VALLEY COTTAGE – The global kraft liner market will reach a valuation of US$ 20 Bn in 2029, witnessing a steady growth outlook during the forecast period (2019 – 2029). According to a new study by Future Market Insights (FMI), the market for kraft liners is largely influenced by increasing concerns over single use plastic packaging and the thriving sustainability trend.
“Brand owners in the kraft liner market are investing aggressively in packaging, driven by rise in the adoption of premium and customized packaging solutions. Manufacturers can gain substantial profits with development of diverse packaging solution portfolios in terms of both technology and design,” reveals FMI’s research.
Key Research Findings of FMI’s Kraft Liner Market Study
- Food grade kraft liners will account for a major market share owing to high demand from packaged food industry.
- Corrugated box kraft liners are projected to remain preferred through the end of forecast period.
- Bleached kraft liner solutions will generate lucrative opportunities owing to demand for high-strength, printable packaging solutions.
- China and India turn lucrative for investors in kraft liner market, driven by rapid expansion of retail and manufacturing sectors.
Key Growth Drivers – Kraft Liner Market
- Demand for plastic free packaging and the rise of environmental awareness is a key growth driver for kraft liner manufacturers.
- The rise in the global retail sector is projected to increase the adoption of kraft liner.
- High prospects of digital printing technology are bolstering preference for kraft liners over conventional materials.
Key Impediments – Kraft Liner Market
- Implementation of strict regulations by government bodies against paper & pulp industries hampers growth of the kraft liners market.
Competition Structure Analysis – Kraft Liner Market
The competition landscape of kraft liner market remains moderately fragmented and highly competitive. Key producers are also pushing for divestiture, product launches, and expansion of production capacities, with greater focus on innovative packaging formats, to effectively replace plastic packaging solutions.
Some of the key players in the kraft liner market include, but are not limited to NIPPON PAPER INDUSTRIES CO., LTD., Kraft Liner S.A., Papelera Carbó, S.A., Stora Enso Oyj, Svenska Cellulosa AB SCA, International Paper, and Guangzhou KIKA Paper Industry Co., Ltd.
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