Home > Packaging > Packaging Materials > Paper and Cardboard Packaging > Kraftliner Market
Kraftliner Market was valued at around USD 41.20 billion in 2023 and is anticipated to grow at a CAGR of 5.3% between 2024 and 2032. The rapid expansion of e-commerce drives the demand for kraftliner packaging materials to ensure safe shipping and delivery of products. As environmental concerns grow, companies are seeking eco-friendly packaging options like kraftliner, which is biodegradable and recyclable.
Consumers are increasingly conscious of sustainable practices and may prefer products packaged in materials like kraftliner. The food and beverage industry requires high-quality packaging that is safe for direct food contact, making kraftliner a suitable option.
Report Attribute | Details |
---|---|
Base Year: | 2023 |
Kraftliner Market Size in 2023: | USD 41.2 Billion |
Forecast Period: | 2024 to 2032 |
Forecast Period 2024 to 2032 CAGR: | 5.3% |
2032 Value Projection: | USD 65.5 Billion |
Historical Data for: | 2018 to 2023 |
No. of Pages: | 200 |
Tables, Charts & Figures: | 246 |
Segments covered: | Product Type, Basis Weight, End-use, Distribution Channel, Region |
Growth Drivers: |
|
Pitfalls & Challenges: |
|
The production of kraftliner requires wood fiber and energy, raising concerns about deforestation, habitat destruction, and carbon emissions. The emergence of alternative packaging materials, including bioplastics and other eco-friendly options, poses competition to kraftliner. Variability in wood fiber prices can impact the overall cost of producing kraftliner, affecting profitability and pricing strategies. Thus, the risks associated with Kraftliner may drive down the acceptance rate, further hampering the business growth.
Demand for kraftliner experienced fluctuations due to changes in consumer spending patterns and shifts in preferences towards packaged goods. The closure of brick-and-mortar stores led to an increase in online shopping, driving demand for packaging materials, including kraftliner, for e-commerce shipments. Thus, the reduced number of COVID-19 cases and implementation of subsequent strategies by government and non-government organizations is anticipated to drive the business expansion in the upcoming years.
Growing emphasis on sustainability drives demand for kraftliner, known for its recyclability, biodegradability, and renewable source (wood fiber). The rise of online shopping fuels demand for kraftliner as it provides reliable and durable packaging solutions for e-commerce shipments. Consumers prefer minimalistic and eco-friendly packaging designs, aligning with the natural appearance of kraftliner.
Based on product type, the kraftliner market is segmented as bleached and unbleached. Bleached held a majority market value of USD 22.4 billion in 2022. Bleached kraftliner offers a clean and bright appearance, making it suitable for packaging where visual aesthetics are crucial. Its visual appeal positions it well for applications requiring a premium and sophisticated look.
Based on basis weight, the kraftliner market is segmented as Up to 250 GSM, 250 to 400 GSM, above 400 GSM. Up to 250 GSM held a dominant market share of around 42% in 2022 and is expected to grow at a lucrative pace through 2032. Low basis weight kraftliner is preferred for lightweight packaging to minimize overall package weight.
Based on application, the kraftliner market is segmented as food & beverage, electrical & electronics, healthcare, automotive & allied industries, chemicals & fertilizers, others. Food & beverages held a dominant market share in 2022 and is anticipated to grow at 5.2% CAGR till 2032. Kraftliner is used for packaging food products due to its ability to maintain product freshness and protect against external factors. Thus, the high-quality services and growing usage of Kraftliner at food centres are anticipated to expedite the business statistics.
Based on application, the kraftliner market is segmented as packaging industry, wholesale distribution, others. Packaging Industry held a dominant market share in 2022 and is anticipated to grow significantly up to 2032. Kraftliner packaging is suitable for palletized distribution, ensuring products remain protected during warehousing and transit. Kraftliner packaging aids in efficient storage and handling within distribution centers.
U.S. dominated the North American region with majority market share and a revenue of USD 8.1 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032. The increasing trend of online shopping drives the need for kraftliner packaging that provides protection for goods during shipping.
Some of the major business players operating in the Kraftliner market are
These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
Kraftliner market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Billion & Units from 2018 to 2032, for the following segments:
Click here to Buy Section of this Report
By Product Type
By Basis Weight
By End-use
By Distribution Channel
The above information is provided for the following regions and countries: