December 07, 2023 01:30 ET | Source: Future Market Insights Global and Consulting Pvt. Ltd. Future Market Insights Global and Consulting Pvt. Ltd.
NEWARK, Del, Dec. 07, 2023 (GLOBE NEWSWIRE) -- As per the latest analysis, the Europe-saturated kraft paper industry revenue is projected to grow from US$ 543.6 million in 2023 to US$ 831.5 million by 2033. Over the forecast period, demand for saturated kraft papers in Europe is predicted to surge at 4.4% CAGR. C1s Art Paper 150 Gsm
The unbleached saturated kraft segment is set to dominate the target business during the assessment period. It will likely register a CAGR of 4.5% through 2033. Hence, key manufacturers are expected to strengthen their unbleached saturated kraft paper portfolio to gain maximum profits.
The use of saturated kraft paper is growing steadily in Europe, which is expected to continue through 2033. This is due to the increasing demand for saturated kraft paper from diverse industries including chemicals, construction, and e-commerce.
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Growing need for sustainable packaging solutions is acting as a catalyst triggering sales of saturated kraft paper across Europe. Saturated kraft paper is emerging as an ideal eco-friendly alternative in the Europe luxury packaging sector.
The Europe luxury packaging sector is adopting saturated kraft papers as they provide aesthetic design and sustainability. With consumers becoming more conscious of packaging design and sustainability, demand for saturated kraft paper is set to rise significantly.
Saturated kraft papers allow brands to enhance their product appeal and comply with regulations. Manufacturers can adopt this material to improve packaging efficiency, thereby fostering business growth.
Growing demand for ready-to-assemble furniture is another key factor expected to boost sales of saturated kraft papers. This is because these papers are used to protect the furniture from various environmental factors and shipment risks.
Key Takeaways from the Report:
“The spreading awareness of environmental issues and the consequent emphasis on sustainability will likely drive the business of saturated kraft paper in Europe. Manufacturers are adopting digital printing, which allows more customized and digitally appealing designs,”- says an Senior Consultant Ismail Sutaria in Packaging at Future Market Insights (FMI).
Outline of Important Trends Shaping the Europe Saturated Kraft Paper Business
Reuse of Industrial Wood Waste Contributing to Circular Economy
In recent years, there has been a rise in the adoption of sustainable practices and resource efficiency. This has led to the search for potential ways to minimize waste and maximize the use of available resources by industries, including paper and pulp. Converting industrial wood waste into kraft paper best matches these objectives.
During the manufacturing of saturated kraft paper, a byproduct called black liquor, which has diverse applications, is derived. Manufacturers can use a special chemical process to extract lignin from this black liquor, which can be used as renewable bio-based material for diverse applications.
The products from black liquor can be reused in the pulping process, reducing the use of external resources to a larger extent. Using these practices, Manufacturers can minimize the environmental footprint, increase resource adoption, and reduce production costs.
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Rise in Exports of High-Performance Extensible Saturated Kraft Paper
The growing demand for sustainable packaging solutions has prompted prominent industrial sectors to adopt paper-based ones. A recent trend has shown that there is a growth in the export of extensible saturated kraft paper from Europe.
Saturated kraft paper can be stretched as it is resistant to tearing to a greater extent. This property makes them ideal for wrapping and securing various products of different shapes and sizes.
Manufacturers adopt saturated kraft paper-based packaging for the transportation of products over a long distance. The recognition of extensible saturated kraft paper globally has led to the export demand in Europe. This has boosted the Europe business to a great extent, and the trend will likely continue through 2033.
International Paper Company, WestRock Company, Nordic Paper AS, Ahlstrom, Stora Enso Oyj, MM Kotkamills, Mondi plc, Formica group, and Ranheim paper and board are few prominent saturated kraft paper manufacturers listed in the report. The tier 1 players hold 30% to 35 % of the overall Europe saturated kraft paper business.
Key companies are concentrating on launching new products made from recycled materials. They are also adopting strategies like mergers, partnerships, acquisitions, and collaborations to strengthen their presence and boost their sales.
Future Market Insights (FMI), in its new report, offers an unbiased analysis of the Europe saturated kraft paper business, analyzing historical demand from 2018 to 2022 and forecast statistics for 2023 to 2033. The study reveals growth projections based on basis weight (less than 50 GSM, 50 GSM to 100 GSM, 101 GSM to 200 GSM, more than 200 GSM), paper grade (unbleached and bleached), application (countertop, partition, shelving, flooring, and others), and end use (household and industrial).
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Europe Saturated Kraft Paper Business by Category
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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