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International Paper Company is a leading global provider of paper and packaging solutions, headquartered in the U.S. Known for its extensive product range, including kraft paper, the company emphasizes sustainability and innovation. WestRock Company, also based in the U.S., offers diverse paper and packaging solutions, with a focus on kraft paper and sustainable practices. Smurfit Kappa Group, an Irish company, provides comprehensive paper-based packaging solutions, including kraft paper, and is recognized for its commitment to sustainability and innovative packaging.
Stora Enso, headquartered in Finland, is a major player in renewable solutions, focusing on sustainable practices across its kraft paper products. Sappi Limited, based in South Africa, is renowned for its high-quality paper products and sustainability efforts. Mondi Group, with its base in the UK, is a significant international player in packaging and paper, known for its commitment to innovation and sustainability in kraft paper production.
Major players operating in the kraft paper industry are:
The market size for kraft paper was valued at USD 16.57 billion in 2023 and is anticipated to register a CAGR of over 3.5% over 2024-2032, owing to the rising global emphasis on environmental sustainability, as kraft paper is biodegradable and recyclable.
In 2023, the unbleached kraft paper segment accounted for over 31% market share, as it is often used in applications requiring high tensile strength and resistance to tearing, making it ideal for industrial packaging, bag production, and as a protective layer in shipping.
Asia pacific kraft paper market held a major revenue share of over 36% in 2023 and is predicted to showcase impressive growth through 2032, due to rapidly growing industrial and e-commerce sectors, alongside high demand for sustainable packaging solutions.
International Paper Company, WestRock Company, Smurfit Kappa Group, Stora Enso, Sappi Limited, Mondi Group, and Asia Pulp & Paper (APP).