  • Sack kraft paper

Based on grades,

  • Bleached
  • Unbleached
  • Coated
  • Uncoated

Based on application, 

  • Corrugated boxes
  • Grocery & shopping bags
  • Multiwall sacks
  • Carryout bags
  • Others

Based on end use industry,

  • Food & beverages
  • Electronics
  • Construction
  • Cosmetics and personal care
  • Textile
  • Others

 

Commandité
Rechercher
Commandité
Catégories
Lire la suite
Autre
Osteomyelitis Market to grow at a CAGR of 6.7%, Segments, Size, Trends
The market analysis furnishes insights into the drivers and restraints affecting...
Par kirsten 2024-05-06 06:15:26 0 2KB
Autre
Why Your Canadian Business Needs Local SEO in 2025 - Acumen IT Services
As we move deeper into 2025, how consumers search for businesses continues to evolve, and local...
Par acumenitservicescanada 2025-04-23 09:52:57 0 1KB
Fitness
https://www.facebook.com/KetoX3BHBUltraOfficial/
Keto X3 BHB Ultra ❗❗❤️Shop Now❤️❗❗ https://topsupplementnewz.com/Order-KetoX3BHBUltra  ...
Par imkrystalcisneros 2025-01-09 20:32:37 0 2KB
Autre
How Many Kilometers Is Considered Good for a Second-Hand Bike?
If you're thinking of buying a second-hand bike, one of the first things you'll likely check is...
Par Nikhik 2025-06-12 10:33:00 0 1KB
Autre
Unlocking digital innovation with the unparalleled expertise of mobile app development company - DXB APPS
DXB APPS offers a wide range of services to fit any business need. Our solutions integrate...
Par dxbappsabudhabi 2024-11-26 14:00:37 0 2KB
Commandité
google-site-verification: google037b30823fc02426.html