Kraft Paper Market Industry Leaders & New Revenue Pockets

Kraft Paper Market Industry Leaders :

The kraft paper market is projected to grow from USD 15.6 billion in 2019 to USD 18.7 billion by 2025, recording a CAGR of 3.0% during the forecast period. The rising demand for kraft papers in various end-use industries such as food & beverages, pharmaceuticals, and building & construction is projected to drive the growth of the kraft paper market across the globe during the forecast period. 

 

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Mondi  (Austria), Segezha group (Russia), Klabin(Brazil), Billerudkorsnas (Sweden), Stora Enso (Finland), Daio Paper constrution (Japan), Nordic Paper (Sweden), Glatfelter(US), and Gascogne Papier (Austria) are the key players operating in the kraft paper market. These players have adopted numerous growth strategies such as expansions, investments, divestments, new product developments, acquisitions, partnerships, agreements, and joint ventures to increase their market shares and enhance their product portfolios.

The strategies of expansions, investments, and divestments together accounted for the largest share of all strategic developments that took place in the kraft paper market between January 2017 and November 2018. Companies such as Mondi (Austria), Segezha group (Russia), Klabin (Brazil), Billerudkorsnas (Sweden), Stora Enso (Finland), Daio Paper Construction (Japan), Nordic Paper (Sweden), Glatfelter (US), and Gascogne Papier (Austria) are the key players operating in the kraft paper market that adopted these strategies to strengthen their product portfolios, expand their market presence, and enhance their growth prospects in the kraft papers market.

MONDI (Austria), is one of the key players in the kraft paper market. It operates throughout the value chain–from wood to pulp production, which includes raw materials, such as wood yard, pulping process, and the chemical cycle of a pulp mill. It offers products and services through business segments, namely Specialty kraft paper and Sack kraft paper. The company has a wide range of grades such as unbleached kraft paper, bleached kraft paper, white paper, and pulp. In September 2018, Mondi launched a specialty kraft paper grade, advantage formable brown, which is used in various food packaging applications, such as packing fish and meat, with symmetrical stretch, which is a unique feature of this product.  It is multilayered and thermoformable, due to which it witnesses a high demand in packaging solutions.

Segezha Group is a Russian forest industry holding company, which focuses on offering wood, paper, and pulp products, as well as forestry operations. It offers a wide range of sack paper & paper packaging products to customers. The sack papers offered by the company is made of virgin fiber and can resist up to 250°С heat exposure. Further, it has nine paper sack and packaging mills and two pulp & paper mills. The company is a key producer of unbleached sack papers and paper sacks in the Russian and European markets and has its sales operations in over 100 countries. Its assets are located in around 12 countries across regions. It has its offices and production units in 11 countries across the globe. The company offers a wide range of kraft paper products under its business segments, Paper sack bags and Sack paper.

Kraft Paper Market Industry New Revenue Pockets :

The kraft paper market is projected to grow from USD 15.6 billion in 2019 to USD 18.7 billion by 2025, recording a CAGR of 3.0% during the forecast period. The rise in demand for kraft papers from various end-use industries, such as food & beverages, building and construction, cosmetics & personal care automotive, and consumer durables, is driving the growth of the kraft paper market across the globe. In addition, factors such as rapid urbanization across the globe and the recyclability of kraft papers are also projected to contribute to the growth of the kraft paper market during the forecast period.

Kraft paper is also known as brown paper or wrapping paper, which is made from various raw materials, including bagasse, groundwood, straw, waste paper, and waste carton boxes in different combinations to produce sustainable, strong, flexible, and lightweight kraft paper. 'Kraft' means strength and kraft papers have high strength, which is why it is referred to as kraft papers. It is typically used for wrapping heavy bundles due to its high strength. After corrugation, it is used in many types of packing and accepted as an important packaging material in many end-use industries. Quality kraft papers are made by the 'Kraft' chemical process, also known as sulfate process. They are normally sized with sizing agents & additives and not bleached. Hence, they retain a natural brown color. Kraft papers are primarily used in wrapping paper bags and linter corrugated sheets.

Kraft paper comes in various grades, such as bleached and unbleached, are considered for the scope of the study. On the basis of packaging form, the market is segmented into wraps, pouches, envelops, grocery bags, industrial bags, and corrugated boxes. Kraft paper is used in various applications, including food packaging, healthcare products, agriculture products, construction material packaging, chemicals, and electronics, consumer goods, and automotive.

Based on packaging form, the corrugated boxes segment in the kraft paper market is projected to grow at the highest CAGR during the forecast period, in terms of value, followed by the grocery bags and industrial bags segments. The growth of the corrugated boxes segment in the market is attributed to the increasing use of recyclable packaging products. Due to its low cost, versatility, and easy availability, plastic packaging is used in numerous industries such as food & beverages, pharmaceuticals, and building and construction. Durability, safety, hygiene, and lightweight features of plastic packages have further contributed to its popularity among consumers.

