Saturated Kraft Paper Market Forecasts to 2028 – Global Analysis By Basis Weight (Less than 50 GSM, 50 to 100 GSM), Paper Grade (Unbleached, Bleached), Application (Countertop, Partition) and By Geography

Saturated Kraft Paper Market Forecasts to 2028 – Global Analysis By Basis Weight (Less than 50 GSM, 50 to 100 GSM), Paper Grade (Unbleached, Bleached), Application (Countertop, Partition) and By Geography

According to Stratistics MRC, the Global Saturated Kraft Paper Market is accounted for $1.49 billion in 2021 and is expected to reach $2.85 billion by 2028 growing at a CAGR of 6.7% during the forecast period. Saturated kraft paper offers a barrier against moisture as is anti-moisture. It is a kind of specialty paper that is prepared from sawdust substantial and holds strength & numerous extra features. Saturated kraft paper has varied applications such as partition, flooring, shelving, and countertop. It has a low impact on the environment, as it can be recycled. This paper offers a range of benefits such as tear resistance, offer product consistency, high degree of porosity, eco-friendliness, stiffness, and others, which make it suitable for the building & construction industry.

Market Dynamics:

Driver:

Increasing demand for biodegradable packaging’s

The acceptance of the demand for biodegradable packaging in an alternative to plastic is predictable to increase the market growth. Rising consciousness among ecologists and administrations about the dangers of using plastic is obliging them to attention to greener substitutes, which is favoring the acceptance of market growth. A steady rise in demand in the construction industry, owing to infrastructure projects, has contributed to the increase in the use of sack kraft paper. For instance, in Canada, Plastic is polluting rivers, lakes, and oceans, harming wildlife, and generating microplastics in the water. Every year, Canadians throw away million of tons of plastic waste, only a few of which is being recycled, meaning the vast majority of plastic ends up in landfills, and about a ton finds its way into the natural environment.

Restraint:

High Cost of Raw material

Due to the increasing costs of the raw materials which in turn have lifted the cost of manufacturing as kraft paper is produced on paper machines with moderate machine speeds which increase their price and the trade limitations forced by the governments around the globe are a few of the factors hindering the growth of the market in the coming years.

Opportunity:

Increasing Preference for Laminate Flooring in Furniture Industry

Growing consumer preference for interior design and changing lifestyles. Construction spending is expected to rise in both developed and developing countries, which creates growth opportunities for the market manufacturers. Plywood surfaces are finished with decorative laminates by manufacturers. Laminates come in a range of textures, comprising stone, marble, abstract, and a variety of other custom prints. The increased use of modern interiors is likely to boost the demand for laminate flooring which will help to expand the market. Key players engaged in manufacturing saturated kraft paper focuses on providing customized saturated kraft paper for laminate floorings. Consumers can choose from a variety of design options provided by laminate manufacturers. Compared to ceramics and other woody materials, laminate flooring is a more cost-effective option for flooring. It is considered a suitable, popular, and trending flooring option in the world.

Threat:

Highly Competitive

Due to the increase in the new entrances, witness strong competition among numerous key players operating in the market. Additionally, small players are trying to enter the market owing to the increasing demand for saturated kraft paper from the building & construction industry.

Flooring segment is expected to be the largest during the forecast period

The customers have more preference toward interior designing and artistic looks owing to the promptly changing lifestyle. More traction toward laminated products, furniture, and flooring, among customers, is expected to create exponential growth in the market. The saturating kraft paper available in decorative formats with a variety of textures and thickness provides a good surface finish. Therefore, the demand for decorative saturating kraft paper for household end-use is predicted to rise in the upcoming year.

The Unbleached segment is expected to have the highest CAGR during the forecast period

As it is mostly used as core paper in high-pressure decorative laminate applications, the manufacturers are increasing the production of unbleached saturated kraft paper; it is being publicized for offering strong performance and product consistency in laminate applications. Companies in the saturated kraft paper market are mainly focusing on unbleached saturated kraft paper, which is capable of high-speed phenolic resin impregnation and laminate processibility. Compact laminate sheets are being produced from unbleached saturated kraft paper.

Region with highest share:

The Asia Pacific is projected to hold the highest market share, because of the amplified demand for the saturating kraft papers in heavily populated countries as it is progressively utilized in the production of packages to ensure expense savings, sustainability, and security of the packaged products. Furthermore, the growing application of its use in the food and beverages, healthcare, consumer durables, building, and construction industries will further boost the growth of the market in the province. For instance, India’s retail sector has been fueled by the country’s enormous population base, an affluent and growing middle class, rapid urbanization rate, and increasing Internet & online retail penetration. According to India Brand Equity Foundation, the retail industry has emerged as a fast-paced and most dynamic industry. The expanding and increasing retail sector adopts the modest furniture, which has a decorative look. Laminates are majorly used, which ultimately fuels the demand for saturated kraft paper.

Region with highest CAGR:

Europe is projected to have the highest CAGR, as the demand for sack kraft paper as a primary packaging format for transportation of numerous products in bulk to lower the total packaging expenditure. For instance, it is generally used for the packaging of pet food in the province in large quantities and is supported by the growing demand for pet food in the province. Additionally, the UK province is marked with several major global key players offering sack kraft paper with production units in the region. Companies, like Mondi Group, operating throughout Europe with a significant presence and headquartered in the United Kingdom offer brown, white, and PE-coated paper grades for sack kraft papers used in valve and open mouth industrial bags. The European paper sack and sack kraft paper industry have contributed many developments that make paper sacks the perfect packaging for food. According to Paper Shipping Sack Manufacturers’ Association (PSSMA), paper shipping sacks and consumer bags used in the food industry have emerged into a billion-dollar industry with shipments of over three billion sacks annually.

Key players in the market:

Some of the key players profiled in the Saturated Kraft Paper Market include Ahlstrom-Munksjo Oyj, Fortune Paper Mills LLP, International Paper Company, MM Kotkamills, Mondi PLC, Nordic Paper AS, Onyx Specialty Papers, Inc., Potsdam Specialty Paper Inc., Pudumjee Paper Products, Segezha Group, Shanghai Plastech Group Limited, Stora Enso Oyj, Venkraft Paper Mills Pvt. Ltd., WestRock Company.

Key developments:

In August 2021: MM Kotkamills acquired Kotkamills. This acquisition complements MM’s established market position in recycled cartonboard. In addition, MM diversifies the business with Saturating Kraft Paper in which Kotkamills is one of the global leaders..

In April 2021: Segezha Group partnered with Bellmer to build new paper machine at its Sokol site, Vologda Region. The new machine will come online in 2023. The construction of the new paper machine will be carried out in accordance with the Agreement for the Protection and Promotion of Investments, signed in December 2020 by the Ministry of Economic Development of the Russian Federation, Segezha Group and Vologda Region.

In January 2020; Mondi announced the starts up of new speciality kraft paper machine at Czech mill. The papers produced on this machine will offer recycled fibre-based products with a natural look, great printability and strength properties, all pre-requisites for consumer shopping bags.

Basis Weights Covered:
• Less than 50 GSM
• 50 to 100 GSM
• 101 to 200 GSM
• More than 200 GSM

Paper Grades Covered:
• Unbleached
• Bleached

Applications Covered:
• Countertop
• Partition
• Shelving
• Flooring
• Other Applications

End Users Covered:
• Household
• Industrial

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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