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Increasing import export across the globe due to rising industrial productivity will drive the kraftliner market in coming years. On account of light weight and eco-friendly nature of the product, it is registering the high demand for packaging in 2018. In addition, rapidly growing e-commerce industry across the globe will help the market to grow further in near future.Fast moving lifestyle and heavy discounts offered by the e-commerce companies attracting the more customers. This healthy growth in e-commerce industry is expected to fuel the kraftliner market growth over the forecast period.
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Kraftliner Market size will be driven by significantly growing food & beverages industry across the globe. It used for food & beverages packaging where humidity and cold-storage conditions are extreme and provides outstanding package and packaging line efficiency and performance. Growing population and changing eating habits is propelling the food & beverage industry growth from past few years. Specially rapidly growing online food industry will have positive impact on the kraftliner market in coming years. Online ordered food packers highly use kraftliner for packaging purpose owing to its elasticity, strength and tear resistance.
Kraftliner market can divided on account of density GSM (gm/m2). It is divided into four parts below 125 GSM, 125- 250 GSM, 250-450 GSM and above 450 GSM. Above 450 GSM kraftliner were having the very low demand. Mostly people prefer light weight kraftliner for packaging purpose.
125-150 GSM is projected to have the largest share in kraftliner market owing to the lightweight nature and high tears resistance. 125-250 GSM kraftliner shall experience the high demand from food packaging industry. Above 450 GSM product is majorly used for heavy duty packaging, which used in range of application from automotive, food, bulk chemical packaging, etc.
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Major application segments in the market includes food & beverages packaging, industrial packaging, luxury packaging and heavy-duty packaging. Food & beverages packaging will have major market share in kraftliner market and expected to grow with a highest CAGR in next few years. Product demand for industrial packaging is anticipated to grow with a healthy CAGR in coming years on account of increasing industrialization in emerging economies such as India, Brazil, South Africa, Bangladesh, etc.
Asia Pacific was the largest region in kraftliner market and projected to grow with a highest CAGR over the forecast period. This can be attributed to the high growth in end-use industries in the region. Rapidly growing automotive and electrical & electronics industry will fuel the product demand in the region.
According to the OICA, more than 60% of automotive are produced in Asia Pacific and exported to the other regions. Europe kraftliner market is expected to experience the healthy growth numbers during the forecast period. High growth in e-commerce industry in the region is fueling the product demand from past few years. In addition, fast food consumption in the region is very high, which ultimately drives the product demand for food packaging.
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Many multinational and regional companies are operating in the industry. Major manufacturers are operating on the cost cutting model by mass production strategy to increase the profitability. Some major players operating in the industry includes Smurfit Kappa Group, Grupo Europac, Astron Paper & Board Mill, Roxcel Trading GmbH, Eagle Paper International Inc, Thai Paper Mill, Nine Dragons Paper Holdings Limited, Hazel Mercantile Limited, International Paper, Universal Pulp & Paper, DS Smith Plc, Mondi Group Plc, Georgia-Pacific LLC, WestRock Company and KapStone Paper.
Contact Info:
Name: Arun Hedge
Email: Send Email
Organization: Global Market Insights, Inc.
Website: https://www.gminsights.com/industry-analysis/kraftliner-market
Release ID: 88909789
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