What is Global Saturating Kraft Paper Market?
The Global Saturating Kraft Paper Market is a vast and dynamic sector that deals with the production, distribution, and consumption of saturating kraft paper. This type of paper is known for its high durability, strength, and resistance to moisture, making it an ideal choice for various industrial applications. The market is spread across the globe, with numerous players contributing to its growth and development. The value of this market was estimated to be around US$ 770 million in 2022. It is projected to experience a steady growth, reaching an estimated value of US$ 969.1 million by 2029. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of 3.3% during the forecast period of 2023-2029. The market is dominated by the top five manufacturers who collectively hold a market share of approximately 60%.
Less Than 100 GSM, 100 To 200 GSM, More Than 200 GSM in the Global Saturating Kraft Paper Market:
In the Global Saturating Kraft Paper Market, the products are categorized based on their weight per square meter, measured in GSM (Grams per Square Meter). The categories include Less Than 100 GSM, 100 To 200 GSM, and More Than 200 GSM. The 100 To 200 GSM category is the largest segment in the market, holding a share of over 55%. This category of paper is widely used due to its optimal balance between strength and flexibility. It is suitable for a variety of applications, including packaging, printing, and industrial uses. The Less Than 100 GSM category, although smaller in market share, is preferred for applications that require lighter weight paper, such as wrapping and interleaving. The More Than 200 GSM category, on the other hand, is used for heavy-duty applications due to its high strength and durability.
Laminates/Panels, Packaging Materials in the Global Saturating Kraft Paper Market:
The Global Saturating Kraft Paper Market finds its usage in various areas, including Laminates/Panels and Packaging Materials. In the Laminates/Panels industry, saturating kraft paper is used as a base material due to its high strength and resistance to moisture. It provides a durable and cost-effective solution for the production of laminates and panels. In the Packaging Materials industry, saturating kraft paper is used for its excellent printability and convertibility. It offers a sustainable and recyclable alternative to traditional packaging materials, contributing to the growing trend of eco-friendly packaging. The versatility and adaptability of saturating kraft paper make it a preferred choice in these industries, driving the growth of the Global Saturating Kraft Paper Market.
Global Saturating Kraft Paper Market Outlook:
The future outlook of the Global Saturating Kraft Paper Market appears promising, with a steady growth anticipated in the coming years. The market, which was valued at US$ 770 million in 2022, is expected to reach a value of US$ 969.1 million by 2029. This growth is projected to occur at a CAGR of 3.3% during the forecast period of 2023-2029. The market is largely dominated by the top five manufacturers, who collectively hold a market share of nearly 60%. In terms of product categories, the 100 To 200 GSM segment is the largest, accounting for over 55% of the market share. This dominance is attributed to the wide range of applications that this category of paper caters to, owing to its optimal balance of strength and flexibility.
| Report Metric | Details |
| Report Name | Saturating Kraft Paper Market |
| Accounted market size in 2023 | US$ 797.6 million |
| Forecasted market size in 2029 | US$ 969.1 million |
| CAGR | 3.3 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | WestRock, International Paper, Kotkamills Oy, Nordic Paper, Mondi Group, Ranheim Paper & Board AS, Fleenor Paper Company |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
