Global Kraft Paper Market - 2019-2026
|牛皮紙的全球市場:2019-2026年 Global Kraft Paper Market - 2019-2026|
|出版日期: 2020年07月18日||內容資訊: 英文||
Kraft paper is produced by the mechanical pulping process which is extracted from wood. Thus the paper produced through acidic sulfite process to produce high wear resistance and high strength kraft paper which is used in the packaging industry. The kraft paper is bleached to strengthen its quality, resistance to yellowing and whiteness. Thus various chemicals are being added while making kraft paper to provide the paper wet strength. Due to environmental concern various recyclable and degradable papers are being produced around the globe to fill the variety of applications including in food packaging, paper industry, cosmetics, pharmaceuticals, electronics and electrical sector. The global Kraft Paper market valued USD XX million in 2018 and it is expected to grow at a CAGR of XX% to reach USD XX million by 2026.
The market is driven by the rising demand for kraft paper in the packaging and paper industry for the purpose of food packaging, and in the education sector due to surge in the population. According to the Environmental Paper Network Organization in 2014, global paper consumption has been increasing steadily at the rate of 400 million tonnes per year. Thus kraft paper has been increased demand around the globe for packaging in various industry verticals including food and beverages, paper, cosmetics, electrical & electronics, and paperboard manufacturing.
There is a rise in the adoption of new innovative technology for the marketing and sale of kraft paper products like pouches, sack bags, and corrugated boxes may create huge opportunity for this market during the forecast period. For instance, on 6th Feb 2020, Mondi leading kraft paper manufacturer had launched mobile application for accessing the sack kraft paper information on the app. Thus the 'Go2Sack' app can provide real time calculations and information for the paper and sack kraft industry.
The global kraft paper market is segmented based on by grade type, application, end user, and region.
In terms of grade type the global kraft paper market is bifurcated into wrapping & packaging, bleached, unbleached and sack kraft paper. Among this wrapping & packaging segment has the highest share during the forecast period. This is primarily owing to surge in the global demand for the wrapping and packaging of the food, electrical and electronics devices and many others owing to surge in the global spending. As per the Plastic Industry Organization, in around 75 percent countries the household net worth was valued around USD 81.5 trillion around the globe.
Similarly, bleached, unbleached and sack kraft segment also increasing at fastest pace owing to surge in the adoption of kraft paper with by the people around the globe for various purposes including for packaging, educational purpose.
Further, the market is also classified based on the application as pouches, corrugated box, grocery & industrial bags and envelopes. Among this grocery & industrial bags segment has the highest market share in 2019 as surge in the utilization of kraft paper by the packaging industry. As per the Brian McCarthy Knowledge Transfer Network Organization, the global sale has been approached to around Euro 300 billion.
Similarly, corrugated box and envelopes are also growing at faster pace owing to increase in the global demand for packaging with paper owing to surge in eco-friendly and newly launched packaging. For instance on 23rd Jan 2020, BillerudKorsnas Company had been launched top kraft liner with a high strength white for the corrugated industry.
Depending on the end-user, the global kraft paper market is classified as paper packaging, cosmetics & personal care, food & beverages, building & construction, electronics & electrical pharmaceutical and others. Among this, food & beverages segment has the highest market share in 2019, owing to increasing the packaged food demand with surge in the global population.
Similarly paper packaging, cosmetics & personal care, building & construction, electronics & electrical and pharmaceutical segments are also growing at faster pace owing to surge in the overall demand for paperboard manufacturing. As per the Farm Energy Extension Organization in the United States, annual revenue of the 250 Companies paper, pulp, and paperboard manufacturing industry has been registered to around USD 80 billion in 2014.
By region, the global kraft paper market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, North America dominated the global kraft paper market and expected to grow at the highest CAGR during the forecasted period due to presence of consumption of white & kraft paper adoption followed by Europe region. According to Environmental Paper Network Organization in 2018, North America has highest paper utilization with more than 215 Kg per person.
Asia Pacific is the growing at faster pace with registering more than half of world's consumption of paper has been occurred in China, the USA and Japan as per Environmental Paper Network Organization. Furthermore the kraft paper has the highest consumption for the packaging industry. As per the Food and Agriculture Organization (FAO) in 2015, the developing countries in the Asia Pacific and Africa region, the packaging industry was valued at around USD 15.4 billion. Furthermore, as per the Environmental Paper Network Organization, the paper consumption in China, Japan, USA and Europe was registered at around 106 million tonnes, 27 million tonnes, 71 Million tonnes and 92 million tonnes respectively.
The global Kraft Paper market is highly competitive with the presence of several international and local markets. Grade diversification, revenue generation, and opportunities intensify the market competition. International Paper, Billerudkorsnas AB, Smurfit Kappa Group Plc, Mondi Group, WestRock Company, Stora Enso, Canfor Corporation, Natron Hayat d.o.o. and Georgia Pacific LLC are the leading market players with significant market share.
Major players are increasing the production capacity for the kraft paper due to surge in the global demand with the help of advanced technology. For instance, on 9th Nov 2018 Canfor has been completed acquisition of Elliott Sawmilling Company Inc. which has added over 210 million board feet of production capacity.
Companies are entering into the collaborations, acquisitions, mergers, and licensing for increasing their market penetration. For instance, on 2nd November 2018, WestRock has been completed acquisition of KapStone Paper and Packaging Company for around USD 5 billion.