DUBAI, United Arab Emirates, Feb. 16, 2022 (GLOBE NEWSWIRE) -- The global Kraft Liner Market is walking down the path of progression. It is bound to be worth US$ 20.7 Bn by the year 2029 at a CAGR of 1.7% between 2022 and 2029.
Increasing demand for plastic-free packaging solutions from food and retail industries is anticipated to contribute to the growth of the global Kraft Liner Market over the next decade. Moreover, paper and paperboard are anticipated to be the future of the packaging industry, owing to the negative perception of plastic across the globe.
Applications of kraft liner and test liner solutions are expected to increase over the forecast period, attributable to the ban on single-use plastic by governments in various countries, which is anticipated to motivate large brands and companies to use alternatives to plastic-based packaging in the foreseeable future.
| Kraft Liner Market Size (2022) | US$ 18.4 Bn | |
| Projected Market Value (2029) | US$ 20.7 Bn | |
| Global Market Growth Rate (2022-2029) | 1.7% CAGR | |
| Collective Value Share: Top 5 Companies (2022E) | 13% | |
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On the back of these factors, the global kraft liner market is estimated to reach a value well above US$ 20.7 Bn by 2029.
Key Takeaways of Kraft Liner Market Study
- Due to growing demand for packaged food across the world, food grade kraft liners are estimated to hold the largest market share during 2022-2029.
- Increasing demand for high strength and printable packaging solutions from large- to medium-scale enterprises is expected to offer lucrative opportunities to manufacturers offering bleached kraft liner solutions in the next decade.
- Corrugated boxes is estimated to be the leading segment in terms of application of kraft liner solutions, and is projected to remain the leading segment over the forecast period.
- e-Commerce end use is projected to witness fast-paced growth, owing to the high demand for kraft liner solutions from this industry, followed by electrical and electronics packaging.
- High growth in the manufacturing & retail sector, and increasing disposable income of consumers in China and India, make this region lucrative for investments. Manufacturers in the kraft liner market can focus on acquisitions and expansion in this region to improve their market share.
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Scope of the Report
| Attribute | Details |
| Forecast Period | 2022-2029 |
| Historical Data Available for | 2014-2021 |
| Market Analysis | US$ Mn/Bn for Value |
| Key Regions Covered | North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East & Africa |
| Key Countries Covered | U.S., Canada, Brazil, Mexico, Germany, U.K., France, Italy, Spain, Benelux, Russia, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Singapore, China, Japan, South Korea, Australia, New Zealand, Turkey, Egypt, North Africa, South Africa, and GCC Countries |
| Key Market Segments Covered | Product, Basis Weight, Application, End-use, and Region |
| Key Companies Profiled | • WestRock Company • DS Smith Plc • Mondi Plc • Stora Enso Oyj • International Paper Company • BillerudKorsnäs AB • Metsä Board Oyj • Klabin SA • Nine Dragons Paper Holdings Ltd. • Smurfit Kappa Group Plc • Lee & Man Paper Manufacturing Ltd. • Packaging Corporation of America • Georgia-Pacific LLC |
Product Launch - Key Strategy of Manufacturers in Kraft Liner Market
Key manufacturers in the kraft liner market are focusing on product launches, divestiture, and capacity expansion. Leading players are also focusing on the development of innovative packaging formats using kraft liners, which can be an efficient replacement for plastic packaging solutions.
- In March 2022, WestRock Company introduced new coated paper in response to the premiumization trend followed by the manufacturers of consumer and luxury goods.
- In October 2022, DS Smith Plc provided the Retail Ready Packaging (RRP) solution to Morrisons’ Best Bacon sizzles.
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Future Market Insights, in its new report, offers an unbiased analysis of the global kraft liner market, analysing historical demand from 2014-2021 and forecast statistics for 2022-2029. The study offers growth projections of the kraft liner market on the basis of product (bleached and unbleached), basis weight (below 200 GSM, 200-400 GSM, and above 400 GSM), application (corrugated sheets, corrugated boxes, and container boards or solid boards), and end use (food {processed food, fresh produce, dairy products, food grains, confectionery & bakery, and other foods}, beverages {alcoholic and non-alcoholic}, electrical & electronics (industrial and consumer), healthcare, tobacco, automotive & allied industries, e-Commerce, chemicals & fertilizers, building & construction, and others), across seven major regions.
Key Segments Covered in Kraft Liner Industry Research
Kraft Liner Market by Product
- Unbleached
- Bleached
Kraft Liner Market by Basis Weight
- Below 200 GSM
- 200-400 GSM
- Above 400 GSM
Kraft Liner Market by Application
- Corrugated Sheets
- Corrugated Boxes
- Container Boards or Solid Boards
Kraft Liner Market by End use
- Food
- Processed Food
- Fresh Produce
- Dairy Products
- Food Grains
- Confectionery & Bakery
- Other Foods
- Beverages
- Alcoholic
- Non-alcoholic
- Electrical & Electronics
- Industrial
- Consumer
- Healthcare
- Tobacco
- Automotive & Allied Industries
- e-Commerce
- Chemicals & Fertilizers
- Building & Construction
- Others
Kraft Liner Market by Region
- North America Kraft Liner Market
- Latin America Kraft Liner Market
- Europe Kraft Liner Market
- East Asia Kraft Liner Market
- South Asia Kraft Liner Market
- Oceania Kraft Liner Market
- Middle East & Africa (MEA) Kraft Liner Market
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