White Kraft Paper Market: An Overview
Manufactured from virgin wood pulp, kraft paper is processed/bleached to make white kraft paper. This paper is mainly used for the manufacturing of packaging product such as bags, pouches, envelops, and cartons. White kraft paper market is dynamic, due to the rise in constant development in the packaging industry. Packaging industry widely uses white kraft paper for a variety of applications, which can meet the customer need for flexibility, barrier protection, and strength. Increase in demand for eco-friendly and bio-degradable packaging creates an excellent opportunity for kraft paper manufacturers. Thus, white kraft paper is recyclable and can be easily recovered by the pulp processor to convert it into recycled pulp. Also, white kraft paper turnout as a cost-efficient and highly functional in industrial application for manufacturing of heavy-duty corrugated boxes and bags. There is also rise in demand for specialty packaging made from white kraft paper. White kraft paper is used by printing and publication industry for the printing of magazine, newspaper, pamphlets, and brochures. The white kraft paper market has witnessed a hike in demand in the recent year. It is due to government regulation towards plastic packaging and development in the e-commerce industry. The manufactures of white kraft paper are focusing on quality by improving the printability, and appearance of the white kraft paper. It is due to intensive competition between the leading manufacturers of kraft paper. The white kraft paper with improved mechanical and chemical purity will open up a new opportunity for the white craft paper market.
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White Kraft Paper Market: Dynamics
The Eco-friendly packing industry primarily influences the demand for white kraft paper, globally. The growing e-commerce industry is expected to drive the global market for white kraft paper worldwide. The increasing attention towards the environment and the adverse effects of plastic. It is expected to drive the white kraft paper, due to the stringent government regulation towards the use of plastic for packaging. The extensive use of the heavy-duty corrugate box, bags, pouches, and sacks are expected to drive the white kraft paper market during the forecast period. The leading players of white kraft paper are focusing on enhancing production capacity as well as have a robust consumer engagement program to ensure their sustainability in the market. Growth in demand for magazines and newspaper from the customers is expected to ensure a positive outlook towards white kraft paper market. White kraft paper with high printability, which is used for printing of labels and tags is also expected to drive the kraft paper market. Therefore these are all the factor influencing the demand for white kraft paper pulp during the forecast period. The decrease in the supply of raw material for kraft pulping process in some county is expected to affect the market demand-supply and restraint the white kraft paper market in the forecast period. The pulp manufacturer is facing the problem of rising in price and shortage of agriculture land.
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White Kraft Paper Market: Segmentation
The global white kraft paper market is segmented as follows –
By Paper Grade Type, the global white kraft paper market is segmented into –
- Machine Glazed (MG)
- Smooth Finished (SF)
- Machine Finished (MF)
- Clay Coated Kraft (CCK)
By Application Type, the global white kraft paper market is segmented into –
- Magazines and Newspaper
- Bags & Pouches
- Corrugated Sheets
- Labels and Tags
By End Use, the global white kraft paper market is segmented into –
- Printing Press
- Cosmetics & Personal Care
- Food & Beverages
- Building & Construction
- Electronics & Electricals
White Kraft Paper Market: Regional Outlook
The Asia Pacific is expected to witness an attractive growth towards white kraft paper during the forecast period. It is due to an increase in demand for the e-commerce industry in emerging economies such as India and China in the Asia Pacific Region. The growing attention towards the effects of plastic packaging in the Asia Pacific is expected to create an opportunity for white kraft paper. North America white kraft Paper Market is likely to expand at a healthy CAGR during the forecast period. Owing to the increase in development and innovation in the packaging industry with a sustainable and disposable product.
Recent Developments in White Kraft Paper Market
- In December 2017, Mondi Group acquired Powerflute Group Holdings Oy. This acquisition will help the Mondi group to Increase its production capacity of paper and pulp in Finland.
White Kraft Paper Market: Key Players
Some of the leading players operating in the global white kraft paper market are as follows –
- Mondi Group Plc
- Gordon Paper Company, Inc.
- BillerudKorsnäs AB
- International Paper Company
- Stora Enso AB
- Smurfit Kappa Group Plc
- WestRock CP, LLC
- Georgia Pacific LLC
- Oren International Inc
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