Overview and Scope
Saturating kraft paper is a type of paper that has been infused or treated with resin to enhance its strength, durability, and resistance to moisture and chemicals. This process involves saturating the kraft paper fibers with a resinous material, typically a thermosetting resin, to achieve these improved properties. It is commonly used in packaging, construction materials, and other applications requiring robust paper with enhanced performance characteristics.
Sizing and Forecast
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 in the historic period can be attributed to growing demand from the packaging industry, a shift towards sustainable and recyclable packaging solutions, a rising focus on circular economy principles, growing paper recycling initiatives, economic fluctuations affecting consumer spending, and regulatory changes promoting 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 growth in the forecast period can be attributed to increasing adoption of e-commerce leading to higher demand for packaging materials, growing preference for biodegradable and compostable packaging solutions, innovations in barrier coatings enhancing paper’s functionality, shift towards lighter-weight packaging to reduce transportation costs and rising consumer awareness. Major trends 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 for luxury packaging, the emergence of smart packaging solutions, and technological advancements in paper manufacturing processes.
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Segmentation & Regional Insights
The saturating kraft paper market covered in this report is segmented –
1) By Paper Grade: Bleached, Unbleached
2) By Weight: Less Than 50 GSM, 50-100 GSM, 101-200 GSM, More Than 200 GSM
3) By Application: Flooring, Shelving, Partition, Countertops, Panels, Other Applications
4) By End-User: Industrial, Residential
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.
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Major Driver Impacting Market Growth
Growing demand in the construction industry is expected to propel the growth of the saturating kraft paper market going forward. The construction industry encompasses the sector involved in the planning, development, and execution of building and infrastructure projects, including residential, commercial, and civil engineering endeavors. The construction industry is rising due to increasing urbanization, infrastructure development, population growth, and rising investments in residential and commercial projects. Saturated kraft paper is used in the construction industry primarily for the packaging and protection of materials such as cement, plaster, and other building supplies. Its strength, tear resistance, and moisture resistance make it suitable for withstanding the rigors of construction environments. For instance, in February 2022, according to a report published by the Office for National Statistics, a UK-based administrative office of the United Kingdom Statistics Authority, the construction sector achieved a remarkable annual growth of 12.7% in 2021, setting a new record compared to the previous year. In December 2021, monthly construction output increased by 2.0%, attributed entirely to a 3.5% rise in new construction projects. Furthermore, during the fourth quarter of 2021, the industry’s quarterly production rose by 1.0% compared to the third quarter, boosted by a 1.1% increase in new construction and a 0.8% uptick in repair and maintenance activities. Therefore, growing demand in the construction industry is driving the growth of the saturating kraft paper market.
Key Industry Players
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
The saturating kraft paper market report table of contents includes:
1. Executive Summary
2. Saturating Kraft Paper Market Characteristics
3. Saturating Kraft Paper Market Trends And Strategies
4. Saturating Kraft Paper Market – Macro Economic Scenario
5. Global Saturating Kraft Paper Market Size and Growth
….
32. Global Saturating Kraft Paper Market Competitive Benchmarking
33. Global Saturating Kraft Paper Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Saturating Kraft Paper Market
35. Saturating Kraft Paper Market Future Outlook and Potential Analysis
36. Appendix
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