The saturated kraft paper market has witnessed steady growth in recent years, driven by its wide range of applications in various industries. Saturated kraft paper is a type of paper that has been impregnated with a resinous material, making it highly resistant to moisture, grease, and chemicals. This unique property makes it suitable for packaging, laminating, and other industrial applications where durability and resistance to external factors are crucial.
The global saturated Kraft paper market size was USD 1.43 Billion in 2022 and is expected to register a rapid revenue CAGR of 4.7% during the forecast period, according to the latest analysis by Emergen Research. With increasing environmental concerns, there is a shift towards eco-friendly packaging materials. Saturated kraft paper, being biodegradable and recyclable, offers a sustainable alternative to plastic-based packaging materials. This has led to its increased adoption in industries such as food and beverages, consumer goods, and pharmaceuticals.
Another driver of the market is the rising e-commerce industry. With the rapid growth of online shopping, there is a higher demand for protective packaging materials to ensure the safe delivery of products. Saturated kraft paper, with its excellent tear resistance and moisture barrier properties, provides an ideal solution for packaging fragile and sensitive items. The e-commerce boom has significantly contributed to the increased consumption of saturated kraft paper.
However, the saturated kraft paper market also faces certain restraints. One of the major challenges is the availability of alternative packaging materials. While saturated kraft paper offers several advantages, there are other materials such as plastic films and laminates that also provide similar properties. The competition from these alternative materials poses a restraint to the market's growth.
Furthermore, the fluctuating prices of raw materials used in the production of saturated kraft paper can impact the market. The prices of wood pulp, which is a key raw material, are subject to market dynamics and can experience volatility. This can affect the overall cost of production and pricing of saturated kraft paper, making it less competitive in the market.
To gain a deeper understanding of the saturated kraft paper market, let's consider a few statistics from government organizations. According to a report published by the United States Environmental Protection Agency (EPA), the recycling rate of paper and paperboard in the United States reached 66.2% in 2020. This statistic highlights the growing emphasis on recycling and the potential for increased utilization of recycled paper, including saturated kraft paper.
In Europe, the Confederation of European Paper Industries (CEPI) reported that the production of paper and board in the region increased by 1.4% in 2020 compared to the previous year. This indicates the steady demand for paper-based products, including saturated kraft paper, in the European market.
The report also offers estimations and predictions about the market segment and sub-segments exhibiting promising growth in the forecast timeline. The report also provides deeper insights into the technological advancements, industrial landscape, and emerging product and technological developments in the Saturated Kraft Paper market. It offers fruitful insights into the business sphere to help businesses capitalize on the lucrative growth opportunities.
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Competitive Terrain:
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Saturated Kraft Paper market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
The leading market contenders listed in the report are:
Onyx Speciality Papers Inc., WestRock Company, Fortune Paper Mills LLP, International Paper Company, Stora Enso, Venkraft Paper Mills Pvt. Ltd., MM Kotkamills, Nordic Paper AS, Shanghai Plastech Group Limited, and Potsdam Speciality Paper Inc
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Emergen Research has segmented the global Saturated Kraft Paper market on the basis of type, application, end-use, and region:
Segments Covered in this report are:
Paper Grade Outlook (Revenue, USD Billion; 2019–2032)
- Bleached
- Unbleached
Weight Outlook (Revenue, USD Billion; 2019–2032)
- Less than 50 GSM
- 50-100 GSM
- 101-200 GSM
- More than 200 GSM
Application Outlook (Revenue, USD Billion; 2019–2032)
- Flooring
- Shelving
- Partition
- Countertops
- Panels
- Others
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Report:
- Analysis and estimation of the Saturated Kraft Paper Market size and share for the projected period of 2022-2030
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Saturated Kraft Paper Market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
- Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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