ALBANY, New York, May 28, 2020 /PRNewswire/ -- The demand within the global saturating kraft paper market is increasing at a noticeable speed. The growth of this market can primarily be pegged to advancements in the packaging industry. A number of people have picked attractive and durable packaging as a contributor to their purchase decisions. Therefore, there is an onus upon the packaging industry to continually upgrade its standards of manufacturing. In addition to this, several industries are focusing on their independent research lines to develop novel packaging solutions. The need for customization across various industries has compelled decision makers to craft out their own packaging standards. Custom designs and precisely moulded packaging carts are now used across a range of industries. In light of the factors stated herein, it is legit to expect that the global saturating kraft paper market would grow by leaps and bounds in the years to follow.
The physical properties of saturating paper kraft has played an important role in popularising it across the packaging sector. The high resistance of the material to shock has played an integral role in market growth. Several packaging units complain of the unavailability of thick paper that can be layered across packaging boxes. Therefore, packaging units have resorted to the use of saturating kraft paper that is easily available and offer premium benefits over normal paper sheets. The quest of the packaging sector to strengthen bundling and wrapping of packages has created stupendous opportunities for growth within the global saturating kraft paper market.
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Need for Bundling and Void-Filling
Packaging of a product is a rigorous process that ideally goes through several stages before loading the package for delivery. The level testing and scrutiny of a package depends on the type of product carried by the carton or box. High-quality boxes usually pass all testing criteria, and are deemed fit for delivery. Use of saturating kraft paper has hugely contributed towards enhancing the quality of packages.
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It is estimated that the global saturating kraft paper market would accumulate revenues worth US$ 2 Bn by the end of 2027, growing by 1.4 times its value in 2020. The increase in value for this market can be associated with the need for stronger and more durable packaging across a range of industries. It is legit to expect that fresh investments could further improve the revenue index of the market in the years to follow.
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Global Saturating Kraft Paper Market: Growth Drivers
- Advancements in the e-commerce sector have led manufacturers to rely on robust supply chains of hosting platforms. Several products can be safety delivered through these channels.
- The electronics industry lays umpteen focus on robust packaging. The need to protect electronic devices from external shock or damage has given an impetus to the use of saturating kraft paper.
- Use of saturating kraft paper also stems into residential applications such as shelving, flooring, and partitioning.
- The growth of recycling across the packaging sector shall help in driving demand within the market.
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Global Saturated Kraft Paper Market: Key Companies
- Ahlstrom-Munksjö Oyj
- Onyx Specialty Papers, Inc
- Suyash Paper Mills Limited
- Shanghai Plastech Group Limited
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Global Saturating Kraft Paper Market Segmentation
Saturating Kraft Paper Market by Basis Weight
- Less than 50 GSM
- 50 to 100 GSM
- 100 to 200 GSM
- More than 200 GSM
Saturating Kraft Paper Market by Paper Grade
Saturating Kraft Paper Market by Application
- Others (Panels, Cabinetry, etc.)
Saturating Kraft Paper Market by End-Use
Saturating Kraft Paper Market by Region
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
Explore Transparency Market Research's award-winning coverage of the Global Packaging Industry:
Flexible Packaging Paper Market – The flexible packaging paper market is witnessing a transition from recyclable plastic to recyclable paper packaging. The consumer demand for more natural and sustainable food has triggered the demand for sustainable flexible packaging paper. As such, flexible packaging paper is acquiring prominence in food packaging and tea bag overpacks, among others. Thus, increase in applicability of the novel paper is boosting market growth.
Kraft Paper Market – The demand for customization is increasing due to growing consumer bargaining power and improving technical specification qualities. Specialty Kraft Paper basically includes two types of paper: machine glazed and machine finished Kraft Paper. Machine glazed papers are used for packaging of end use based products, which has high consumer appeal. Machine glazed paper applications ranges from consumer goods to fat-resistant papers, fast food markets, barrier paper for butter & other dairy packaging among others.
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Sack Kraft Paper Market – The growing adoption of sustainable packaging with biodegradable and eco-friendly materials has triggered a huge demand for sack kraft paper in recent times. The demand for this type of paper is expected soar in the coming years as this material shows strength equal to synthetic or plastic materials. The global sack kraft paper is expected to be worth US$10.5 bn by the end of 2024 as compared to US$8.4 bn in 2015. The researchers estimate that the global market will expand at a CAGR of 2.6% during the forecast period of 2016 and 2024.
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