Kraft Paper Market: By Product Type (Bleached White, Unbleached, Sacked kraft, Natural Brown, Natural Recycled, Kraft Paper, Others), By Weight(<30 GSM, 30-90 GSM, 90-120 GSM, 120-200 GSM, >200 GSM), By Application (Corrugated Boxes, Industrial Bags, Grocery Bags, Envelops, Wrapping, Book Covers, Floor Protection Liners, Others), By End User (Manufacturing Industries, Buildings & Construction, Food & Beverages, Automotives, Others), and Geography  

Kraft Paper  Market size was valued at USD 16,142.8 million in 2021 and is expected to grow at a   CAGR of 3.2% from 2022-2028. Kraft Paper is a paperboard prepared from sulphate wood pulp used in kraft process. It is the best substitute for plastic packaging. In addition, the kraft paper boxes last longer and can be recycled. Eventually, the customers also prefer and choose to use composable and sustainable packing, which results in the highest utilization of eco-friendly products. Also, the increasing environmental probems, and increasing demand for kraft paper from the paper and packaging industries have proven as the best growing factor for the global kraft paper market Also, many companies are opting for printed kraft paper boxes instead of plastic to print their company logos on the boxes, and the recognition of, the importance of adoption of the environmental safety by the MNC’s are the factors leading to the market. Considering the environmental conditions even the government also started to support the use of paper bags instead of plastic bags, The increase in awareness of people for having a sustainable and eco-friendly environment results in the increasing demand for the kraft paper-based products. Apart from these, the corrugated boxes prepared from the kraft paper is also likely to increase the sales of the kraft paper products. However, some factors such as excessive cost of raw materials and few environmental concerns can restrain the growth of the market. The rapidly increasing packaging business in the North American regions and the growth of dry food markets, which includes packing like flour, sugar, rice and other fresh products are the growth factors for the global kraft paper market. Key Developments: In October 2022, Mondi group announced the €400 million investment in a new kraft paper machine at its flagship Å t?tí mill in the Czech Republic (a country in Europe).