Based on grade, the unbleached segment is projected to dominate the kraft paper market from 2019 to 2025, in terms of value and volume. Unbleached kraft paper is made from the pulping process using the wood pulp, which gives it a natural brown color. Unlike bleached kraft paper, this kraft paper does not undergo any chemical processes and offers sustainable and recyclable properties. The unbleached kraft paper is available in three grades, including machine glazed, smooth finished, and machine finished. It is widely used by various end-user industries, such as healthcare, laminates & coating, and retail bags & carriers, as it is cost-effective and a sustainable solution for packaging.

The kraft paper market is studied for five regions, namely, North America, Asia Pacific, Europe, the Middle East & Africa, and South America. In terms of value, the Asia Pacific region is projected to lead the kraft paper market during the forecast period. The market in the Asia Pacific region is projected to grow at the highest CAGR from 2019 to 2025, in terms of value. The increasing demand for sustainable packaging solutions and a strong industrial base in the Asia Pacific region are factors that are projected to drive the growth of the kraft paper market in the region. Key factors such as ongoing industrialization, rising disposable income of the middle-class population, preference for multi-use packaging solutions, and low packaging waste are factors that are projected to drive the growth of the Asia Pacific kraft paper market during the forecast period.

Trash Bags Market Industry Leaders & New Revenue Pockets - 2024

The trash bags market is projected to grow from USD 9.5 billion in 2019 to USD 12.1 billion by 2024 at a Compound Annual Growth Rate (CAGR) of 4.9% during the forecast period. Trash bags are disposable bags used for the collection, handling, and disposal of trash. They were invented by a Canadian inventor, Harry Wasylyk, along with Larry Hansen in 1950 for commercial use. Garbage bags are commonly manufactured using thermoplastics, such as Low Density Polyethylene (LDPE) and High Density Polyethylene (HDPE). LDPE trash bags are thick, flexible, and highly resistant to puncturing and tearing, making them ideal for use in the kitchen and in outdoor trash cans, while HDPE trash bags undergo a different manufacturing process as compared with LDPE trash bags, making them thinner and less puncture resistant, ideal for use in offices and restrooms.

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Key players such as Berry Global Inc., (US), The Clorox Company, (US), Novolex, (US), Reynolds Consumer Products, (US), Inteplast Group, Ltd., (US), Poly-America, L.P., (US), International Plastics, Inc., (US), Four Star Plastics, (US), Cosmoplast Industrial Company (L.L.C.) (UAE), NOVPLASTA, s.r.o., (Slovakia), have adopted acquisitions, expansions, and new product launches as their strategies. In August 2018, Berry Global Inc. acquired Laddawn, Inc. (US) for a preliminary cost of USD 242 million. The acquired business operates in the Engineered Materials segment of Berry Global Inc. The acquisition enabled the company in strengthening its position in the custom-made trash bags market.

In December 2017, Novolex acquired certain assets and business operations of Shields Bag and Printing Co. (US), a manufacturer of custom engineered flexible packaging products. The acquisition aided Novolex in strengthening its position in the institutional and industrial segments. In September 2015, Novolex expanded its footprint in Florence (Kentucky). This expansion includes multiple facilities in Florence, including USD 4 million for its headquarters. With this expansion, the company strengthened its presence in the North American market and created 173 new jobs at the facility.

In June 2016, Hefty, a subsidiary of Reynolds Consumer Products, launched its new Ultra Strong trash bags. These new trash bags are powered by Arm & Hammer odor control and are offered in a variety of scents. The new line of trash bags also includes improved strength and break-resistant drawstrings. With this development, the company diversified its product portfolio further.

The trash bags market is projected to grow from USD 9.5 billion in 2019 to USD 12.1 billion by 2024 at a Compound Annual Growth Rate (CAGR) of 4.9% during the forecast period. The trash bags market comprises various small and large-scale manufacturers and is estimated to be dominated by the Asia Pacific region in terms of volume in 2019. The Asia Pacific region is home to some of the largest Municipal Solid Waste (MSW) generating countries in the world, such as China, Malaysia, Singapore, and Japan. There is a growing demand for trash bags in the Asia Pacific due to rapid urbanization and economic development, which has led to an increase in the generation of MSW in the region. With increasing government emphasis on cleaner cities, the consumption of trash bags is expected to remain high in this region. Unlike the western world, stringent regulations for the proper disposal of household waste have not been implemented in many emerging countries in this region. As government regulations play a critical role in this market, there is significant potential for the growth of the consumption of trash bags in this region. 

Key factors driving the global trash bags market include high demand from the retail and institutional segments. The retail segment is witnessing rapid growth due to increasing urbanization and the improving economic condition of emerging countries. Rapid urbanization has led to the addition of new trash bag consumers from the household sector. Urban areas are the key waste generating zones and are thus mandated by their respective governments for appropriate waste disposal.

