Kraft Paper Market Size, Company Revenue Share, Key Drivers, and Trend Analysis, 2020–2028
The global kraft paper market is expected to be valued at USD 22.38 Billion by 2028 from USD 17 Billion in 2020, and register a CAGR of 3.5% over the forecast period. Growth of the market is majorly attributable to rising demand for sustainable and recyclable materials for packaging from various end-use industries. Kraft paper is manufactured from wood pulp through pulverizing process and blending with strong wood filament. However, high cost of kraft paper coupled with rising awareness regarding deforestation and resulting environmental impact of paper manufacturing are some key factors restraining growth of the market to some extent currently. Increasing demand for recycled paper bags and kraft paper over polyethylene for carrying and packaging products at supermarkets and malls such as food products is expected to open up a range of lucrative opportunities for growth of companies operating in the market. In addition, rising preference for materials that are compliant wi...