Saturating Kraft Paper Market Report 2024

The saturating kraft paper market size has grown strongly in recent years. It will grow from $1.36 billion in 2023 to $1.45 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth observed in the historic period can be attributed to several key factors. These include increasing demand from the packaging industry, a trend towards sustainable and recyclable packaging solutions, a heightened focus on circular economy principles, growing initiatives for paper recycling, fluctuations in economic conditions impacting consumer spending, and regulatory changes encouraging the adoption of eco-friendly packaging materials.

The saturating kraft paper market size is expected to see strong growth in the next few years. It will grow to $1.89 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The anticipated growth in the forecast period can be attributed to several factors. These include the increasing adoption of e-commerce, which drives higher demand for packaging materials, a growing preference for biodegradable and compostable packaging solutions, innovations in barrier coatings that enhance the functionality of paper, a shift towards lighter-weight packaging to reduce transportation costs, and rising consumer awareness about sustainable packaging practices. Major trends expected in the forecast period include the expansion of production capacities by key manufacturers, integration of digital technologies for improved supply chain management, development of premium-grade kraft papers tailored for luxury packaging, the emergence of smart packaging solutions, and advancements in technological processes within the paper manufacturing industry.

The saturating kraft paper market is anticipated to experience growth driven by increasing demand in the construction industry. This sector encompasses activities related to planning, developing, and executing building and infrastructure projects, spanning residential, commercial, and civil engineering endeavors. Growth in the construction industry is fueled by urbanization, infrastructure expansion, population growth, and investments in residential and commercial projects. Saturated kraft paper is crucial in construction for packaging and protecting materials such as cement, plaster, and other building supplies due to its strength, tear resistance, and moisture resistance. For example, a report from the UK's Office for National Statistics in February 2022 highlighted a substantial 12.7% annual growth in the construction sector in 2021, surpassing previous records. Monthly construction output in December 2021 increased by 2%, driven entirely by a 3.5% rise in new construction projects. Moreover, fourth-quarter production in 2021 rose by 1% compared to the previous quarter, supported by a 1.1% increase in new construction and a 0.8% uptick in repair and maintenance activities. This robust growth underscores the driving force behind the saturating kraft paper market's expansion.

Major companies in the saturating kraft paper market are innovating with advanced products such as OBA-free kraftliner to meet the demanding needs of the packaging industry. OBA-free kraftliner is a type of paperboard manufactured without optical brightening agents (OBAs). For example, in June 2022, Stora Enso Oyj, a Finland-based manufacturer, introduced the AvantForte WhiteTop kraftliner. This kraftliner, crafted entirely from virgin fibers, is tailored to satisfy brand owners' requirements for secure, high-performance packaging that is also plastic-free. It addresses the rising demand for sustainable packaging solutions by offering exceptional strength, purity, and visual appeal. Engineered for applications demanding superior print quality and robust integrity, it ensures reliability and environmental responsibility.

In August 2021, Mayr-Melnhof Karton AG acquired Kotkamills Oy, a Finland-based saturating kraft paper manufacture. This acquisition enhances MM's product portfolio and strengthens its sustainability initiatives, positioning the company as a key player in the saturating kraft paper market.

Major companies operating in the saturating kraft paper market are WestRock Company, International Paper Company, Stora Enso Oyj, Mondi Group, Sappi Limited, Ahlstrom-Munksjo Oyj, Holmen AB, Metsä Board Corporation, Domtar Corporation, Kruger Inc., Nordic Paper AS, Kotkamills, Pudumjee Paper Products Ltd., Holland Manufacturing Company, Gordon Paper Company Inc., Fleenor Paper Company, Plastech Group Limited, Potsdam Specialty Paper Inc., Zerust, Fortune Paper Mills LLP, Onyx Specialty Papers Inc., Ranheim Paper & Board AS, Oji Holdings Corporation, Segezha Group LLC, Venkraft Paper Mills Pvt. Ltd.

Asia-Pacific was the largest region in the saturating kraft paper market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the saturating kraft paper market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the saturating kraft paper market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Saturating kraft paper is a specialized type of paper infused or treated with resin to enhance its strength, durability, and resistance to moisture and chemicals. This process involves saturating the fibers of kraft paper with a thermosetting resin, which significantly improves its performance characteristics. This type of paper finds extensive use in packaging, construction materials, and other applications that require robust paper with enhanced properties.

Saturating kraft paper is categorized into two main types based on its grade, bleached and unbleached. Bleached kraft paper undergoes a whitening process using chemicals or natural agents, resulting in a brighter appearance compared to unbleached varieties. It is available in various weights, including less than 50 gsm, 50-100 gsm, 101-200 gsm, and more than 200 gsm, making it suitable for applications such as flooring, shelving, partitions, countertops, panels, and more. This versatile material is utilized by a range of end-users, including industrial and residential sectors.

The saturating kraft paper market research report is one of a series of new reports that provides saturating kraft paper market statistics, including saturating kraft paper industry global market size, regional shares, competitors with a saturating kraft paper market share, detailed saturating kraft paper market segments, market trends and opportunities, and any further data you may need to thrive in the saturating kraft paper industry. This saturating kraft paper market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The saturated kraft paper market consists of sales of oil saturated kraft paper, wax saturated kraft paper, and resin saturated kraft paper. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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