Over the past decade, the market for trash bags has grown steadily and is expected to show similar trends in the coming years. Government policies across the globe aim at minimizing waste generation and increasing recycling to achieve sustainable waste management. These policies attempt to implement efficient as well as effective methods to collect waste generated in industries, households, and institutions.

On the basis of type, the star sealed segment is estimated to account for the largest market share in the global trash bags market in 2019, which is projected to grow at a higher CAGR during the forecast period. Star sealed trash bags, also known as X-seal bags, are the most commonly used durable bags exhibiting high leak and puncture resistance. These bags are created by folding the bottoms of bags multiple times before heat-sealing. Star sealed trash bags provide salient features, such as unsurpassed strength, large bearing weight capacity, and stretch ability. Star sealed trash bags are generally fabricated using High Density Polyethylene (HDPE), Linear Low Density Polyethylene (LLDPE), or Low Density Polyethylene (LDPE) material. High Density Polyethylene-based trash bags have superior film strength and exceptional moisture & vapor barrier properties, which not only help in eliminating leaks but also odors of any kind. The high wear & tear resistance of LDPE-based bags make these the preferred choice in daily cleaning.

The retail segment is projected to be the largest segment of the trash bags market, by end use leads in the overall consumption of trash bags across the globe. This segment is estimated to account for the largest share of the global trash bags market in terms of value in 2019 and is projected to grow at the highest CAGR during the forecast period. Growth of the retail segment is attributed to the increasing urban population and stringent regulations for handling waste for households, which are the key drivers of the market.

Europe, Asia Pacific, and North America are major regional markets for trash bags. The adoption of trash bags is high in developed markets as compared to emerging markets. This can be attributed to the high disposable incomes in developed economies, leading to high standards of living. In developed markets, such as the US, trash bags are considered more of a commodity than a luxury. Rapid urbanization in emerging markets has led to a substantial increase in the adoption of trash bags. Continued developments in these regions, coupled with increasing disposable incomes, are expected to further boost the consumption of trash bags in this geography.  

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Liquid Packaging Market Industry Leaders & New Revenue Pockets

The market size for liquid packaging is projected to reach USD 370.75 billion by 2021, registering a CAGR of 5.4% between 2016 and 2021. Asia-Pacific is the leading market for liquid packaging, in terms of value, and the trend is projected to continue till 2021. Countries in this region such as China, India, Japan, South Korea, Malaysia, Thailand, and Indonesia are witnessing a gradual increase in the use of liquid packaging in the end-use industries, namely, food & beverages, non-food, and industrial segment.

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China leads the Asia-Pacific Liquid Packaging Market due to the rise in the population and the rising economy. It is projected to be the fastest-growing market in the global liquid packaging market. Rapid development in the food & beverages industry in major economies, namely, China, India, and Japan, is vigorously pushing the demand for liquid packaging. Also, with growing health awareness and rising disposable income, the country is expected to remain the main hub for consumption of liquid packaging during the forecast period.

The growth of liquid packaging is mainly due to the increasing demand for these materials in packaging industry for various end-use industries such as food & beverages, non-food and industrial segment. Food & beverages is one of the fastest-growing end-use industries for liquid packaging products. Demands for reliability, good sealability, visual attractiveness, and good barrier properties along with long shelf life are essential for liquid packaging, thus driving the need of liquid packaging products in the food & beverages industry. In addition, governments of major economies, namely, the U.S., Germany, China, India, Brazil, and others are investing heavily in the liquid packaging sector and are focusing on health issues and use of renewable sources. The use of PET bottles for packaged drinking water and use of good quality and hygienic food packaging is also driving the market.

Polyethylene is projected to be the fastest-growing resin type used in the manufacturing of liquid packaging types globally. The use of high density polyethylene (HDPE) for PET bottles is gaining importance in the global Liquid Packaging Market. The use of low density polyethylene (LDPE) for milk cartons and making polyethylene coated board is another factor driving the market. Packaging types manufactured using polyethylene further have considerable potential in the area of packaging liquids in non-food and industrial segments. Liquid packaging is used largely for different applications across various packaging applications placed in several end-use industries, ultimately driving the market.

Flexible liquid packaging is the fastest-growing type of liquid packaging. Increasing benefits of flexible liquid packaging over rigid liquid packaging is causing a shift of the consumers towards flexible liquid packaging. Flexible liquid packaging is preferred as it is cost-effective, environment–friendly, and less prone to damage. Flexible liquid packaging is used in packaging of liquid products such as milk, sauces, soups, beverages, dairy products, spirit, wine, and others. It is also used in applications across various other non-food industries such as including medical & pharmaceutical, beauty & personal care, household care, and others, thus significantly driving the liquid packaging demand globally.