Industry Background:
The colour of natural or unbleached kraft paper is light brown, whereas bleached kraft paper is white. Natural kraft paper is the strongest of the typical packaging papers and is used in industrial bags, grocery bags, inner plies of multiwall sacks, and plain wrapping paper when maximum strength is required. Unbleached kraft paperboard can be used for printing. As a result, several businesses are utilizing the available space on unbleached kraft paperboard to show more product information and accomplish passive branding. Unbleached kraft paperboard is becoming more popular among major packaging companies throughout the world. One of the main drivers of this change is a desire to reduce their carbon footprint by utilizing the benefits of unbleached kraft paperboard. All of these factors point to a quick expansion of the global unbleached kraft paperboard market in the future years.This growth is primarily driven by Increased Demand for Packaging of Various Products and Increasing demand for Environment-Friendly, Sustainability, and Recyclable Properties products.
Globally, a noticeable market trend is evident Growing demand for Eco-Friendly Packaging Materials
. Major Vendors, such as Georgia-Pacific (United States), Graphic Packaging International, Inc. (United States), International Paper (United States), Klabin (Brazil), WestRock (United States), Stora Enso (Finland), Oji Paper Company (Japan), Lee & Man Paper (China), MeadWestvaco (United States) and Mondi Group (United Kingdom) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In November 2021- -Ilim Group has announced to renovate and convert its PM5 plant in Koryazhma, which currently produces white papers, to unbleached packaging kraft paper. By the end of 2022, the conversion project will be completed. Paper machines will manufacture 70 thousand tonnes of finished products for the fast-growing packaging paper market in 2023., Additionally, and In June 2021 - WestRock intends to launch a packaging line built from wood fiber supplied responsibly. When emptied and flattened, WestRock Ever Grow pack curb-side recyclable, furthering the company's goal of reducing waste and developing a product line that is 100 percent reusable, recyclable, and compostable.
Market Drivers
- Increased Demand for Packaging of Various Products
- Increasing demand for Environment-Friendly, Sustainability, and Recyclable Properties products
Market Trend
- Growing demand for Eco-Friendly Packaging Materials
- Paperboard-based packaging is expected to grow as a result of stringent regulations prohibiting the use of plastic
Restraints
- Competition from Cheaper Plastic products
Opportunities
Growing Demand for Sustainable Packaging Solutions, Huge Demand Due To Increasing Transportation of Food Products and Raising Environmental Awareness via the Disposable of Plastic Waste in the Environment results in rising demand of easily available products in the local market and reduces export costs
Challenges
High Involvement of Plastic Products Worldwide
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Unbleached Kraft Paperboard Study Sheds Light on
The Unbleached Kraft Paperboard Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Unbleached Kraft Paperboard industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Unbleached Kraft Paperboard industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.