Global Kraft Liner Market Worth USD 71.31 Billion By 2030 | CAGR of 6.95%

Introduction

The Global Kraft Liner Market was valued at USD 38.95 billion in 2021 and is predicted to reach at USD 71.31 billion by 2030, increasing at a CAGR of 6.95% from 2022 to 2030. Kraft Liner, a paperboard or paper, includes 80% virgin pulp. Long kraft pulp fibers provide paper its tensile strength, whether bleached or unbleached. Because of their strength and moisture resistance, Kraft Liners are utilized as the outer layer of solid or corrugated paperboard boxes. Kraft Liners are used to wrap, bundle, and cover gaps during packing.

Kraft liner is a common plastic substitute. This two-ply product is made using softwood top ply and recycled base ply. Kraft lining is robust and easy to print on.Kraft liners are becoming more popular because to the rise of e-commerce worldwide. As industrial operations develop globally, kraft liners will be needed.Smaller companies can't compete since integrating with multinationals is cheaper. Distributors and retailers in the value chain affect the overall price model.

Market Dynamics

Global Kraft Liner Market:DRIVERS

• Eco-Friendly And Plastic-Free Products Are in Demand

Food and retail industries' demand for plastic-free packaging will drive the kraft liner industry. Paper and paperboard may replace plastic as the preferred packaging material due to its environmental impact. Kraft liner and test liner solutions may become more popular in the next years. Single-use plastics are banned globally. This will likely lead major brands and companies to abandon plastic packaging.

Mobile devices and the internet are boosting online shopping worldwide. Higher incomes and more internet users will propel e-commerce growth in the coming years. Printing and packaging solutions for corrugated fibre board designs that can convey commodities via complex distribution networks will be in demand.

• Food And Drink Application Boosts Demand

The food industry has around half of the global kraft liner market. e-Commerce is expected to have the largest value growth throughout the forecast year. Non-alcoholic beverage manufacturers are expected to increase their demand for kraft liner solutions.

Food and pharmaceutical industries drive consumer packaged goods growth in China and India. Portable and practical packaging is popular. Food bags, yoghurt pot banderols, tea envelopes, cigarette liners, and soft packs are made from lightweight packing paper. Lightweight packaging with kraft lining will boost the market.

In recent years, plastic use has become unpopular worldwide. Demand for kraft liners has increased. The situation will likely continue to unfold. This will impact the kraft liner business in the future.

Global Kraft Liner Market:KEY FUTURE OPPORTUNITIES

• E-Growth Rapid's Will Create New Business Opportunities

Smartphones and the Internet have made Internet commerce widespread. The India Brand Equity Foundation predicts that by 2034, India's e-commerce sector would surpass the U.S. market to become the second largest in the world. By 2026, e-commerce might be worth $200 billion. Rising revenues and internet use might help India's e-commerce business reach $150 billion by 2022.

This will raise demand for printing and packaging solutions, especially corrugated fibre board shapes that can move goods through complex distribution paths. This shows an interest in innovative, lightweight, or both packaging alternatives. This is congruent with integrated marketing, with packaging serving as a social media gateway. This will create new opportunities, which will boost the Kraft Liner Market.

Regional Overview of Global Kraft Liner Market

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa make up the Global Kraft Liner Market.

Asia-Pacific accounted for 65% of overall revenue in 2021. A large number of producers and an end-use packaging sector led to the product's demand in Asia-Pacific, which reached USD 24.40 billion in 2021.

The Asia-Pacific region's growth is tied to the increasing rate of industrialization and commodity production in developing countries like China, Vietnam, India, and others. E-commerce and manufacturing expansion in this region should boost the market.

Due to an increase in import and export transactions, the Middle East and Africa area is expected to have the highest CAGR of 7.7% over the projected year. Because the market isn't saturated, there's room for business growth.

North America dominated the market in 2021. The packaging industry is old. The presence of several industrial companies and the region's growing e-commerce sector could maintain demand for corrugated packaging stable in the next years.

Key Highlights

• The Global Kraft Liner Market was valued at USD 38.95 billion in 2021 and is predicted to reach at USD 71.31 billion by 2030, increasing at a CAGR of 6.95% from 2022 to 2030.
• By Product, the Global Kraft Liner Market is segmented into GSM<80, GSM 80 To 160, and GSM>160. In 2021, the GSM 80 to 160 product segment was the most profitable and led the market.
• By Region, the Global Kraft Liner Market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2021, the Asia Pacific area accounted for about 65 percent of global revenue.

Competitive Players

Major Players in Global Kraft Liner Market

List of major competitor companies in the Kraft Liner Market across the globe are:

1. m.b.H
2. Astron Paper & Board Mill
3. Smurfit Kappa Group Plc
4. Hazel Mercantile Limited
5. WestRock Company
6. DS Smith Plc
7. International Paper Company
8. Klabin SA
9. Lee & Man Paper Manufacturing Ltd.
10. Packaging Corporation of America
11. Georgia-Pacific Llc.
12. Eagle Paper International, Inc.
13. Mondi Group
14. Nine Dragons Paper (Holdings) Limited
15. Thai Paper Mill Company Limited

Recent Developments

Recent Developments

• May 2022 - Smurfit Kappa created a water-resistant paper. AquaStopTM is part of Smurfit Kappa's new TechniPaper® portfolio of high-performance sheets for complicated supply chains. Water-resistant AquaStopTM paper is made with a unique coating. This coating doesn't affect the product's recyclability; it may be recycled like conventional paper packaging.

• January 2022 -Quintana Roo is a state in Mexico that is located on the Yucatan Peninsula. In collaboration with WestRock and Grupo Gondi, Grupo Modelo is investing around four million dollars in the environmentally friendly and fiber-based CanCollar® Eco solution in this state. Through this agreement, the beer firm hopes to eliminate its reliance on plastic rings in Mexico, which will help it get closer to achieving its environmental goals.

Segmentation

Global Kraft Liner Market: Segmentation

BY PRODUCT

• GSM<80
• GSM 80 To 160
• GSM>160

BY GEOGRAPHY

• North America
• Europe
• Asia Pacific (APAC)
• Latin America
• Middle East and Africa (MEA)