Kraft Liner Market Is Expected To Rise As Of Growth In The Packaging Industry Across The Globe

Kraft Liner Industry Overview

The global kraft liner market size was estimated at USD 38.98 billion in 2021 and is expected to expand at a compounded annual growth rate (CAGR) of 6.9% from 2022 to 2030.

The market is expected to grow significantly due to the growth in the packaging industry on account of the growing e-commerce sector across the globe. Kraft liner is a paperboard manufactured from chemical pulp produced in the kraft process, wherein the wood is converted into wood pulp, which consists of cellulose fibers. It has characteristics like great strength and good printability. Owing to these properties along with being environment-friendly, it is used in various industries for packaging like food & beverages, automotive parts, pharmaceuticals, and consumer goods.

Gather more insights about the market drivers, restrains and growth of the Global Kraft Liner Market

Rising environmental concerns regarding the use of plastic in packaging and the globally growing packaging industry backed by the rise of the e-commerce sector across the globe are the major factors driving the market growth over the forecasted period. Moreover, rising industrial operations are expected to drive industrial logistics growth, thereby driving the demand for kraft liners.

The Covid-19 pandemic disrupted the kraft liner market and the end-use industries in 2020. Due to this, the end-users did not prefer to go for any new product amid uncertainties. However, the post-pandemic era has brought in bright prospects due to a boost in the economies, which are expected to accelerate the market growth.

Old Corrugated Containers (OCC) are the basic raw materials used in kraft liners, and they account for 80% of the total makeup of the production of kraft liners. The recovery of this material is a real challenge because of the low-grade OCC and high transportation costs associated with it. This directly affects the supply of the kraft liner which hampers the market growth. Various R&D activities are executed by manufacturers for reducing the cost of kraft liner and are expected to help strengthen the market share in the packaging industry. In addition, to eliminate waste and promote kraft liners, governments worldwide are starting to focus on using recyclable and reusable packaging material.

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• Pharmaceutical Packaging Market - The global pharmaceutical packaging market size was valued at USD 117.2 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.5% from 2021 to 2030. Growing penetration of retail pharmacies in developing regions and a rising focus on brand enhancement and product differentiation by pharmaceutical manufacturers are anticipated to fuel the market growth.

• Geosynthetic Clay Liner Market - The global geosynthetic clay liner market size was valued at USD 299.0 million in 2014 and is expected to register a CAGR of 5.3% over the forecast period. Increasing awareness regarding landfill protection in the construction and mining sectors is anticipated to have a positive impact on the market growth.

Kraft Liner Market Segmentation

Grand View Research has segmented the global kraft liner market on the basis of product and region:

Kraft Liner Product Outlook (Volume, Kilotons; Revenue, USD Billion, 2017 - 2030)

• GSM<80

• GSM 80 to 160

• GSM>160

Kraft Liner Regional Outlook (Volume, Kilotons; Revenue, USD Billion, 2017 - 2030)

• North America

• Europe

• Asia Pacific

• Central & South America

• Middle East & Africa

Key Companies profiled:

Some prominent players in the global kraft liner market include:

• Smurfit Kappa

• Groupo Europac

• Roxcel Handelsges.m.b.H

• Astron Paper & Board Mill

• Eagle Paper International, Inc.

• Thai Paper Mill Company Limited

• International Paper

• Hazel Mercantile Limited

• Mondi Group

• Nine Dragons Paper (Holdings) Limited

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