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The global kraft paper market is projected to grow at a CAGR of 2.2% and reach a value of US$19.82 billion by 2032, compared to its current value of US$15.94 billion.
Kraft paper is gaining popularity as a packaging material due to its minimal environmental impact. It is produced using the kraft process and various types of fibers, resulting in rough-surfaced sheets. The bread sector, in particular, can benefit from using kraft paper.
Kraft paper finds extensive applications in carryout bags, grocery and shopping bags, gift wrapping, and multiwall shipping sacks. It is known for its strength compared to other types of paper, thanks to its lower lignin content and higher sulfur ratio.
The environmental friendliness of paper-based packaging makes it valuable to various industries. Corrugated boxes, for instance, help reduce packaging waste as they can be recycled and repurposed. Logistics services play a significant role in driving the demand for kraft paper.
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Start-ups are introducing innovative kraft paper packaging options such as consumer-friendly bags, stand-up pouches, and zipper pouches. Additionally, the medical sector utilizes kraft paper manufactured using long softwood strands to provide the necessary flexibility and tensile strength.
One potential constraint for the kraft paper market is the lack of awareness in low-income nations. Addressing this knowledge gap and raising awareness could be crucial in expanding the market in those regions.
The market analysis and study of the kraft paper market were conducted by Future Market Insights, involving a team of analysts and consultants who examined both macro and micro factors in their research.
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