(PharmaNewsWire.Com, August 05, 2021 ) The kraft paper market is projected to grow from USD 15.6 billion in 2019 to USD 18.7 billion by 2025, recording a CAGR of 3.0% during the forecast period.The rising demand forkraft papersin various end-use industries such as food & beverages, pharmaceuticals, and building & construction is projected to drive the growth of the kraft paper market across the globe during the forecast period.
Mondi (Austria), Segezha group (Russia), Klabin(Brazil), Billerudkorsnas (Sweden), Stora Enso (Finland), Daio Paper constrution (Japan), Nordic Paper (Sweden), Glatfelter(US), and Gascogne Papier (Austria) are the key players operating in the kraft paper market. These players have adopted numerous growth strategies such as expansions, investments, divestments, new product developments, acquisitions, partnerships, agreements, and joint ventures to increase their market shares and enhance their product portfolios.
The strategies of expansions, investments, and divestments together accounted for the largest share of all strategic developments that took place in the kraft paper marketbetween January 2017and November 2018. Companiessuch as Mondi (Austria), Segezha group (Russia), Klabin(Brazil), Billerudkorsnas (Sweden), Stora Enso (Finland), Daio Paper Construction (Japan), Nordic Paper (Sweden), Glatfelter(US), and Gascogne Papier (Austria) are the key players operating in the kraft paper market that adopted these strategies to strengthen their product portfolios, expand their market presence, and enhance their growth prospects in the kraft papers market.
MONDI(Austria), is one of the key players in the kraft paper market. It operates throughout the value chain–from wood to pulp production, which includes raw materials, such as wood yard, pulping process, and the chemical cycle of a pulp mill. It offers products and services through business segments, namely Specialty kraft paper and Sack kraft paper. The company has a wide range of grades such as unbleached kraft paper, bleached kraft paper, white paper, and pulp. In September 2018, Mondi launched a specialty kraft paper grade, advantage formable brown, which is used in various food packaging applications, such as packing fish and meat, withsymmetrical stretch, which is a unique feature of this product. It is multilayered and thermoformable, due to which it witnesses a high demand in packaging solutions.
Segezha Group is a Russian forest industry holding company, which focuses on offering wood, paper, and pulp products,as well as forestry operations. It offers a wide range of sack paper & paper packaging products to customers. The sack papers offered by the company is made of virgin fiber and can resist up to 250°С heat exposure. Further, it has nine paper sack and packaging mills and two pulp & paper mills. The company is a key producer of unbleached sack papers and paper sacks in the Russian and European markets and has its sales operations in over 100 countries.Its assets are located in around 12 countries across regions. It has its offices and production units in 11 countries across the globe. The company offers a wide range of kraft paper products under its business segments, Paper sack bagsand Sack paper.
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