Kraftliner Market Predicted to Hold High Potential for Growth by 2027

 

According to a recently released report by Future Market Insights (Pune, India), Kraftliner has gained strong market traction in the past few years to the increase in the consumption of the corrugated packaging, particularly in the e-commerce and retail ready industry. The e-commerce industry has grown like anything in the past five years which has tremendously increased the demand for corrugated packaging products. As the demand for corrugated packaging products continues to increase, the demand for Kraftliner will also increase simultaneously.

Recent increase in the prices of the brown and white Kraftliner indicates that the demand is increasing at a faster pace with an expected CAGR of more than 3%. The main drivers of the Kraftliner market is the high-growth in the e-commerce, retail-ready, food & beverages, and consumer goods industry, primarily in the developing countries such as India, China, Brazil, etc. The latest trend observed in the Kraftliner market is the strong focus on the development of new innovative products which are lighter in weight and offer high strength characteristics. For eg. – BillerudKorsnas AB, a Sweden-based manufacturer of paper and packaging products, offers high strength and lightweight Kraftliner which is a result of years of research and development activities of the company on renewable, recyclable and biodegradable packaging material.

On the basis of region, the Kraftliner market is segmented into seven regions which include North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific, Middle East & Africa, and Japan. The Asia-Pacific region dominates the Kraftliner market, in terms of consumption, over the forecast period. Also, the demand will increase substantially in the next few years due to the high-growth in the e-commerce and consumer goods industry.

Emerging economies such as India and China may create enormous opportunities in the Asia-Pacific Kraftliner market. However, North America and Europe also represent high demand for the Kraftliner due to increasing preference for sustainable packaging solutions and high growth in the e-commerce industry. Some of the major economies such as Germany, France, and the U.S. will grow but at a slightly lower growth rate when compared to other developing countries. The Latin America, Japan, and MEA region also offer untapped growth potential in the global Kraftliner market, over the forecast years.

Some of the key players in the Kraftliner market are Metsä Board Oyj, Kraft Liner S.A., Stora Enso Oyj, Guangzhou KIKA Paper Industry Co., Ltd, Svenska Cellulosa AB SCA, Mondi Group Plc, BillerudKorsnas AB, PAPELERA CARBÓ S.A., DS Smith Plc, NIPPON PAPER INDUSTRIES CO., LTD., KapStone Paper and Packaging Corporation, WestRock Company, Oji Fibre Solutions (NZ) Ltd., International Paper Company, U.S. Pulp & Paper, Inc., and Georgia-Pacific LLC.

More information can be found by reviewing the Table of Contents online.