Kraft Paper Machines Market Size, Share, Growth, and Industry Analysis, By Type (Below 100m/min, 100 m/min-200 m/min, Over 200m/min and Others), By Application (Printing Industry, Packaging Industry and Others), Regional Forecast From 2024 to 2031

Updated On: 15 April 2024

Kraft Paper Machines Market Report Overview

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The global kraft paper machine market size expanded rapidly in 2022 the market is expected to generate substantial revenue by 2031, a robust CAGR during the forecast period.

The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Kraft paper is sturdy, tear-resistant, and brown in colour attributable to the pulping process, precisely like the word kraft, which is derived from the German word for "strong." This paper is ideal for making strong wrapping paper, strong rigid boxes, and sturdy carton boxes. Moreover, Kraft paper board is readily available in a wide variety of hues, patterns, and colours, making it a very adaptable material for branded packaging solutions.

Because of its excellent toughness, printability, and handling capability, this paper is used in the packaging sector to create wrapping paper, bags, pouches, cans, cartons, corrugated sheets, and other products. One of the main factors expected to propel the expansion of the kraft paper machine  market globally is the rise in demand for the product across a number of end-use industries, including food & beverage, building & construction, cosmetics & personal care, automotive, and consumer durables.

COVID-19 Impact: The COVID-19 Underlying Condition Downgraded the Market Growth

A major coronavirus outbreak in 2019 led to the COVID-19 global epidemic. Companies that once had a significant impact have changed the direction of their processes away from the source. The manufacturing unit and supply chain have both beena severely damaged by this pandemic. The widespread coronavirus has had a serious negative impact on the Kraft paper machine firm as well. There has been a significant shift in end-user production demand. COVID led to a decline in packing services but increased demand for online shopping. Hence, e-commerce platforms have increased the need for kraft paper machine across a number of businesses.

LATEST TRENDS

"Recycling Practises Coupled With Customization and Innovative Product Launch to Influence the Market Growth. "

Due to a rise in the need for kraft paper, the expanding regulating bodies are concentrating on implementing recycling techniques for paper. Over the projected period, there might be a significant opportunity for this market due to the increase in the use of new creative technology for the marketing and selling of kraft paper products such pouches, sack bags, and corrugated boxes. For instance, Mondi, a major producer of kraft paper, launched a mobile app on February 6th, 2020, allowing users to get information about sack kraft paper on the app. Thus, the "Go2Sack" app may offer calculations and data in real-time for the paper and sack kraft business. Moving consumer attention towards the end product's improved appearance will also increase favourable chances for the kraft paper machine market growth rate.

Kraft Paper Machines Market Segmentation

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• By Type

Based on type the kraft paper machine market is classified as below 100m/min, 100 m/min-200 m/min, Over 200m/min and others.

The type below 100m/min is the leading part of the type segment.

• By Application

Based on application the kraft paper machine market is classified as printing industry, packaging industry and others.

The printing industry type is the leading part of the application segment.

DRIVING FACTORS

"The Rising Demand in Packaging Industry and Gift Wrapping to Decipher the Market Share"

Due to its excellent toughness and folding resistance, Kraft Paper is employed as a raw material in the packaging sector. Because several products must be transported by logistics and may encounter packaging issues during the transport process, it is essential that packaging have high-strength compression performance. As a result, kraft paper is becoming more and more popular for packaging, and demand for kraft paper machine is predicted to increase gradually.

Due to the versatility of kraft paper, gift-wrapping is relatively simple. Due to its distinctive characteristics, like its colourful originality and texture, kraft paper is more advantageous. For personal use only, this essay is acceptable. By making DIY invitations and decorations with a kraft theme for celebrations and weddings, the costs can be reduced.

"The Intensive Utilization of the Product in Food Sector to Inflate Market Share"

There are several variations of kraft paper. One of the strongest types of paper is natural kraft paper, which is typically used to package foods like sugar, flour, dried fruits, and vegetables. Food products are packaged in Kraft paper to ensure food safety. Food packaging kraft paper market growth is correlated with an increase in the demand for packaging materials for food. Due to its packaging benefits for a variety of eating food items, such as pizza sandwiches or burgers, manufacturing organisations have also noticed a noticeably increased demand for kraft paper from the food & beverage industry.

RESTRAINING FACTORS

"The Advent of Novel Coronavirus to Pose Challenges In Market Growth"

The COVID-19 epidemic is impacting the supply of kraft paper, which is made worse by the lack of shipping containers, and is causing the industry to experience one of its most difficult periods in history. Government inaction and the digital revolution in underdeveloped nations are expected to impede market expansion. Throughout the forecast period, the kraft paper machine market is anticipated to face challenges related to access to affordable and high-quality raw materials.

Kraft Paper Machines Market Regional Insights

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"Asia Pacific region to Lead the Market With Presence of Major Players and Dense Population"

In terms of value, the Asia Pacific Kraft Paper machine market share is predicted to develop at the best CAGR. The increased demand for Kraft Paper Markets in densely populated nations like China and India, where it is being used in the manufacturing of packages to provide cost savings, sustainability, and safety of packaged goods, is credited with driving the market expansion in the Asia Pacific region. The expansion of the Kraft Paper Market in the Asia Pacific region is also anticipated to be fueled by the growing use of Kraft Paper Markets in the food and beverage, healthcare, consumer durables, building, and construction industries. These factors are also propelling the region's food kraft paper machine market growth.

KEY INDUSTRY PLAYERS

"Prominent Manufacturers to Contribute Towards Expansion of Market"

The report is an extensive research which presents the historic and futuristic performance of industry with competitive landscape analysis which incorporates prominent key players ,and revenue trends of industry. The report provides substantial analysis of company profiling, growth insights, supply-demand chain, production and consumption demand, business expansion strategies adopted by top key players. The information is a collusion of latest technological developments, trends, production lines mergers and acquisitions, market study and other factors.

List of Market Players Profiled

• Parason (England)
• Valmet (U.S.A)
• Voith (Germany)
• Siemens (Germany)
• SL Paper Machines (India)
• JMC Paper tech Pvt. Ltd (India)
• Leizhan (China)
• Jindelong Paper Making Machinery (China)
• Qinyang Hongyu Machinery Manufacturing (China)
• Qingdao JieRuiXin Machinery (China).

REPORT COVERAGE

The report anticipates a detailed analysis of the global market size at the regional and national level, the segmentation market growth and market share. The prime objective of the report is to help user understand the market in terms of definition, market potential, influencing trends, and the challenges faced by the market. Analysis of sales, the impact of the market players,  recent developments, opportunity analysis, strategic market growth analysis, territorial market expansion, and technological innovations are the subject matter explained in the report.